2 Quantum Computing Stocks Up Over 2,200% to Throw $200 At

Core Insights - A small group of quantum computing stocks has generated remarkable returns, with some stocks increasing by over 2,200% in the past year [1][3] Quantum Computing Industry Overview - Quantum computing represents a significant innovation in computing technology, utilizing qubits instead of traditional bits, allowing for more complex data processing [2] - The potential applications of quantum computing include drug development and addressing major societal issues like climate change, which could significantly increase stock valuations [3] Company Highlights Rigetti Computing - Rigetti Computing has seen a staggering increase of 2,847% in its stock price over the past year [5] - The company builds its quantum machines in-house using superconducting qubit-based processors, achieving a median two-qubit gate fidelity of 99.5% and reducing its gate error rate by 50% [6][7] - Rigetti has secured a three-year contract worth $5.8 million with the Air Force Research Laboratory to develop advanced superconducting quantum networking [7][8] - Despite its high growth potential, Rigetti currently generates minimal revenue and operates at a loss, with a market cap of $7.8 billion [9] D-Wave Quantum - D-Wave Quantum has also experienced significant growth, with its stock up 2,278% in the past year [10] - The company utilizes annealing quantum computing technology, with its Advantage2 prototype featuring over 1,200 qubits and plans for a system with 7,000 qubits [11] - Analysts have noted the Advantage2's performance improvements over classical supercomputers, particularly in optimization problems, although its applicability is limited to specific problem types [12] - Similar to Rigetti, D-Wave is not yet profitable and has a market cap of $7.85 billion [12]