The author says that if limited to $1,000 for quantum computing, IonQ would be the pick, though as a speculative holding within a diversified portfolio. The technology could greatly speed up computing, but fragile qubits and high error rates mean widespread commercial use may be years away. IonQ uses trapped-ion technology, offers quantum-as-a-service, and partners with Nvidia; its first-half 2026 revenue rose 412%, yet free cash flow was negative $273 million, against about $2.1 billion in liquidity. The article calls its valuation, at 44 times price-to-sales, poorly aligned with its financial condition. It also warns the sector may face a shakeout like early internet search, putting smaller peers such as Rigetti and D-Wave at risk.
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