Wall Street’s enthusiasm around quantum computing as the next hot investment theme after artificial intelligence has so far not included IBM. That’s a mistake, Melius Research analyst Ben Reitzes said Wednesday.

Quantum Computing Inc. stock surged 500% last month but has dropped near 50% in two days, raising questions about its long-term value. Read why QUBT is a Sell.

Quantum computing, once a sci-fi fantasy, is rapidly becoming a reality with transformative potential across cryptography,artificial intelligence (AI), drug discovery, and climate modeling. Momentum is surging as the U.