Nobel Prize-winning physicist John Martinis expressed concern in a Bloomberg interview that China has rapidly advanced in quantum computing. He mentioned the White House’s focus on quantum as the next strategic area. Shares of IonQ Inc rose 12.5%, aligning with Martinis’s warning of China’s progress in the quantum race.

Rumors of the Trump administration considering investments in quantum computing companies led to a rally in quantum stocks in September. Despite the fade, Martinis’s recent interview reignited hopes for government support. He emphasized China’s swift progress in the quantum race, expressing concern about the U.S. falling behind.

Martinis highlighted the White House’s shift from AI to quantum computing. While direct investments may occur, speculation surrounds potential targets like IonQ. The industry’s future growth remains uncertain due to the research-focused nature of quantum computing and IonQ’s different technology compared to Martinis’s research.

The Motley Fool Stock Advisor team identified 10 top stocks for investors to buy, excluding IonQ. Highlighting past successes like Netflix and Nvidia, the team suggests opportunities for substantial returns in the coming years. Investors are urged to consider these options before investing in IonQ or other pure-play quantum companies.

Read more at Yahoo Finance: Why IonQ Stock Jumped 12.5% Today