Not IonQ. Not D-Wave. This Magnificent Quantum Computing Stock Is the One to Own for the Long Haul.
2026-10-09 14:30
•Adam Spatacco •The Motley Fool
•••••• •••••• Axe Cap view
Alphabet Edges Ahead in Quantum Computing Race
While pure-play quantum firms struggle, Alphabet’s integration of quantum tech with AI and cloud makes it the standout long-term bet.
Quantum computing hype is tempting investors to chase IonQ and D-Wave—both show rapid revenue growth but burn cash heavily and face dilution risks. Their unproven business models and constant need for capital make them the riskier plays. Alphabet, by contrast, quietly leads quantum progress with breakthroughs like its Willow chip. It’s not just about quantum hardware; Alphabet leverages its vast AI ecosystem and cloud infrastructure to fold quantum innovation into real-world applications. For South African investors, the direct JSE equivalent is absent. But Alphabet’s steady footing offers a safer proxy for tech exposure than speculative quantum-only names. The rand’s (USD/ZAR) fluctuations might make global tech stocks pricier or cheaper, but with Alphabet’s established profits and reasonable valuation, the upside feels solid. That said, quantum breakthroughs could take longer than expected, or competitors might leapfrog, so patience is key. this is just our opinion and not financial advice
Hold off on speculative quantum plays like IonQ and D-Wave. Instead, consider global tech exposure through Alphabet to gain indirect quantum upside, monitoring rand strength to time entries.
- GOOG
- USD/ZAR
- Quantum computing breakthroughs take longer or fail to scale commercially
- Rand weakness increasing cost of offshore tech investments
6/10
While IonQ and D-Wave are making technological progress in quantum computing, both remain unprofitable with unproven business models and face substantial dilution risks. Alphabet is presented as the superior long-term quantum computing investment, leveraging its existing AI ecosystem, cloud infrastructure, and proven business model to integrate quantum computing opportunities without relying solely on the technology's success.
Our take is based on reporting first published by The Motley Fool.