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,

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.

IonQ is also heading toward profitability. IonQ narrowed its first-quarter non-GAAP loss to $0.14 a share from a loss of $0.19 a share a year ago. IonQ has made substantial progress as its unique linear ion chains in quantum computing help it to surpass 100 qubits and reduce errors compared to other quantum computers.