The divergence in AI stocks is just insane. The top three were slashed indiscriminately, with earnings bombshells and layoffs—talk about a heavy blow. Who dares to dream about growth stocks anymore? Yet IonQ skyrocketed 21%, dragging other quantum stocks up with it. $Rigetti Computing(RGTI.US) and $D-Wave Quantum(QBTS.US) both rode the hype.

Hard to tell if this is just a new story being hyped or if only thematic plays can ever rise. $BigBear.ai(BBAI.US) also got a little taste of the tech windfall. In the current market, chasing rallies is scary (fear of getting trapped), but staying on the sidelines makes your fingers itch. All you can do is watch and sigh. How far quantum stocks can go is really hard to say—but this "test of faith" from the top three is truly unbearable.