Quantum computing is surging, with the Defiance Quantum ETF (NASDAQ: QTUM) up 40% year to date. However, IonQ (NYSE: IONQ) stock has plummeted by one-third since mid-October, now trading at $52. IonQ’s revenue has grown to nearly $80 million, but losses have ballooned to almost $1.5 billion over the last 12 months.

IonQ’s financial woes cast doubt on its viability as an investment. While boasting impressive technology, the company is burning through nearly $260 million annually and is not expected to turn profitable until at least 2030. Google’s Alphabet (NASDAQ: GOOG, GOOGL) may be a better quantum stock, with ample cash reserves for long-term quantum research.

Alphabet’s Willow quantum chip is making strides, with the potential to revolutionize quantum computing. With nearly $100 billion in cash and $73.5 billion in annual free cash flow, Alphabet is well-positioned to lead the quantum race. Investors should consider the Motley Fool’s top 10 stock picks for potential high returns, excluding IonQ from the list.

Read more at Nasdaq.: Forget IonQ: This Quantum Computing Stock Is a Better Buy