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]

Key Points Quantum computing has been a top investing theme this year. Rigetti's market cap hit more than $18 billion on investor enthusiasm. However, the stock has pulled back sharply and trading volumes have declined. 10 stocks we like better than Rigetti Computing › When there's a pullback in price for a top-performing stock, it can potentially make for a lucrative buying opportunity. In other cases, however, it can simply be overdue for a stock that's become significantly overvalued. It may ...

Industry Overview - The quantum computing industry is currently generating $1 billion in revenue, with projections indicating potential growth to $198 billion by 2040 according to Jefferies [1][2] - Mizuho Securities also predicts significant growth in the quantum computing sector, estimating the market could reach $205 billion by 2035, likening it to the early GPU era [4] Company Ratings - Jefferies has initiated coverage on three companies in the quantum industry: D-Wave Quantum (NYSE:QBTS) and IonQ (NYSE:IONQ) both rated as Buy, and Rigetti Computing (NASDAQ:RGTI) rated as Hold [3] - The industry is supported by investments from governments and major tech companies, including Alphabet Inc. and IBM [3] Financial Performance - D-Wave Quantum reported Q3 results showing 100% revenue growth to $3.8 million, with a GAAP gross profit increase of 156% to $2.7 million and a gross margin of 71.4% [6] - IonQ reported Q4 revenue of $39.9 million, exceeding analyst estimates by 47.8%, and raised its full-year 2025 revenue guidance to $106–110 million, surpassing previous estimates [6] Stock Performance - Year-to-date, D-Wave Quantum's stock surged by 165.56%, while IonQ's stock increased by 15.24% [7]

As its name implies, the P/S ratio divides a company's market cap by its trailing 12-month sales. Although a lower P/S ratio typically aligns with a stock being more fundamentally attractive, other factors, such as growth rate, can move the pendulum.But neither of these valuation tools works well for early stage businesses that are expected to grow rapidly but are currently operating at a loss. Without positive EPS, both metrics lack utility. Thus enters the price-to-sales (P/S) ratio, stage left.When most ...

Core Insights - Rigetti Computing (RGTI) is strategically positioning itself at the intersection of quantum hardware, AI supercomputing, and public-private research ecosystems, focusing on hybrid computing environments [1] - The support for NVIDIA's NVQLink platform is a significant advancement, facilitating low-latency, high-throughput integration between quantum processors and AI supercomputers, which is crucial for near-term quantum utility [1] - RGTI is enhancing its academic and government collaborations to bolster R&D and workforce development, with Michigan State University hosting its first on-premises quantum computer [2] - The company has signed an MOU with India's C-DAC to co-develop hybrid quantum computing systems, expanding its global footprint and aligning product development with real research and enterprise use cases [2] - RGTI's roadmap includes deploying a 150+ qubit system by late 2026 and a 1,000+ qubit system by 2027, targeting high fidelity rates [3] Industry Updates - IonQ has expanded its partnerships, including deploying Slovakia's first national quantum communication network and entering a partnership with CCRM to accelerate quantum applications in regenerative medicine [4] - D-Wave Quantum is building momentum through application-led partnerships with various commercial and research customers, focusing on near-term utility and practical quantum applications [5] Financial Performance - RGTI shares have increased by 105% over the last six months, contrasting with a 4.5% decline in the industry [6] - The company trades at a price-to-book ratio of 20.59, which is above the industry average, and carries a Value Score of F [9] - The Zacks Consensus Estimate for Rigetti's 2025 earnings indicates a significant 88.9% decline from the previous year [10]