Alpha Talon Investment Research

Alpha Talon Investment Research

Quantum Dreams vs. Commercial Reality: My Reflection and Thoughts on Public Quantum Computing Firms

Why Market Euphoria Can Drive Current Public QC Companies Higher—Even When True Progress and Commercialization Remains Forever Out of Reach

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AT Investment Research
Oct 15, 2025
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After spending considerable time evaluating and short-selling the quantum computing space, companies like IonQ, Rigetti, D-wave Quantum, Quantum Computing Inc. and the latest addition CCCX (they will merge with Infleqtion through SPAC), I have found myself stepping back to reflect on the reality behind the hype. This is my reflection:

I will admit that m…

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