Quantum computing is hot right now. Shares of pure play quantum computing stocks have been soaring, and the hype train has clearly left the station. Investors should know, however, that quantum computers have never been used to solve a real-world problem faster than a traditional computer and that useful quantum computers could very well be decades away.

Trapped-ion quantum computing leader IonQ (NYSE: IONQ) is emerging as a potential leader in the commercialization of quantum computing through its trapped-ion technology approach. Unlike traditional superconducting quantum competitors,

The AI boom of 2024 generated massive growth for stocks like Nvidia and Broadcom. One tech sector that looked to be benefiting massively from this was quantum computing. Companies like Rigetti Computing saw their stock surge by several hundred percent

Alphabet recently made breakthroughs with its Willow chip that caused shares of quantum computing stocks Rigetti and D-Wave to soar. Many industry experts estimate useful quantum computing is one or two decades away,

This is precisely what happened with quantum computing stocks in late 2024. Stocks like Rigetti (NASDAQ: RGTI), Quantum Computing (NASDAQ: QUBT), and IonQ (NYSE: IONQ) have shot up hundreds of percentage points in the last six months,

Quantum computing stocks sank on Wednesday, pausing a year-long rally, after Nvidia CEO Jensen Huang said the technology's practical use was likely two decades away.

Many quantum computing stocks have risen well above Wall Street's price targets, but this one still has room to climb.