D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?

Summary

As quantum computing investors eagerly await the latest updates from leading firms in the industry that will come with the second-quarter earnings release period in August, the threat of emerging names is real. D-Wave Quantum Today$17.08 -0.27 (-1.56%) As of 02:08 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$12.75▼$46.75Price Target$36.80This is particularly the case given that some of those top pure-play quantum names have faced punishing share-price pullbacks that have remained stubborn throughout the summer. D-Wave Quantum Inc. NYSE: QBTS is one of those firms, with returns totaling over -32% year to date (YTD) and a fairly steady downward trajectory since early June.Get D-Wave Quantum alerts:Sign Up The latest earnings updates may provide some clarity on which companies could be best positioned to turn their shares around. But a bigger question on some investors' minds may be whether the quantum industry has developed to a sufficient degree to warrant individual investments in companies at this stage—after all, many firms are either pre-profit or have minuscule top and bottom lines relative to their valuations—or whether a broader approach to the space may be a better bet for now. The Case for Quantum ETFs at This StageA handful of individual quantum companies have begun to distinguish themselves from the broader pack, but perhaps not so much as to clearly identify a leader. All firms continue to wrestle with commercializing their products on a large scale, converting technological advances into products that address common, real-world needs, and expanding their customer bases. With this in mind, a safer bet than taking a chance on one or more specific companies might be to target exchange-traded funds (ETFs) tracking the quantum space. Investors should beware, though, that some of these funds have a broader tech focus, so finding a true quantum ETF may take some looking. WisdomTree Quantum Computing Fund TodayWQTMWi...