Quantum computing is hot right now. Shares of pure play quantum computing stocks have been soaring, and the hype train has clearly left the station. Investors should know, however, that quantum computers have never been used to solve a real-world problem faster than a traditional computer and that useful quantum computers could very well be decades away.

Quantum computing has the potential of being the next big innovation. At the right size and the right price, it might even be investable.

Trapped-ion quantum computing leader IonQ (NYSE: IONQ) is emerging as a potential leader in the commercialization of quantum computing through its trapped-ion technology approach. Unlike traditional superconducting quantum competitors,

Alphabet recently made breakthroughs with its Willow chip that caused shares of quantum computing stocks Rigetti and D-Wave to soar. Many industry experts estimate useful quantum computing is one or two decades away,