Investing is sometimes about weighing the potential reward versus the risks involved. Sure, IonQ could become a powerhouse in quantum computing. The issue is that the stock is already valued as if it's a given when it's not. If things don't work out as investors hope, the stock has an immense downside from its current price.

Most of the water cooler discussion these days among investors discussing the highest-flying stocks continues to be around artificial intelligence stocks, or companies leveraging such technology for growth.

IonQ raises $372M through equity offering to secure $700M pro-forma cash balance for 2024, despite market turbulence.

Rigetti Computing (NASDAQ:RGTI) has been at the forefront of quantum innovation, striving to make the technology commercially viable. Even as

Quantum computing stocks delivered explosive gains until the start of the year. Investors invested in them as the AI rally pushed most tech-related stocks to record highs, and quantum computing was seen as the next big beneficiary of AI.

Rigetti Computing (NASDAQ: RGTI) stock has been on a tear in recent months. Six months ago, the stock was trading at a price of under $1. Now, it is up close to 850%, making it one of the best-performing stocks in the world over the last few quarters.

IonQ faces market headwinds with high beta vulnerability, unsustainable valuations, and limited cash runway despite revenue growth. Click to read why IONQ is a Strong Sell.