ZACKSยท2025-06-19 19:01Core Insights - Quantum computing is at a pivotal moment, with NVIDIA's CEO stating it is reaching an "inflection point" and IBM targeting a large-scale quantum computer by 2029 [1][2] Company Summaries IonQ - IonQ achieved a significant milestone with a $22 million sale of 50% compute capacity from its Forte Enterprise system to EPB Chattanooga, marking the first commercial deployment combining quantum networking and computing [6] - The company is pursuing strategic acquisitions, including a $1.1 billion acquisition of Oxford Ionics, and plans to acquire Lightsynq and Capella to enhance its technological capabilities [6][7] - IonQ's stock is currently trading 27.6% below its 52-week high, with a Zacks Consensus Estimate for 2025 earnings indicating a 69.9% improvement over 2024 [8] D-Wave Quantum - D-Wave Quantum reported a 509% year-over-year revenue increase in Q1 2025, primarily due to a system sale to the Julich Supercomputing Center, with an adjusted gross margin of 93.6% [11] - The company claimed quantum supremacy by simulating a problem that would take classical supercomputers millions of years to solve, showcasing its new Advantage2 system with over 4,400 qubits [12] - D-Wave's stock is trading 20.5% below its 52-week high, with a Zacks Consensus Estimate for 2025 earnings suggesting a 72% year-over-year improvement [13] Rigetti Computing - Rigetti is focusing on its gate-based superconducting quantum architecture, with key projects including participation in DARPA's Quantum Benchmarking Initiative and a $5.48 million project for chip fabrication technology [15] - The company experienced a revenue decline to $1.5 million in Q1 2025 from $3.1 million in the previous year, with a gross margin decrease to 30% [16][17] - Rigetti's stock is currently trading 47% below its 52-week high, with a Zacks Consensus Estimate for 2025 earnings indicating an 86.1% year-over-year improvement [17] Final Thoughts - IonQ and D-Wave Quantum are positioned as stronger investment options due to their significant technical and financial achievements, while Rigetti faces challenges with revenue declines and margin compression [19]