Core Insights - The article discusses the potential of quantum computing as the next major investment opportunity, likening it to Nvidia's success in the GPU market [1][2] - It highlights three publicly traded quantum companies that are leading the charge in this emerging field: IonQ, Rigetti Computing, and D-Wave Quantum [1][2] Company Summaries IonQ - IonQ is recognized as a leading candidate in the quantum race, achieving a world-record 99.99% 2-qubit gate fidelity, which is crucial for efficient error correction [3] - The company reported third-quarter 2025 revenue of $39.9 million, marking a 222% year-over-year growth, with full-year guidance of $106 million to $110 million [5] - IonQ has a strong cash position of $3.5 billion, enabling strategic acquisitions and talent acquisition, with recent purchases including Vector Atomic and Oxford Ionics [5] Rigetti Computing - Rigetti employs a modular, multichip architecture using superconducting qubits, which is compared to AMD's strategy in the semiconductor industry [6] - The company's Ankaa-3 system has a median 2-qubit gate fidelity of 99.5%, with a focus on speed as superconducting qubits operate in nanoseconds [8] - Rigetti has commercialized its technology through sales to various sectors and has approximately $600 million in cash and investments, supporting its roadmap for larger quantum systems [9] D-Wave Quantum - D-Wave is often misunderstood as merely an annealer but is generating revenue through its specialized quantum computing for optimization problems [10] - The Advantage2 system features over 4,400 annealing qubits and has secured 133 customers, including major corporations [11] - D-Wave is also developing a universal gate-model computer and has a cash position of around $836 million, reducing liquidity risk [12] Investment Perspective - The article suggests that no single qubit architecture is guaranteed to dominate, with trapped ions offering fidelity, superconducting systems providing speed, and annealing systems delivering utility [13] - Investors are encouraged to consider a diversified approach by investing in all three companies to capitalize on the quantum computing trend [13] - The potential market for quantum computing is projected to reach between $45 billion and $131 billion by 2040, indicating significant upside potential despite current unprofitability and high expectations [14]

The quantum computing company's valuation looks excessive when compared to the entire industry.The quantum computing industry is in its early growth days. It'll likely be many years before quantum computers are common. While many tech experts believe there is a lot of potential for them to improve efficiency and productivity, the big question always leads back to when that will actually happen. And that's the biggest unknown at this stage.That also means that for the foreseeable future, companies such as Ri ...

Popular quantum computing stocks Rigetti, IonQ, and D-Wave could face a reckoning next year.The S&P 500 (^GSPC +0.54%) dropped 5% from its high in early November as elevated valuations raised concerns about a stock market bubble, particularly among technology companies involved with artificial intelligence (AI).Admittedly, the entire stock market is expensive by historical standards, meaning AI has probably created a bubble to some extent. However, the size of the bubble is debatable. AI could have a truly ...

Key Takeaways RGTI advances a modular gate-based system with its new 36-qubit chiplet design and higher fidelities.QBTS focuses on annealing and hybrid solvers aimed at real-world optimization uses available today.QBTS posts rising bookings and revenue, while RGTI leans on contracts and a multi-year cash runway.Quantum computing continues to attract outsized attention because it sits at the intersection of breakthrough science and massive commercial potential. The technology is still early, but the promise ...

Core Insights - The article discusses the potential bubble in quantum computing stocks, highlighting that while the technology is promising, it is still years away from significant practical applications [1][10][17] Industry Overview - Quantum computing is expected to create substantial economic value, estimated between $450 billion to $850 billion by 2040, indicating a wide range of potential beneficiaries [3] - The early-stage commercialization of quantum computing has generated investor excitement, with major companies like Amazon and Microsoft providing access to quantum computing services [5][12] Company Performance - Quantum computing stocks such as IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. have seen significant price increases, with some stocks rallying by as much as 829% over the past year [2][6] - Projected sales growth for these companies from 2025 to 2027 includes IonQ increasing from $108 million to $315 million, Rigetti from $8 million to $48 million, D-Wave from $25 million to $74 million, and Quantum Computing Inc. from $1 million to $10 million [7][6] Market Dynamics - The article suggests that the quantum computing bubble may burst in 2026, as historical trends indicate that investor expectations often exceed the actual adoption and utility of new technologies [8][9] - The first-mover advantage of current quantum computing companies is at risk due to competition from major tech firms like Alphabet and Microsoft, which are also investing heavily in quantum technologies [13][14] Valuation Concerns - Current valuations of quantum computing stocks suggest a high probability of a bubble, with price-to-sales ratios for these companies projected to exceed historical peaks associated with previous technology bubbles [16]

Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 12, David Williams, a Benchmark analyst, assigned a “Buy” rating to the company’s stock, with a price objective of $40. While the analyst remains constructive on progress, mainly its chiplet-based architecture and roadmap execution, he believes that the recent volatility throughout emerging tech and AI sectors impacted near-term investor enthusiasm for shares in the quantum industry. Bench ...

Core Insights - Quantum computing is transitioning from research to early commercial traction, with IonQ and Rigetti Computing as key players in this shift [1][2] Group 1: IonQ Overview - Technical momentum includes achieving the AQ 64 performance milestone on Tempo ahead of schedule and a world-record 99.99% two-qubit gate fidelity, indicating a focus on qubit quality and algorithmic usefulness [3] - Commercial progress is highlighted by Q3 2025 revenues of $39.9 million, a 222% year-over-year increase, attributed to growth in computing and networking, sensing, and cybersecurity products [4] - The balance sheet is strengthened by a $2.0 billion equity offering, resulting in a pro-forma cash position of approximately $3.5 billion with no debt, supporting an aggressive multiyear product roadmap [5][16] Group 2: Rigetti Overview - Rigetti's roadmap includes plans for a 100+ qubit chiplet-based system with 99.5% median two-qubit gate fidelity by end-2025, aiming for a 1,000+ qubit system by end-2027 [8] - Early commercial traction includes securing two purchase orders totaling $5.7 million for its 9-qubit Novera systems and a $5.8 million contract with the Air Force Research Laboratory, indicating growing interest in quantum hardware [9] - Despite revenue softness, Rigetti's stock performance surged 69.4% over three months, outperforming IonQ and the S&P 500 [10][17] Group 3: Financial Estimates - Earnings estimates for IonQ have declined significantly, with a projected loss of $5.14 per share for 2025, reflecting a 229.5% decline from the previous year [11] - Rigetti's earnings estimates also fell, with a projected loss of $0.68 per share for 2025, indicating an 88.9% decline from the prior year [15] Group 4: Comparative Analysis - IonQ is positioned with stronger revenue momentum and a fortified balance sheet, while Rigetti shows operational leverage and favorable earnings revisions [16][17] - IonQ is likely to maintain a comparative advantage in financial strength and commercial visibility, whereas Rigetti may offer higher-beta upside if it meets technical milestones [18]

Key Takeaways RGTI Q3 revenue declined due to the lapse of NQI funding that slowed federal purchasing.The reinstated $625M NQI program is expected to lift demand as labs and agencies re-engage.A new Air Force contract and Novera system orders support RGTI's strengthening government pipeline.Rigetti Computing (RGTI) is leaning heavily on government partnerships as a core piece of its commercialization path, and the timing could work in its favor. Per the third-quarter earnings call, management was explicit t ...

Key Points Quantum computing currently has limited practical applications and is prone to error. IonQ, Rigetti, and D-Wave are unprofitable, and their expenses are rising. Buying these stocks now means you're paying a premium for an unproven market. 10 stocks we like better than IonQ › Quantum computing has quickly become one of the most popular technologies to invest in after artificial intelligence. Just take a look at the share price gains of some of the biggest names in the industry -- IonQ ( ...

For Immediate ReleasesChicago, IL – November 24, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog includeIonQ (IONQ) , D-Wave Quantum (QBTS) , Rigetti Computing (RGTI) and Honeywell’s (HON) .Here are highlights from Monday’s Analyst Blog:Investing in Quantum's Next Wave: IONQ, QBTS RGTI Positioned to WinQuantum computing s ...