Citron Research, led by Andrew Left, is doubling down on its quantum computing pick, noting that it has successfully transitioned from being a conceptual science project to a commercial reality.This Is No Longer ‘A Science Project’On Monday, in a post on X, Left reiterated his bullish stance on Infleqtion (NASDAQ:CCCX) , a neutral atom quantum technology company, citing its collaboration with French aeronautics giant, Safran SA, for GPS-independent timing solutions for “mission-critical systems.”Left said I ...

Core Insights - Quantum computing stocks gained significant attention in 2025, with Rigetti Computing set to outperform IonQ, achieving a year-to-date gain of nearly 50% compared to IonQ's 15% [1] Company Analysis: IonQ - IonQ's potential advantage lies in its trapped-ion technology, utilizing actual ytterbium and barium atoms, which are more stable and can lead to fewer errors in quantum computing [4] - The company aims to build a comprehensive quantum computing ecosystem, similar to Nvidia's approach in AI infrastructure, by making aggressive acquisitions in quantum sensing, interconnect, satellite, and semiconductor technology [5] - IonQ has a strong financial position with a significant cash reserve to fund research and development, and its revenue grew over 200% in Q3, reaching nearly $40 million [6] Company Analysis: Rigetti Computing - Rigetti's technology is noted for being faster than IonQ's but is also more error-prone, indicating a trade-off between speed and reliability in their quantum computing solutions [7]

Group 1 - Pure-play quantum computing stocks gained significant attention from Wall Street in 2025 as major financial institutions initiated coverage on several companies [1] - Heading into 2026, IonQ (IONQ) and D-Wave Quantum (QBTS) received the most buy ratings and the highest average price targets from Wall Street analysts [1] - Rigetti Computing (RGTI) is receiving mixed reviews from analysts, indicating a less favorable outlook compared to its peers [1]

Core Insights - The quantum computing investment landscape has experienced significant volatility, with stocks initially selling off in early 2025 but later showing upward momentum before declining again in October due to reduced market risk appetite [2][16] - IonQ and Rigetti Computing have both seen substantial declines from their October highs, with IonQ down approximately 43% and Rigetti down about 60% [3] - The success of quantum computing stocks in 2026 will largely depend on the market's risk appetite rather than the companies' actual technological advancements [15][16] Company Analysis - IonQ utilizes trapped ion qubits, which offer high fidelity and accuracy, achieving a notable 99.99% two-qubit gate fidelity, significantly surpassing competitors using superconducting qubits [9][7] - Rigetti Computing employs superconducting qubits but has struggled to close the gap with IonQ, facing challenges in securing research contracts that are crucial for long-term viability [11][12] - IonQ's leadership in the trapped ion approach positions it favorably, but it must establish a strong market foothold before competitors potentially catch up in accuracy and speed [10][17] Market Dynamics - The Quantum Benchmarking Initiative by DARPA aims to identify quantum technologies that can operate cost-effectively at a commercial scale, with IonQ selected for Stage B while Rigetti was not [12][14] - The current market for quantum computers is limited, primarily consisting of research contracts, which makes winning these contracts essential for companies like IonQ and Rigetti [11] - The volatility of quantum computing stocks is influenced by broader market conditions, with speculative valuations making them sensitive to shifts in investor sentiment [15][16]

Core Insights - Wedbush predicts a significant rise in technology stocks, with an expected increase of over 20% by 2026, driven by advancements in artificial intelligence [1][2] Group 1: AI and Technology Predictions - The second, third, and fourth derivative applications of artificial intelligence will take shape in software, chips, and infrastructure, contributing to the anticipated rise in tech stocks [2] - Apple and Google are set to formalize their AI partnership around the Gemini project, which is expected to bolster Apple's AI strategy and help achieve a market valuation of $5 trillion by 2026 [2][3] - Microsoft is projected to experience its best growth period by 2026, becoming the top-performing cloud software company as more enterprises accelerate their AI strategies using Azure [3][4] Group 2: Company-Specific Forecasts - Tesla is expected to successfully launch autonomous taxis in over 30 cities by 2026, with a base stock price target of $600 and an optimistic target of $800 [2] - Crowdstrike and Palo Alto Networks are highlighted as top picks in the cybersecurity sector, which is anticipated to see mergers and acquisitions [3] - Oracle is expected to reach a stock price target of $250 by 2026, despite current market pessimism [3] - Nvidia remains a leader in the AI chip sector, with an optimistic stock price target of $275 by 2026, as it expands its market in China [4] - Palantir Technologies is expected to become a key player in the AI revolution with its AI platform, aiming for a valuation of $1 trillion within the next 2 to 3 years [4] Group 3: Acquisition and Investment Opportunities - Nebius is identified as a potential acquisition target for a major data center by 2026, with Microsoft, Alphabet, and Amazon as possible buyers [2] - Quantum technology companies like IonQ and Rigetti Computing are seen as candidates for investment due to their national security implications [3]

Dan Ives领导的分析师团队称："展望2026年，科技界和投资者对人工智能革命既兴奋又担忧。一方 面，这是正在形成的第四次工业革命……另一方面，要达到企业/消费者人工智能革命的顶峰，需要数 万亿美元的投入，这让投资者感到不安和怀疑。" 智通财经APP获悉，Wedbush重点介绍了其对 2026 年的十大科技投资预测，其中包括科技股在 2026 年 上涨超过 20%，以及苹果(AAPL.US)和 Alphabet (GOOGL.US)旗下的谷歌宣布围绕Gemini建立正式的人 工智能合作伙伴关系。 分析师认为双方可能同时都有道理，这"最终表明 2026 年是人工智能革命建设的转折点之年"。 Wedbush对2026年十大科技趋势的预测： 1、分析师表示，随着人工智能革命的第二、第三、第四个衍生应用在软件/芯片/基础设施领域逐渐成 形，科技股在 2026 年将上涨超过 20%。 2、分析师补充道，特斯拉(TSLA.US)将于2026年在超过30个城市成功推出无人驾驶出租车，并开始大 规模生产智能网约车，从而开启埃隆·马斯克及其公司真正的自动驾驶时代。Wedbush指出，其对特斯拉 的基本预期股价为600美元， ...

Since my last coverage , Rigetti Computing ( RGTI ) has made a strong move from $22 to $56, then retraced to ~$23 amid a broad risk-off liquidation across high-duration assets, not a deterioration in Rigetti’s roadmap or balance sheet. Now that the stock hasHi, I'm Yiannis. Spotting winners before they break out is what I do best.Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fellow Member of ACCA Global, with BSc a ...

Core Thesis - Rigetti Computing, Inc. (RGTI) is facing significant near-term downside due to forced selling pressure from multiple ETF rebalances occurring on December 19th, which includes a $30 million liquidation of RGTI shares from the Defiance Quantum ETF (QTUM) [2][4] Company Fundamentals - RGTI has a market capitalization of $10 billion but generated less than $2 million in revenue last quarter while burning through $43.6 million in cash over nine months, primarily funded through retail share sales [4] - The company has not seen any insider purchases since June 2022, with recent insider sales occurring as recently as December 10th, and the CEO holding no shares, indicating a lack of confidence in the company's future [3][4] Market Dynamics - The convergence of ETF-driven selling, ongoing insider exits, and weak operational performance creates a high-risk environment for existing shareholders, suggesting a potential sharp market correction for RGTI [4][5] - The stock has experienced a run-up over the quarter despite negative earnings and an unreasonably high price relative to its fundamentals, making it particularly vulnerable to the upcoming selling pressure [3][4]

Core Insights - Quantum computing stocks have recently experienced a decline, with Rigetti Computing (RGTI) down approximately 6%, D-Wave Quantum (QBTS) down 7%, IonQ (IONQ) down 8%, and Quantum Computing (QUBT) down 9%, amid concerns over an AI bubble [1][6] - Analysts at Wedbush have initiated coverage on these stocks with "outperform" ratings, viewing quantum computing as a transformational technology with significant growth potential in the coming years [2][3] - By the end of the decade, quantum computing companies are expected to represent a larger share of total computing expenditure, despite currently being a small segment [3] Market Significance - Quantum computing stocks have benefited from the AI boom, with expectations that rising AI demand will increase computing needs [4] - Wedbush analysts have set a target price of $60 for IonQ, indicating nearly 30% upside, a $12 target for Quantum Computing suggesting a 16% gain, and $35 targets for Rigetti and D-Wave, implying they could add roughly half their value in the next 12 months [4] - Despite recent declines, D-Wave shares have nearly tripled in value this year, Rigetti has increased by close to 50%, and IonQ has added 10%, while Quantum Computing is down nearly 40% year-to-date [5]

Industry Overview - Quantum computing is transitioning from speculative research and development to commercial pathways, with significant market growth expected by 2025 and beyond [1][2] - The quantum computing market is projected to grow from approximately $3.52 billion in 2025 to $20.2 billion by 2030, reflecting a compound annual growth rate (CAGR) of 41.8% [1] - By 2035, the combined market for quantum computing, communication, and sensing could reach around $97 billion under current scenarios [1] Federal Investment and Support - The U.S. Department of Energy announced $625 million in funding to renew five National Quantum Information Science Research Centers, supporting advancements in quantum technology [4] - This funding is part of the National Quantum Initiative framework, aimed at fostering collaboration among national labs, universities, and industry to accelerate innovation [4][5] Monetary Policy Impact - The U.S. Federal Reserve cut the target federal funds rate to 3.50%–3.75%, marking a shift towards a more neutral monetary policy, which is expected to support longer investment horizons in deep-tech development [6][7] - Easing financial conditions are anticipated to facilitate the transition of quantum hardware programs from R&D to early commercialization [7] Company-Specific Insights IonQ (IONQ) - IonQ achieved a significant milestone in October 2025 with two-qubit gate fidelities above 99.99%, enhancing its commercial viability [8][9] - The company is expected to see earnings growth of 66.2% in 2026, with revenue growth projected at 68.9% [10] - IonQ's average price target suggests a potential increase of 61.9% from its last closing price of $46.07 [10] Rigetti Computing (RGTI) - Rigetti plans to deploy a 150-qubit system by the end of 2026, following the delivery of a 100-qubit system in 2025, with a median two-qubit gate fidelity of 99.7% [13] - The company is expected to experience earnings growth of 75.9% in 2026, with revenue growth of 185.6% [14] - Rigetti's average price target indicates a potential increase of 65.8% from its last closing price of $23.53 [14] Quantum Computing Inc. (QUBT) - QUBT faces challenges with widening losses and minimal revenues, making it less attractive heading into 2026 [3][16] - The company is expected to report no earnings growth in 2026 and relies heavily on capital market activity for funding [17]