$Rigetti Computing(RGTI)$ $Quantum Computing Inc.(QUBT)$ $D-Wave Quantum Inc.(QBTS)$ $IONQ Inc.(IONQ)$ The Four Horsemen of the Quantum Apocalypse just delivered the fastest sector wipeout since March 2020.
๐ฉธ $RGTI โ 54% ($58 โ $26) ๐ฉธ $QUBT โ 53% ($27 โ $10) ๐ฉธ $QBTS โ 42% ($47 โ $24) ๐ฉธ $IONQ โ 44% ($85 โ $46)
Average drawdown: โ48.25% in under 4 weeks. Thatโs not a correction. Thatโs a capitulation.
The fundamentals were always insane:
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200โ900x forward sales
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Negative gross margins in some cases
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Quarterly cash burn $25Mโ$80M each
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Useful, fault-tolerant machines still 15โ30 years out (Oxford, MIT, Google Quantum AI estimates)
This was never investing. This was 2021 meme-stock energy wearing a lab coat.
The trigger? Reality showed up. No revenue inflection, no error-correction breakthrough, no surprise DoD contracts big enough to justify $20B+ combined valuations. Just dilution, lock-up expirations, and insiders quietly hitting the bid.
Exactly like dot-com era: Pets.com had $300M revenue run-rate โ $3B valuation โ zero. These companies have $2โ$15M revenue โ were priced at $5โ$18B โ now evaporating.
Difference this time? The crash is happening while the tech still works in principle โ itโs just three decades early.
Most dangerous words in investing: โThis time itโs different because itโs quantum.โ
Itโs not different. Valuation gravity always wins.
If you bought the top, condolences. If youโre short or in cash โ congratulations, you just lived through the fastest $30 billion wealth transfer of 2025.
The quantum revolution is still coming. But the stocks? They just went back to 2023 levels in 29 days.
Welcome to Quantum Winter 2.0 ๐งโ๏ธ๐ชฆ
Whoโs still holding the bag? Drop your horror stories below ๐
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๐ Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
๐@Daily_Discussion @Tiger_comments @TigerStars @TigerEvents @TigerWire @CaptainTiger @MillionaireTiger
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