There are four main publicly-traded quantum computing companies, and they all have one thing in common: In the last 14 months, all of them have been the target of activist investors shorting their stock.This isn’t totally surprising. All four companies—D-Wave Quantum, IonQ, Rigetti Computing, and Quantum Computing Inc.—have market caps in the billions of dollars, which in no way reflect the modest revenues generated by their day-to-day businesses.Alan Baratz, CEO of the 27-year-old Palo Alto, California-bas ...

Core Viewpoint - Quantum Computing Inc. is attempting to differentiate itself in the quantum computing sector by focusing on immediate revenue-generating products rather than solely on building powerful quantum computers, but there are concerns about the company's financial health and management credibility [2][4]. Financial Performance - The company generated approximately $546,000 in revenue over the last 12 months, which is minimal compared to its market capitalization of $1.87 billion [6]. - Quantum Computing is spending tens of millions annually on development, with $555 million in cash reserves providing some financial stability [7]. - The company has issued over $840 million in additional common stock in the past year, indicating a willingness to dilute shareholder equity [8]. Management and Communication - The management of Quantum Computing has been criticized for making significant claims that are not well-supported, often overstating the company's capabilities [9]. - The company tends to issue press releases that imply more substantial commercial relationships than exist, with most contracts being one-off research grants rather than sustainable commercial agreements [10]. Market Outlook - There is a belief that Quantum Computing stock may significantly underperform the market, with concerns that it could potentially decline to zero [11].

The first-mover advantage for pure-play stocks IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. may be short-lived.Although artificial intelligence (AI) sports the largest addressable global opportunity of any game-changing trend on Wall Street, AI stocks took a back seat to the advent of quantum computing in 2025.As of mid-October, pure-play quantum computing stocks IonQ (IONQ 7.25%), Rigetti Computing (RGTI 9.04%), D-Wave Quantum (QBTS 4.17%), and Quantum Computing Inc. (QUBT 4.16%) ral ...

Core Insights - Quantum Computing Inc. (QUBT) possesses a significant competitive advantage in the photonics and quantum technology markets, primarily due to its U.S.-based thin-film lithium niobate (TFLN) photonic chip foundry in Tempe, AZ [1] Market Positioning - The TFLN market is currently valued at approximately $190 million and is projected to grow to an estimated $1.93 billion by 2029, with a compound annual growth rate (CAGR) of 39.2% [3] - QUBT's planned development of Fab 2 aims to support higher-volume production, indicating a strategy to capture increasing market demand [4] Financial Performance - QUBT's shares have increased by 4% over the past year, outperforming the Zacks Internet-Software industry and IONQ's declines of 16.9% and 11.5%, respectively [5] - The company raised over $1.5 billion in 2025 to scale operations and support commercialization efforts, significantly strengthening its balance sheet [10] Sales and Earnings Growth - QCi is expected to report a 466.7% increase in revenues for the fourth quarter, with earnings per share projected to improve by 91.5% year over year [13] - Zacks Consensus Estimates indicate substantial year-over-year growth in sales, with estimates of 122.53% for the current year and 284.34% for the next year [14] Real-World Validation - QCi secured a contract from the National Institute of Standards and Technology (NIST) to design and fabricate TFLN photonic integrated circuits, showcasing its advanced prototyping capabilities [11] - The company received multiple purchase orders from various institutions, highlighting the growing demand for its TFLN photonic chip foundry services [12] Challenges and Valuation - QUBT is prioritizing long-term platform leadership over immediate revenues, which may limit near-term revenue expansion due to low unit volumes and lengthy sales cycles [16][17] - The stock is currently trading at a forward price-to-sales ratio of 600, significantly higher than the industry average of 5.55, indicating potential overvaluation [18] Strategic Outlook - QUBT is entering a critical growth phase, supported by its differentiated domestic TFLN manufacturing foundry and a strengthened balance sheet, positioning itself to capture the expanding TFLN market [20]

Core Insights - Rigetti Computing (RGTI) shares have decreased by 23% year to date, reflecting investor caution after the company adjusted its near-term expectations [1][4] - The company reported declining revenue, compressed gross margins, and ongoing operating losses, with the launch of its 108-qubit Cepheus system delayed until early 2026 [1][17] - Despite these challenges, Rigetti has secured significant orders, including an $8.4 million contract from India's C-DAC, which supports its medium-term revenue outlook [2][9] Financial Performance - In the third quarter, Rigetti's revenue fell by 18% year over year to $1.9 million, attributed to a pause in U.S. National Quantum Initiative funding and the timing of government contracts [17] - Gross margins decreased to 21%, influenced by a higher proportion of lower-margin agreements, while operating expenses rose to $21 million due to sustained R&D investments [18] - The company is projected to experience a 234.7% revenue improvement in 2026, although earnings per share are expected to remain negative but improve by 74.3% year over year [13] Strategic Developments - Rigetti is focusing on a chiplet-based architecture, aiming for a 150-plus qubit system by 2026 and a 1,000-plus qubit system by 2027 [2][12] - The company has deepened its presence in on-premises quantum systems and continues to attract government and research-oriented orders, which help underpin its medium-term revenue outlook [8][10] - Partnerships with entities like India's C-DAC and academic institutions are expanding Rigetti's ecosystem and enhancing its credibility in the quantum computing space [10][11] Competitive Landscape - Rigetti faces competition from companies like IonQ, which is gaining momentum with its trapped-ion platform, and D-Wave Quantum, which is focusing on near-term enterprise adoption [3] - The competitive environment complicates Rigetti's outlook, as uneven execution and a modest revenue base continue to impact investor confidence [3][22] Market Valuation - Rigetti's stock is currently trading at a price-to-book (P/B) ratio of 15.06X, significantly higher than the industry average of 5.4X, indicating potential overvaluation [19]

Get alerts: IonQ, D-Wave Quantum, and Quantum Computing are the seven Quantum Computing stocks to watch today, according to MarketBeat’s stock screener tool. “Quantum computing stocks” are shares of companies that develop, manufacture, or commercialize quantum computing hardware, software, algorithms, services, or enabling components (such as control electronics and quantum-safe cryptography). From an investor perspective these equities are typically viewed as speculative, long‑horizon plays with high tec ...

Quantum Computing Inc. (NASDAQ:QUBT) is one of the hidden AI stocks under $10 to buy. On February 2, Quantum Computing completed the acquisition of Luminar Semiconductor from Luminar Technologies in an all-cash transaction valued at $110 million. This acquisition helps Quantum Computing become a vertically integrated, domestic provider of photonics and quantum platforms. By combining Quantum Computing’s thin-film lithium niobate technology with Luminar Semiconductor’s established expertise in lasers, detec ...

Core Insights - Quantum Computing Inc. (QCi) has completed the acquisition of Luminar Semiconductor, Inc. for $110 million, marking a significant step in its strategy to become a vertically integrated provider of photonics and quantum technology [1][2][3] Group 1: Acquisition Details - The acquisition is expected to enhance QCi's technology roadmap and add annual revenue to its financial profile [2] - LSI will operate as a wholly owned subsidiary of QCi, maintaining its commercial relationships in aerospace, defense, and industrial markets, which provide near-term revenue visibility [5] Group 2: Strategic Importance - The acquisition allows QCi to integrate its thin-film lithium niobate (TFLN) platform with LSI's capabilities in lasers, detectors, and manufacturing, enabling end-to-end control of photonic system design [3] - This integration positions QCi to deliver chip-scale quantum hardware that operates at room temperature, moving away from large cryogenic systems [3] Group 3: Market Positioning - The transaction aligns with U.S. demand for domestic technology solutions and reshoring initiatives, enhancing QCi's ability to serve government and defense-related customers [4] - QCi aims to leverage LSI's experience and extensive patent portfolio to advance its quantum innovations from technology to scalable manufacturing [5]

Core Insights - Rigetti Computing and Quantum Computing represent two distinct investment opportunities in the growing quantum computing market, with Rigetti being an established player and QCi focusing on experimental chips [1]. Company Comparison - Rigetti's stock increased nearly 60% over the past year, while QCi's stock only rose by 3%, indicating Rigetti's stronger market performance [2]. - Quantum computers utilize qubits to store data, allowing for simultaneous processing of zeros and ones, which enhances data handling and task execution speed compared to classical computers [3]. - Both companies are working to overcome the limitations of quantum computing, such as size, cost, power consumption, and error rates, by developing new technologies and more accessible platforms [4]. Technology Overview - Rigetti employs superconducting loops to accelerate electrons, achieving quantum states, but these systems require cryogenic refrigeration, making them costly to operate. They have lower coherence fidelity but higher gate fidelity compared to newer technologies [5]. - QCi focuses on photonic chips that use light for data processing, which can be manufactured in conventional fabs and operate at room temperature. However, they face challenges in scaling and have lower gate fidelity in complex operations [6]. Growth and Services - Rigetti is a "full stack" quantum computing company, producing its own quantum processing units (QPUs) and offering a cloud-based quantum-computing-as-a-service platform called Forest, positioning itself as a comprehensive solution for businesses interested in quantum systems [7].

Core Insights - Luminar's lidar business faced a last-minute bid that exceeded the leading offer of $33 million from MicroVision, but Luminar chose to proceed with MicroVision's bid due to "infirmities" in the new offer [1][2] Group 1: Sale Process and Bids - An unidentified party submitted a bid just before a bankruptcy hearing, which was significantly higher than the $33 million bid from MicroVision [1] - Luminar's legal counsel indicated that the last-minute bid had issues, leading the company to stick with MicroVision's offer [2] - The identity of the last-minute bidder was not disclosed, but it was suggested to be an "insider purchaser," likely Austin Russell, Luminar's founder [2][3] Group 2: MicroVision's Acquisition - The sale of Luminar's lidar technology and remaining staff to MicroVision was approved, with the transaction expected to close in the coming weeks [3][6] - MicroVision aims to leverage Luminar's lidar technology to enhance its automotive capabilities, which it currently lacks [6][8] - MicroVision's CEO expressed optimism about reviving Luminar's existing contracts with automakers, viewing them as potential revenue opportunities [9][10] Group 3: Competitive Landscape - MicroVision is positioned to expand beyond its current markets of industrial use, security, and defense by integrating Luminar's technology [8] - The acquisition is seen as a strategic move to enhance MicroVision's engineering capabilities and competitiveness in the automotive sector [9]