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Quantum Stocks Soar Amid Hype, Caution Urged

1/23/2026

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Summary

Story summary

Quantum computing stocks surged after Google's December 2024 Willow chip announcement, driven by retail investors.
The sector has minimal revenue and faces concerns of a bubble, with Quantinuum ahead in hardware development.
McKinsey projects quantum computing could add $1.3 trillion by 2035.
Scott Aaronson argues that stock gains reflect marketing rather than technology.
Investors are cautioned against speculative buying as the technology may take years to become truly disruptive.

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Story summary

Quantum computing stocks surged after Google's December 2024 Willow chip announcement, driven by retail investors.
The sector has minimal revenue and faces concerns of a bubble, with Quantinuum ahead in hardware development.
McKinsey projects quantum computing could add $1.3 trillion by 2035.
Scott Aaronson argues that stock gains reflect marketing rather than technology.
Investors are cautioned against speculative buying as the technology may take years to become truly disruptive.