Industry Overview - Quantum computing is an emerging investment sector with competition from both tech giants and start-ups, but monetization is still a few years away [1] - The current investment climate presents a solid opportunity for investors to enter the quantum computing market, particularly if they choose the right companies [2] Company Analysis: Alphabet - Alphabet, the parent company of Google, is heavily investing in quantum computing research, highlighted by the development of its Willow chip, which solved complex problems efficiently [4] - Successful quantum computing technologies could significantly enhance Alphabet's AI capabilities, potentially leading to increased cash flows in its core business [5] - Despite its innovations, Alphabet is undervalued in the market, trading at 18.5 times forward earnings, indicating that investors are primarily focused on its Google Search business rather than its quantum computing potential [6][8] Company Analysis: IonQ - IonQ represents a more aggressive investment in quantum computing, relying solely on contracts for revenue, with high risks associated with its business model [9][10] - The CEO of IonQ projects profitability and nearly $1 billion in annual sales by 2030, indicating a potential for significant returns if the timeline is met [11] - IonQ's unique approach, including partnerships with the U.S. Air Force Research Laboratory and its all-to-all qubit connectivity, positions it as a strong contender among start-ups [12] Investment Strategy - A recommended investment strategy involves significant exposure to Alphabet for its higher success probability, while maintaining a smaller investment in IonQ as a high-risk, high-reward opportunity [13]

Group 1 - Quantum eMotion Corp. has amended its stock option plan to increase the maximum number of common shares reserved for issuance from 15,000,000 to 24,750,000, which was approved by the Board and ratified by shareholders [1] - The amendment aims to clarify certain terms of the stock option plan and ensure compliance with TSX Venture Exchange policies [1] - The company is focused on developing quantum-secure technologies, particularly in the field of cybersecurity [2] Group 2 - Quantum eMotion targets high-value sectors including Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security Infrastructure, Classified Government Networks, and Secure Device Keying [3] - The company utilizes a patented Quantum Random Number Generator to enhance security for connected devices, leveraging the unpredictability of quantum mechanics [2]

Core Viewpoint - Quantum computing stocks experienced significant activity, highlighted by a successful stock offering and positive analyst coverage across several companies in the sector [1] Group 1: D-Wave Quantum (QBTS) - D-Wave Quantum, Inc. completed a $400 million common stock offering at an average price of $15.18 per share [2] - Analyst Troy Jensen from Cantor Fitzgerald initiated coverage with an Overweight rating and a $20 price target, indicating optimism about the company's future [2][3] - Jensen believes D-Wave is in the early stages of commercializing its technology and could capture 15% of the quantum hardware, software, and services market by 2035 [3] Group 2: Rigetti Computing (RGTI) - Rigetti Computing, Inc. also received an Overweight rating from Cantor Fitzgerald, with a bullish price target of $15 [4] - The company's share price has surged approximately 1,008% over the past 52 weeks, recovering from challenging years in 2022 and 2023 [4] - Rigetti's partnership with Quanta Computer is expected to enhance the development and commercialization of superconducting quantum computing [5] Group 3: IonQ (IONQ) - IonQ, Inc. shares increased by about 11% this week, receiving a Buy rating and a $45 price forecast from Cantor Fitzgerald [6] - The company reported a strong financial position, ending Q1 2025 with nearly $700 million in cash after a $373 million equity raise [6] Group 4: Quantum Computing, Inc. (QUBT) - Quantum Computing, Inc. received a Neutral rating from Cantor Fitzgerald with a $15 price target, which is below the current stock price of $20 [7] - Despite the Neutral rating, QUBT stock has shown strong performance, gaining 67.5% over the past month and over 4,600% in the past year [7]

Core Insights - D-Wave Quantum Inc. is experiencing significant financial growth, with a 509% year-over-year increase in revenues in Q1 2025, primarily due to a $12.6 million sale of a quantum system to Germany's Julich Supercomputing Center [2][9] - The company has achieved a GAAP gross margin of 92.5% and reduced its adjusted EBITDA loss by 53% year-over-year, indicating improved operational efficiency [3][9] - D-Wave completed a $400 million equity offering at a 149% premium, increasing its cash reserves to approximately $815 million, which provides strategic flexibility for expansion and R&D [4][9] Financial Performance - D-Wave's revenue model is evolving towards a hybrid mix of high-value system sales and recurring subscription-based Quantum Computing-as-a-Service [2] - The company reported its lowest net loss since going public, showcasing meaningful operating leverage as revenues increased [3] Market Position and Growth Strategy - D-Wave's stock has surged 152% over the past three months, outperforming the broader industry and sector [5] - The company is positioned with the strongest balance sheet among publicly traded quantum computing firms, allowing for strategic acquisitions and expansion of cloud services [4] Competitive Landscape - Rivals like Rigetti Computing and IonQ are also pursuing growth strategies, with Rigetti raising $350 million for hardware expansion and IonQ acquiring companies to enhance its quantum capabilities [8][10] - D-Wave's average target price indicates further growth potential, as it is currently trading 8% below the average price target set by analysts [11]

Company Overview - BTQ Technologies Corp. is a global quantum technology company focused on securing mission-critical networks and is accelerating the transition from classical networks to the quantum internet [5] - The company is backed by a broad patent portfolio and delivers a full-stack, neutral-atom quantum computing platform with end-to-end hardware, middleware, and post-quantum security solutions for various sectors including finance, telecommunications, logistics, life sciences, and defense [5] Appointment of Dr. Sean Kwak - Dr. Sean Kwak has been appointed as a Strategic Advisor to BTQ Technologies, bringing extensive experience in applied quantum technology [1][4] - He established Korea's first private quantum research lab at SK Telecom in 2011 and led the development of the country's premier telco quantum-security program [2] - Kwak's previous roles include Executive Vice President at ID Quantique and CEO of Genesis Quantum Inc., focusing on commercializing quantum key distribution technologies [3] Strategic Goals and Contributions - Dr. Kwak's mandate at BTQ includes spearheading market operations in Korea, forming partnerships with leading telecom and defense organizations, and advising on the rollout of post-quantum cryptography and quantum communication products across the Asia-Pacific region [4][8] - His expertise in quantum R&D and commercialization is expected to enhance BTQ's ability to scale current and future products, reinforcing the company's mission to accelerate quantum advantage [4]

This niche quantum computing play could remain a divisive investment.D-Wave Quantum (QBTS 7.96%), an early mover in the quantum computing market, went public by merging with a special purpose acquisition company (SPAC) on Aug. 22, 2022. It started trading at $10, but it sank to a record low of $0.41 on May 12, 2023. At the time, its persistent dilution, steep losses, and sky-high valuation all drove away its investors. Rising interest rates and threats of a potential delisting made its volatile stock even l ...

Core Viewpoint - Quantum Corporation is under investigation for potential violations of federal securities laws and unlawful business practices following its inability to file its Annual Report on Form 10-K for the fiscal year ended March 31, 2025, which led to a decline in its stock price [1][2]. Group 1: Company Disclosure - On June 30, 2025, Quantum announced it could not file its Annual Report on Form 10-K by the due date, indicating a review of its accounting related to certain revenue contracts and the application of standalone selling price under applicable accounting standards [2]. Group 2: Legal Investigation - Bragar Eagel & Squire, P.C. is investigating potential claims against Quantum on behalf of its stockholders, focusing on possible violations of federal securities laws [1]. - The law firm is reaching out to long-term stockholders who may have suffered losses and is encouraging them to participate in the investigation [3].

After substantial sell-offs in yesterday's trading, tech stocks bounded back today as macroeconomic indicators pointed in a generally bullish direction. While ADP's private-sector employment report that there was a net decline of 33,000 jobs in June fell far short of the average economist estimate's call for the addition of 110,000 jobs in the period, the weaker-than-anticipated numbers help support the case that the Federal Reserve will issue an interest rate cut this month. A rate cut could be a powerful ...

Core Viewpoint - Rigetti Computing has experienced a significant stock price increase of over 1,000% in the past year, attracting attention from Wall Street, particularly after Cantor Fitzgerald analyst Troy Jensen initiated coverage with an Overweight rating and a $15 price target [1][2]. Group 1: Market Position and Competitors - Rigetti is competing with major technology firms such as Alphabet Inc, IBM, Intel, and Microsoft, but the presence of these industry leaders is expected to facilitate advancements in quantum capabilities, benefiting Rigetti [3]. - The analyst highlighted that superconducting technology has received the most investment among the primary technologies capable of achieving quantum status [2]. Group 2: Strategic Partnerships - Rigetti's partnership with Quanta Computer is seen as a strategic move to accelerate the development and commercialization of superconducting quantum computing, with both companies committing to invest at least $250 million over five years [4]. - Quanta's investment of $35 million in Rigetti through a stock purchase in April is part of this collaboration, allowing Rigetti to focus on quantum technology while Quanta handles packaging and manufacturing [5]. Group 3: Financial Projections and Market Potential - Jensen projects that Rigetti could capture 15% of the quantum hardware, software, and services market by 2035, translating to a revenue present value of $477 million at a 10% discount rate [6]. - The analyst anticipates second-quarter revenue of $1.8 million and an EPS of $(0.06) for Rigetti [6]. - Despite a 22% year-to-date correction in Rigetti's stock price, this is viewed as an opportunity for investors to accumulate shares [6]. Group 4: Recent Stock Performance - Rigetti's stock price was reported at $12.52, reflecting a 10.4% increase as of the latest check [7].

Core Insights - Rigetti Computing Inc (NASDAQ:RGTI) is experiencing a significant stock surge of 8.3%, reaching $12.27, following Cantor Fitzgerald's initiation of coverage with an "overweight" rating and a price target of $15, highlighting the potential of quantum computing technology as a highly coveted milestone [1] - Despite a strong start in 2024, Rigetti's stock is down 21% year-to-date, with the 100-day moving average providing support and the stock approaching a recent ceiling at $12 [2] - The options market shows a potential shift in sentiment, with a 10-day put/call volume ratio of 1.19 indicating higher bearish sentiment compared to the past year, which could lead to positive momentum for the stock [3] - Call options are currently favored, with 49,000 calls traded, significantly higher than the average intraday volume, and the July 15 call being the most popular [4]