Core Insights - Quantum computing presents a significant opportunity for investors, particularly through established tech giants rather than pure plays [1][2][3] - Major tech companies are heavily investing in infrastructure to support AI and are also exploring quantum computing as a complementary technology [2][19] Company Summaries Alphabet - Alphabet is recognized as a leading opportunity among major AI stocks, with a diverse ecosystem that includes internet search, advertising, cloud computing, and custom chip design [6][19] - The company is investing in quantum computing through its quantum processor, Willow, which is currently used for simulations against supercomputers [9][10] - Alphabet's integration of AI across its services positions it well to commercialize quantum computing applications in the future [10][19] Nvidia - Nvidia is a key player in the AI movement, providing GPUs and software that are central to generative AI development [11][19] - The company is exploring quantum AI opportunities with products like NVQLink and an alternate version of CUDA for hybrid computing environments [13][14] - Nvidia's strategy focuses on bridging traditional and quantum computing rather than investing heavily in supercomputers [14][19] Amazon - Amazon's AI ecosystem mirrors that of Alphabet, with significant revenue from e-commerce, cloud computing, and advertising [16][19] - Amazon Web Services (AWS) is the largest cloud platform and is a primary source of AI growth for the company [17][19] - The company has developed its own quantum processing chip, Ocelot, and offers a quantum computing architecture called Amazon Bracket within AWS [18][19] Investment Themes - The analysis emphasizes that Alphabet, Nvidia, and Amazon have established successful AI businesses, allowing them to explore quantum computing without it being a core growth strategy [19][20] - AI is expected to drive growth for these companies in the coming years, providing a dual upside for investors as quantum applications are developed [20][21]

Core Insights - Quantum Computing (QUBT), also known as QCi, has experienced a 15.6% decline in stock price over the past three months, underperforming the industry's 10% drop, primarily due to dilution from issuing new shares to raise over $1.5 billion in capital while generating limited revenues [1][3][9] Group 1: Financial Performance - QUBT reported significant financial improvements in Q3 2025, with revenues increasing to $384,000 from $101,000 a year earlier, driven by higher-value contracts and contributions from cloud access to its DIRAC-3 quantum optimization system [5][9] - Gross margin expanded sharply to 33% from 9% year-over-year, reflecting an improved contract mix and more efficient delivery, despite potential fluctuations due to a small contract base [6] - The company achieved a net income of $2.4 million in Q3, a turnaround from a $5.7 million loss in the prior year, aided by interest income from its strengthened cash position and gains from derivative liabilities [6] Group 2: Strategic Developments - QUBT has made strategic progress in capital, technology, manufacturing readiness, and customer adoption, indicating strong long-term prospects despite recent market volatility [3] - The company has strengthened its balance sheet with over $1.5 billion in capital, allowing for aggressive investments in engineering, manufacturing, and commercialization [3][9] - QUBT's room-temperature integrated photonic architecture offers significant advantages in size, weight, power, and cost, differentiating it in a market facing scalability challenges [4] Group 3: Market Position and Outlook - The stock has underperformed compared to industry peers and major indices, including IonQ and D-Wave Quantum, over the past three months [8] - Despite near-term volatility, QUBT is transitioning from early-stage development to scalable commercialization, supported by expanding customer adoption and a differentiated technology [10] - The average target price indicates strong near-term upside potential, with the stock currently trading 84.4% below its average Zacks price target [10]

Core Viewpoint - Momentum is returning to the quantum computing sector, with IonQ, D-Wave Quantum, and Rigetti showing significant breakouts after a challenging period [1][2][14]. Group 1: Market Activity - IonQ, D-Wave Quantum, and Rigetti have all staged meaningful breakouts, indicating a potential shift in market sentiment towards the quantum computing sector [1][2]. - The stocks have formed tight bull flag patterns, suggesting that the initial breakouts are not one-off events but may lead to further upward movement [2][14]. Group 2: Stock Performance - IonQ's stock has shown constructive behavior post-breakout, trading sideways in a tight consolidation, which is characteristic of a bull flag [5][6]. - D-Wave Quantum's breakout was strong, with the stock forming a compressed bull flag and showing persistent demand during consolidation [8][9]. - Rigetti's stock has also demonstrated constructive behavior, forming a bullish wedge and finding support during small dips [11][12]. Group 3: Buy Triggers - A breakout above $55 for IonQ would confirm the continuation of its upward trend, while a close above this level with increasing volume would reinforce the bullish signal [6]. - For D-Wave Quantum, a move through $28.70 would signal the next phase of the trend, with a closing above this level increasing the odds of sustained continuation [9]. - Rigetti would signal a price advance with a push above $26.60, while a breakdown below $27.15 would invalidate the current setup [12]. Group 4: Overall Sector Outlook - The recent breakouts in IONQ, QBTS, and RGTI mark the end of a correction and the beginning of renewed momentum in the quantum computing sector, with all three stocks trading in bullish continuation patterns [14][15].

Core Insights - Rigetti Computing (RGTI) has faced renewed pressure with a 14.6% decline in shares over the past month due to weaker revenues, compressed margins, and a miss on DARPA Phase B selection, raising concerns about its commercial momentum [1][2][21] - Despite these challenges, Rigetti is advancing its roadmap with new system sales and R&D partnerships, reaffirming multi-year hardware targets through 2027, indicating ongoing validation from various partners [2][8][10] Financial Performance - Rigetti's Q3 results showed revenues of $1.9 million, an 18% year-over-year decline, attributed to the lapse of National Quantum Initiative funding and inconsistent government contracts [17][18] - Gross margin fell to 21% from 51%, while operating expenses rose to $21 million due to increased R&D spending and other costs, highlighting the company's reliance on government and research-driven projects [18][21] Market Position and Competition - Rigetti's stock is up 85.2% year-to-date, outperforming most quantum peers but lagging behind leaders like D-Wave Quantum (QBTS), which surged 238.6% [4][5] - The competitive landscape in quantum computing is intensifying, with companies like IonQ and Arqit Quantum making significant advancements, which has led to increased investor caution regarding Rigetti's near-term execution [3][21] Strategic Developments - Rigetti secured a three-year, $5.8 million contract with AFRL focused on superconducting quantum networking, alongside $5.7 million in purchase orders for two 9-qubit systems, enhancing future revenue visibility [8][21] - The company is expanding its global and academic ecosystem through collaborations, including a new MOU with India's C-DAC and a deployment at Montana State University, which may lead to future research partnerships [9][10] Technological Advancements - Rigetti is progressing with its chiplet-based architecture, with a current 36-qubit system demonstrating high fidelity and gate speeds, and plans to unveil a 100+ qubit system by the end of 2025 [11][12] - The company aims to deliver a 150+ qubit system in 2026 and a 1,000+ qubit system in 2027, showcasing its commitment to scalability and technological advancement [12][21] Investment Considerations - Rigetti's stock is considered overvalued with a price-to-book ratio of 24.72X compared to the industry average of 6X, indicating high investor expectations [19] - The company remains a high-risk investment in the quantum computing sector, with a Zacks Rank of 3 (Hold), suggesting a cautious approach for investors as it seeks to convert technological progress into stable revenue streams [21][22]

This leader could help you build wealth.Quantum computing is billed as the next wave of growth for the tech sector beyond artificial intelligence (AI). This is an important and emerging technology with the potential to create a large industry, estimated to be worth $1 trillion over the next 20 years.IonQ (IONQ 0.35%) is currently the largest pure-play quantum computing company, and the stock is acting like a true market leader. It has skyrocketed 936% over the past three years. Here's why the stock should b ...

Financial Data and Key Metrics Changes - For fiscal year 2025, the company generated $530,000 in revenue, an increase from $293,000 in fiscal year 2024, primarily due to the commencement of a multi-year contract in the Middle East [17][18] - The first half of fiscal 2025 revenue was $67,000, while the second half saw a significant increase to $463,000, driven by new contracts [18] - Administrative expenses for fiscal year 2025 were $34.7 million, up from $25.4 million in fiscal year 2024, mainly due to reduced foreign exchange gains and increased operational costs [19][20] - The operating loss for the period was $38.5 million compared to a loss of $26.9 million in fiscal year 2024, attributed to higher administrative expenses and an exceptional item related to a class action lawsuit [20][21] Business Line Data and Key Metrics Changes - Revenue from the Arqit SKA Platform as a service and Arqit Network Secure products totaled $476,000 for fiscal year 2025, compared to $191,000 in fiscal year 2024 [18][19] - Professional services and maintenance revenue was $54,000 for the period, down from $102,000 in fiscal year 2024 [19] Market Data and Key Metrics Changes - The company has seen increased activity with prospective customers, signing 12 demonstration and test engagements in the first two months of fiscal year 2026, indicating a strong market migration towards post-quantum cybersecurity [6][16] - The company is experiencing momentum in customer engagements, particularly in the telecom and defense sectors, with significant contract wins [12][14] Company Strategy and Development Direction - The company aims to broaden its product and service offerings, including the acquisition of Amplify's encryption intelligence product to enhance customer engagement in post-quantum cryptography [3][8] - Collaborations with Intel and Sparkle are expected to expand product solutions to include confidential computing and quantum-secure communications [4][10] - The focus remains on building momentum in key markets, particularly telecom and defense, while addressing the increasing need for enhanced cryptography [15][16] Management's Comments on Operating Environment and Future Outlook - Management believes fiscal 2025 represents a trough year for revenue, with expectations of growth in fiscal year 2026 driven by increasing market demand for quantum-safe solutions [16][22] - The company is optimistic about its position in the marketplace, anticipating that organizations will begin their migration journey towards post-quantum encryption [16][22] Other Important Information - The company ended fiscal year 2025 with $1.2 million in executed contracts that could be recognized in fiscal year 2026, indicating a positive revenue trajectory [16][18] - The company has a cash and cash equivalents balance of $36.9 million as of September 30, 2025 [21] Q&A Session Summary Question: What is driving the higher level of demonstrations and activity recently? - Management noted that significant news flow on quantum advancements has increased awareness and urgency among organizations to address quantum threats [24][25] Question: What does the sales cycle look like for Encryption Intelligence compared to legacy products? - The sales cycle for Encryption Intelligence is shorter, with organizations eager to use the tool for ongoing assessments of their cryptographic landscape [27][28] Question: Are there additional acquisition opportunities similar to the recent asset purchase? - Management is exploring tuck-in opportunities related to data sovereignty and confidential computing, which align with the company's strategic focus [30] Question: What is the competitive landscape like for post-quantum security? - Management acknowledged increased competition from traditional security vendors but emphasized the company's unique position and extensive experience in the field [32][33] Question: What industries are showing interest in the company's solutions? - The company is seeing interest from regulated industries, critical infrastructure sectors, and organizations rich in intellectual property, particularly in financial services and life sciences [35][36]

Core Viewpoint - SEALSQ Corp is significantly increasing its Quantum Investment Fund from $35 million to over $100 million to enhance Europe's leadership in Quantum Security and develop a sovereign Quantum Computer, aiming to establish a European Quantum Corridor [1][6]. Group 1: Investment and Strategic Goals - The expanded Quantum Fund will focus on accelerating the development of Quantum-resilient hardware, Post-Quantum Cryptography (PQC) algorithms, and secure communication systems [3][4]. - SEALSQ's investments include approximately $12 million in a Post-Quantum Semiconductor Personalization and Test Center in Spain, $3.5 million in WeCan Group in Switzerland, and $10 million in WISeSat.Space for satellite communications [5]. - The acquisition of IC'Alps in France for about $14 million will enhance SEALSQ's capabilities in developing Quantum-ready silicon [5]. Group 2: Sovereign Quantum Computer - A sovereign Quantum Computer is defined as a system designed and operated entirely within Europe, ensuring regional control over critical technologies and data flows [2]. - The development of such a computer is deemed essential for maintaining Europe's technological independence and protecting sensitive workloads in the Quantum era [2]. Group 3: Technological Integration and Future Outlook - SEALSQ aims to create a fully vertically integrated quantum computing ecosystem that supports the development of a sovereign Quantum Computer and a unified Quantum Corridor [6]. - The company emphasizes that its strategy is a coordinated mission rather than isolated technologies, aiming to build critical infrastructure for the future [6]. - With a strong liquidity position of nearly $450 million, SEALSQ is well-positioned to shape the secure Quantum future of Europe [6].

Core Viewpoint - The quantum computing sector, particularly D-Wave Quantum, is experiencing a resurgence despite previous volatility, suggesting potential growth as the technology approaches a critical inflection point [1][3][8]. Company Overview - D-Wave Quantum has seen a significant rebound, with shares increasing over 50% from their lows in November [1]. - Evercore ISI has initiated coverage on D-Wave Quantum with a target price of $44 per share, indicating confidence in the company's potential as a leading player in the quantum computing space [8][9]. Market Context - The broader market has shown skepticism towards AI and growth stocks, yet quantum stocks like D-Wave Quantum are beginning to show signs of recovery [3][4]. - The current market environment may present an opportunity for investors to consider quantum stocks, especially as they have lost about half their value in recent months [7]. Investment Considerations - The transition from pre-revenue to commercialization for quantum computing companies is critical, and if growth accelerates, share prices could rise significantly [2][6]. - D-Wave Quantum is described as well-funded, which is essential for capitalizing on upcoming opportunities in the quantum computing market [9].

The quantum computing investment thesis is relatively young, and its related stocks embraced at a fever pitch by some retail investors. Perhaps that explains its often dramatic emotional swings, both positive and negative. Focusing on Foundations Another advantage offered by WQTM is the ETF's focus on important pillars of quantum computing investing. Those being breadth, purity and relevance — attributes that can be hard to come by when selecting individual securities. "If the sector rallies, whether from a ...

Core Insights - ZenaTech, Inc. has acquired Casado Design Ltd., enhancing its Drone as a Service (DaaS) offerings in the UK and expanding into telecom infrastructure [1][2] - The acquisition aligns with the growing demand for advanced drone solutions in the telecom sector, particularly for 5G infrastructure modernization [2][3] - ZenaTech aims to leverage Casado's expertise in 3D modeling and scanning to provide safer, faster, and more cost-effective telecom infrastructure solutions [2][3] Company Overview - ZenaTech specializes in AI-driven drone solutions, DaaS, enterprise SaaS, and Quantum Computing, focusing on mission-critical business applications [5] - The company has been expanding its DaaS network through acquisitions, targeting established service companies ready for drone innovation [4][5] - ZenaTech operates globally with offices in North America, Europe, Taiwan, and the UAE, and serves various sectors including law enforcement, agriculture, and logistics [5] Industry Context - The UK telecom sector is undergoing significant transformation, driven by mergers like Vodafone–Three and substantial investments in 5G infrastructure [3] - There is a growing need for scalable, data-rich inspection and design workflows, making drone technology an attractive solution for telecom companies [3] - The trend of drone-enabled tower design and maintenance is also gaining traction across Europe, creating a favorable environment for drone-based services [3]