Core Viewpoint - The article discusses the current excitement around quantum computing, highlighting that while niche players like D-Wave Quantum Inc. have seen significant stock price increases, established tech leaders like Alphabet may be better positioned for long-term success in this emerging technology [1][2]. Group 1: D-Wave Quantum Inc. - D-Wave's share price has surged over 433% in the past year, but has recently pulled back due to investor concerns about speculative investments [2]. - The company reported only $3.7 million in sales for the third quarter, with net losses widening from $0.11 to $0.41 per share, indicating a challenging financial position [5]. - D-Wave's price-to-sales ratio stands at 325, significantly higher than the tech sector average of 9, suggesting that the stock is priced for perfection and may face investor abandonment if it fails to deliver rapid sales growth [6]. Group 2: Alphabet Inc. - Alphabet is highlighted as a more stable investment in the quantum computing space, with $2.87 per share in earnings, $102 billion in revenue, and $24.4 billion in free cash flow reported in the third quarter [9]. - The company has made significant advancements in quantum computing, including the release of the Willow processor and the development of the "Quantum Echoes" algorithm, which operates 13,000 times faster than the most powerful supercomputer [8]. - Alphabet's profitability and cash resources allow it to invest in quantum computing while also benefiting from its leadership in artificial intelligence, advertising, and software during the potentially lengthy timeline for quantum computing applications [10].