The quantum computing sector has experienced at least two boom-and-bust cycles this year. However, IonQ's latest Q4 revenue reached $61.9 million, with full-year 2026 guidance of $225-$245M. The 202% annual growth rate makes the "bubble" label difficult to justify, at least on the revenue side.
Rigetti plummeted 24.9% in March. The pace of its technological roadmap and commercial transformation remains the biggest variable, but its $590M cash reserve provides a sufficient time window.
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