3 Russell 2000 Tech Stocks That Skyrocketed 1,000% Or More In 2024: Analysts Say They're Just Getting Started

Group 1: Quantum Computing Industry - Quantum computing is transitioning from a buzzword to a significant business sector, with Rigetti Computing Inc leading the way through its Quantum Cloud Services platform and innovative quantum processors [3][4] - Rigetti's business model is likened to an early-stage Nvidia, positioning it as a foundational player in quantum computing, with a strong cash position that supports further innovation [4] - D-Wave Quantum Inc is also making strides with its Quantum Computing as a Service model, focusing on real-world applications such as supply chain optimization and drug discovery, which has attracted investor interest [14][15] Group 2: Company Performance and Growth - Rigetti Computing has achieved a year-to-date gain of 1,578%, reflecting strong market confidence in its potential [12] - D-Wave Quantum has seen a year-to-date gain of 1,107%, driven by its focus on practical applications of quantum technology [14] - SoundHound AI Inc has experienced a remarkable year-to-date gain of 1,064%, with a 89% revenue increase in Q3 2024, attributed to strategic partnerships that enhance customer interactions [7][9]