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Quantum IPO wave is a milestone. It should also come with a warning (www.scmp.com)

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A surge in stock offerings by quantum computing firms suggests 2026 could be a breakout year for technologies still in their early stages of commercial viability. Investor exuberance is soaring as governments and industry anticipate significant milestones that could transform global power structures, as artificial intelligence is doing. China’s dual-core quantum computer, the world’s first, is the kind of breakthrough that sustains optimism. Yet the timing – or even the trajectory – remains...

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