Rigetti Computing and IonQ use different approaches to quantum computing. Both companies have adequate cash levels to fund current operations. Of these two, is one a more attractive stock to buy? Although quantum computing is still a few years away from being widely used commercially,

US quantum computing company IonQ has agreed to buy UK startup Oxford Ionics in a $1.08 billion deal that highlights increasing commercial confidence in what has largely been an experimental field of computing.

IonQ will acquire its British peer Oxford Ionics for $1.08 billion, the companies said on Monday, helping the U.S.-based quantum computing firm deepen its research expertise in the complex technology that is seeing booming investor interest.