Investing Insights Beyond AI: Are Quantum Stocks the Next Big Thing in Tech Investing?
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Jan 16, 2026 In this discussion, guest Dan Romanoff, a Senior equity research analyst at Morningstar who specializes in emerging technologies, dives into the quantum computing landscape. He explains the surge in quantum stocks fueled by major tech announcements but warns that mainstream adoption is still far off. Dan contrasts quantum technology's long timeline with AI's immediate demand and discusses the potential $200 billion market. He advises investors to focus on established tech giants for exposure while being cautious about pure-play quantum stocks.
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Why Quantum Computing Is Different
- Quantum computing uses qubits with superposition and entanglement to evaluate many possible outcomes simultaneously.
- That capability can produce exponential speedups over classical computers for certain problems.
How Big Tech Sparked The Hype
- Momentum spiked after Google, Amazon, and Microsoft unveiled notable quantum chips and demonstrations.
- That led retail and meme-style enthusiasm that propelled several small quantum stocks higher.
Current Technical Limits Matter
- Quantum machines exist today but face major engineering limits like short qubit coherence and high error rates.
- Current fidelity (~99.9%) remains far from the near-zero error rates needed for broad, reliable use.