You can catch Trader Talk on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Is Washington chaos really what’s moving your money, or is it just noise? On this episode of Trader Talk, Kenny Polcari breaks down how the 2026 midterm elections, government shutdown drama, and policy shocks surrounding tariffs, healthcare, EV credits, and rare earth metals can cause entire sectors to be slammed overnight, while long-term investors stay focused on fundamentals. Then Schwab Network lead market ...

Core Insights - Investor enthusiasm for leading quantum computing companies, particularly Rigetti Computing, has increased significantly over the past year, with Rigetti's shares more than doubling in value [1][3] - An upcoming earnings report on November 11 could introduce volatility in Rigetti's stock price, which has risen 182% since its Q2 earnings report in August [1][4][6] Company Performance - Rigetti's revenue fell 41% year over year to $1.8 million, indicating that the stock's rise is not supported by revenue growth but rather by advancements in quantum computing technology [4][6] - The company has made notable progress in reducing computational error rates with its multi-chip quantum computer, Cepheus-1-36Q, which has halved error rates compared to the previous Ankaa-3 system [5][6] Market Sentiment - Rigetti's stock price is currently driven more by market sentiment than by actual financial results, making it difficult to predict how the stock will react to the upcoming Q3 earnings report [6][8] - Updates on Rigetti's advancements in preparing its quantum computing technology for commercialization are deemed more critical than the revenue figures reported [8]

Core Insights - Rigetti Computing's shares increased by 48.6% in October 2025, following a remarkable 83.6% rise in September, primarily driven by positive analyst reports and advancements in quantum computing technology [1][8] - Analyst David Williams from Benchmark raised Rigetti's target price from $20 to $50 per share, praising the company's $350 million stock sale, which is expected to support its operations for several years [2] - JPMorgan Chase announced a $1.5 trillion commitment to advanced technology investments, including quantum computing, which contributed to a 25% increase in Rigetti's stock over a weekend [3][4] Company Developments - Rigetti announced support for Nvidia's NVQLink platform, which facilitates communication between digital computers and quantum systems, enhancing data access and simplifying programming for quantum computing [6] - The integration with Nvidia represents a significant step for Rigetti, indicating a future where quantum and digital computing coexist for various applications [7] Market Context - The quantum computing sector is experiencing heightened interest, with Rigetti's stock surging over 3,000% in the past year, although it may currently be overvalued [8]

Core Insights - IonQ is valued at over $20 billion and specializes in quantum computing and networking, providing access to its systems via major cloud platforms like AWS, Azure, and Google Cloud [1] - The company also offers quantum-safe networking solutions, quantum key distribution systems, random number generators, and consulting services for quantum applications [2] Financial Performance - IonQ's stock has nearly tripled in value over the past year, with Q3 results expected to be a significant driver for shares [3] - Revenue for Q2 reached $20.7 million, exceeding guidance by 15%, attributed to accelerated project implementations [4] - Full-year 2025 revenue guidance has been raised to between $82 million and $100 million, with Q3 2025 sales forecasted to grow to $27 million from $12.4 million year-over-year [3][5] Strategic Developments - IonQ completed a $1 billion capital raise, marking the largest single institutional investment in quantum computing history [4] - The acquisition of Oxford Ionics aims to achieve a target of 800 logical qubits by 2027 and 80,000 by 2030, positioning the company with a significant technical lead over competitors [5] - Recent acquisitions of Lightsynq and Capella Space enhance IonQ's quantum networking capabilities, including the only commercially certified quantum key distribution products globally [6]

Core Insights - D-Wave Quantum is a leader in quantum computing, offering both quantum annealing and gate-model quantum computers for industrial and research applications [1][2] - The company has solved over 200 million problems on its quantum platforms since its founding in 1999 [2] Stock Performance - QBTS stock has increased approximately 265% year-to-date in 2025, despite a recent dip of about 4% over the last five days [3] - Over the longer term, the stock has gained over 288% in six months and more than 2950% over the past 52 weeks, significantly outperforming the Russell 2000's 10% gain [4] - The stock exhibits high volatility typical of emerging tech sectors, with sharp advances and corrections, but maintains a strong upward trajectory due to growing demand for quantum computing solutions [5] Financial Results - In Q2 2025, D-Wave reported revenue of $3.1 million, a 42% year-over-year increase, exceeding analyst expectations by 22% [6] - The company experienced a loss per share of $0.08, which was worse than the estimated loss of $0.05, attributed to non-cash warrant revaluation charges and increased operating expenses [6] - Operating expenses rose 41% to $28.5 million, reflecting investments in personnel and R&D, while gross margin remained steady at approximately 64% [7] - Adjusted EBITDA loss widened to $20 million, but D-Wave ended the quarter with record cash reserves of about $815 million, supported by a $400 million equity raise completed in July 2025 [7]

Core Insights - D-Wave Quantum's shares surged by 49.9% in October due to a series of positive developments including an innovation award, new sales in Europe, and speculation about potential U.S. government investment [1] Group 1: Investment and Market Activity - JPMorgan Chase announced a $10 billion investment into various sectors, including quantum computing, as part of a $1.5 trillion initiative over the next decade, which fueled investor optimism for D-Wave [3] - Although JPMorgan did not specifically mention D-Wave, the news led investors to speculate on potential investments in the company, contributing to the rise in share price [4] Group 2: Awards and Partnerships - D-Wave was recognized by Fast Company as a winner in the Computing Chips and Foundational Technology category for its Advantage2 quantum computer in the 2025 edition of Next Big Things in Tech [5] - The company secured a 10 million euro commitment from Swiss Quantum Technology to deploy an Advantage2 quantum computer in Europe, allowing customers to access the system via D-Wave's Leap quantum computing cloud service [6] Group 3: Government Involvement Speculation - D-Wave's stock also benefited from reports that the U.S. Commerce Department was in discussions with quantum computing companies for potential equity stakes in exchange for federal funding, although the department later denied these talks [7]

Core Insights - IonQ is a prominent player in the quantum computing sector, currently facing challenges in achieving consistent profitability despite a strong revenue growth of 67.8% over the last 12 months [5][6] - The stock has experienced a significant decline of 20.3% over 21 trading days, raising concerns about its downturn resilience and potential for recovery [2][6] - IonQ's stock performance has lagged behind the S&P 500 during economic downturns, indicating a need for cautious investment strategies [2][6] Company Overview - IonQ is valued at $15 billion with a current trading price of $58.40 and reported revenue of $52 million [5] - The company provides general-purpose quantum computing systems accessible through major cloud platforms such as AWS, Microsoft Azure, and Google Cloud Marketplace [4] Financial Metrics - IonQ's operating margin stands at -700.6%, and it has a P/E multiple of -31.6, indicating challenges in profitability [5] - The company maintains a Debt to Equity ratio of 0.0 and a Cash to Assets ratio of 0.4, reflecting a strong liquidity position [5] Historical Performance - IonQ's stock saw a dramatic decline of 90.0% from a high of $31.00 in November 2021 to $3.10 in December 2022, compared to a 25.4% decline for the S&P 500 during the same period [6] - The stock fully recovered its pre-Crisis peak by November 2024 and reached a high of $82.09 in October 2025, currently trading at $58.40 [6] Investment Strategy - The Trefis High Quality Portfolio, which includes 30 stocks, has historically outperformed major indices, suggesting a diversified investment approach may yield better results than investing in individual stocks like IonQ [3][7]

Core Viewpoint - Palantir reported strong Q3 earnings and raised Q4 guidance, indicating robust AI adoption, yet shares fell over 4% post-earnings, suggesting high valuation concerns [1][6]. Financial Performance - Palantir's revenue and earnings per share exceeded expectations, particularly in the AI segment, which was a strong point for the company [3][6]. - Despite the positive earnings report, the stock experienced a decline, indicating that the market may have already priced in the strong performance [2][6]. Market Reaction - The post-earnings drop in Palantir's stock is attributed to its high valuation and the momentum surrounding the stock, leading to a situation where only extraordinary results could have sustained or increased the stock price [2][4]. - The timing of the stock's decline may also relate to year-end profit-taking strategies among investors, especially given the substantial gains already realized [4][5]. Industry Context - The AI sector remains under scrutiny, with concerns that a potential bubble could impact companies like Palantir if market corrections occur [4][5]. - Rigetti Computing, a competitor, is preparing to launch a 100-qubit quantum system, highlighting the competitive landscape within the tech and AI sectors [6].

[Music] Good Tuesday morning from YA finds his New York City headquarter studios and now finds executive editor Brian Sazi. Lots happening in markets right now to say the very least. Of course, we stop earning season and that continues on.To that end, Palanteer stock is getting drilled uh in the pre-market despite a blowout third quarter. And who said stock valuations don't matter. Suddenly they do.Uber stocks also coming under pressure following a solid quarter of its own. Gross bookings popped 21% and cam ...

Core Insights - D-Wave Quantum Inc. (NYSE:QBTS) is recognized for its development of quantum computing systems, software, and cloud services that integrate quantum and classical computing for complex problem-solving [1] - Jim Cramer highlighted QBTS during a stock analysis segment, noting the competitive landscape with IBM and Google as the leading players in quantum technology [1] - Cramer expressed a speculative interest in QBTS, suggesting it could be a worthwhile investment for those looking to explore quantum computing opportunities [1] Company Overview - D-Wave Quantum Inc. focuses on quantum computing, offering systems and services that aim to solve complex problems through a combination of quantum and classical computing [1] - The company is positioned in a competitive market, with major competitors like IBM and Google leading advancements in quantum technology [1] Market Context - The discussion around QBTS reflects a broader interest in quantum computing, particularly in the context of national competitiveness and technological leadership, especially concerning China [1] - Cramer’s commentary indicates a growing interest in quantum technologies among investors, despite the dominance of established players like IBM and Google [1]