D-Wave Quantum's stock got crushed in November's tech sell-off.While it was far from the only quantum computing company stock to see red in November, D-Wave Quantum's (QBTS +5.09%) 38.8% drop was one of the worst -- only Rigetti Computing's shares fell further. Thankfully for investors, shares of D-Wave have recovered somewhat in the first few days of December, but they remain more than 36.5% off their October high. Here's what's going on and what might be in store for the quantum company.November was a rou ...

Core Insights - The year 2025 has seen significant advancements in quantum computing, with clearer engineering roadmaps and major capital commitments from key players like IBM and Amazon [1][2] - Investor expectations have shifted towards near-term commercialization, with increased capital deployment anticipated in 2026 [3] Company Developments - IBM launched a new quantum data center and outlined a multi-year plan for fault-tolerant systems, boosting market confidence [1] - Amazon's AWS introduced the Ocelot quantum chip, which aims to reduce error-correction overhead by up to 90% [1] - Honeywell's Quantinuum raised approximately $600 million, achieving a valuation close to $10 billion, supported by a DARPA contract [2] - Google's 105-qubit Willow chip achieved a significant milestone by demonstrating a quantum advantage, reportedly 13,000 times faster than classical supercomputers for molecular simulations [2] - IonQ reported a remarkable 222% year-over-year revenue growth in Q3 2025, achieving a world-record 99.99% two-qubit gate fidelity [7][10] - D-Wave's Advantage2 system, a 4,400+ qubit quantum computer, became available for real-world applications, with revenues increasing by 100% year-over-year [11][12] Market Trends - The momentum in quantum computing suggests a rise in customer engagements and collaborations between industry and government, particularly in materials science and pharmaceuticals [3] - Both IonQ and D-Wave are projected to experience strong earnings and sales growth in 2026, reflecting the active progress made in 2025 [9][13] Financial Performance - IonQ's stock has gained 26.1% year-to-date, with expectations of 66.2% earnings growth and 69% sales growth in 2026 [10] - D-Wave's stock surged 221.4% year-to-date, with projected earnings growth of 9.3% and sales growth of 61.3% in 2026 [13]

D-Wave logo overlaying a quantum computing chip. Key Points After more than a month of sharp declines, shares of D-Wave Quantum suddenly spiked 22% in the first few days of December. The company announced a new government-focused business unit, sparking speculation about future U.S. defense contracts. High R&D costs and a long path to profitability continue to make D-Wave a speculative investment despite short-term rallies. Interested in D-Wave Quantum Inc.? Here are five stocks we like better. D-W ...

And what if I told you the biggest threat to Bitcoin is not regulation, but math itself. Can you break down what's at stake. If we look at the Bitcoin network today, there's around a third of the total supply.So that's around 6.7% million tokens that are in uh wallets that are vulnerable to quantum computing. And the risk of quantum computing here is that you can then reverse engineer the private key from the public key. Once you make a transaction or when you send something from this wallet, your public ke ...

Core Insights - The market is shifting from speculative growth to essential infrastructure, focusing on critical needs such as data integrity, energy security, and biological resilience [1][2] - Companies that provide essential services are gaining attention as institutional capital accumulates in these areas, contrasting with retail investors chasing speculative opportunities [2] Quantum Security Encryption Corp. (QSE) - QSE has rebranded from Scope Technologies to focus on quantum defense, launching QSE-Chat, a quantum-resilient mobile application for enterprise and government use [3][4] - The company employs post-quantum cryptographic algorithms to secure data against future quantum computing threats, positioning itself as critical infrastructure for the information age [5] Aleen Inc. - Aleen is transforming the wellness market by allowing users to own their biometric data rather than being mere donors [7][10] - The company has developed a Smart Analytics feature that provides actionable insights from biometric data without crossing into medical diagnosis [8][9] Rush Gold Corp. - Rush Gold is positioned as a high-grade silver play, with historical sampling at its Legal Tender Property returning grades as high as 1,875 grams per tonne silver [12][13] - The company benefits from the dual role of silver as both a monetary metal and a critical industrial input, particularly in green infrastructure [13][14] Homeland Uranium - Homeland Uranium is focused on energy independence, with a defined resource estimate of 8.85 million pounds of uranium at its Coyote Basin project in Colorado [18][19] - The company aims to validate known mineralization in a secure jurisdiction, addressing the urgent need for domestic nuclear fuel supply [19] Avant Technologies Inc. - Avant Technologies has pivoted into cell-based therapy, focusing on encapsulated cell treatments for diabetes and securing rights to Klotho-producing cells for longevity [21][23] - The company targets significant healthcare markets, positioning itself as a critical player in human longevity and health optimization [24]

Core Insights - Quantum Computing Inc. (QUBT) is highlighted as a unique company within the quantum sector, indicating potential investment interest [1] Company Overview - The article focuses on Quantum Computing Inc. (QUBT) as part of an expanding portfolio in the quantum sector [1] Investment Perspective - The author expresses a personal interest in adding QUBT to their investment portfolio, suggesting a positive outlook on the company's potential [1]

Core Insights - The Dow Jones Industrial Average (DJIA) is up nearly 13% year to date, with leading stocks not being pure AI plays but rather companies like Caterpillar, Goldman Sachs, and IBM [1][2][3] Caterpillar (CAT) - Caterpillar has seen a significant stock increase of approximately 66.3% year to date, driven by strong global demand for construction and mining equipment [4] - Despite a decline in adjusted profits to $4.95 per share on $17.6 billion in sales, sales rose by 10% due to higher end-user equipment volumes [5] - The U.S. infrastructure push and lower interest rates have contributed to a substantial backlog, indicating sustained revenue visibility [6] - Caterpillar is also pivoting towards AI-enabling infrastructure, with partnerships that position it as a beneficiary of the tech boom [7] - Analysts view Caterpillar as a hybrid play, justifying a forward earnings multiple of 27 times [8] Goldman Sachs (GS) - Goldman Sachs ranks second among Dow leaders with a stock increase of over 49% year to date, attributed to a rebound in dealmaking and economic stability [9] - The third-quarter earnings were $12.25 per share on $15.2 billion in revenue, surpassing estimates [9][10] - The firm has advised on over $1 trillion in announced M&A volume this year, benefiting from sustained trading revenues and a healthy growth outlook [10] - Goldman Sachs' institutional focus allows it to capture upside from corporate optimism, driving shares to an all-time high of $856 [11] IBM (IBM) - IBM has achieved a 40% year-to-date gain, with shares nearing record closing highs of approximately $308 [12] - The turnaround is driven by software and consulting segments, with third-quarter revenue up 7% to $16.3 billion at constant currency [12] - The watsonx AI platform and Red Hat integration have boosted bookings and hybrid cloud adoption, with a consulting backlog of $31 billion [13] - IBM is also making strides in quantum computing and has raised full-year guidance to 5% growth and $14 billion in free cash flow [14]

Industry Overview - Quantum computing is currently not commercially viable and is expected to take a few more years to reach relevance [2] - The industry has experienced two boom-and-bust cycles, with significant hype in late 2024 and a notable decline in October and November 2025 [1][2] Company Analysis: Alphabet - Alphabet is identified as a leading player in quantum computing, leveraging its cash flows from other successful ventures to invest in this technology [4] - The Willow quantum computing chip has achieved significant milestones, including delivering the first verifiable quantum advantage, completing tasks 13,000 times faster than the fastest supercomputer [5][6] - Alphabet's strong financial position, with a market cap of $3,877 billion and a gross margin of 59.18%, provides a safety net for investors [7] Company Analysis: IonQ - IonQ's business model is highly dependent on the success of its quantum computing technology, presenting a high-risk, high-reward scenario for investors [8] - The company utilizes a trapped ion approach, achieving a two-qubit gate fidelity of 99.99%, which is superior to many competitors [9][11] - IonQ has a market cap of $19 billion but faces significant risks, as failure could lead to a total loss of investment [10][11] Company Analysis: Nvidia - Nvidia is not directly competing in quantum computing but focuses on providing advanced GPUs, which are essential for AI workloads [12] - The company has introduced NVQlink, allowing quantum computing firms like IonQ to integrate with existing GPU ecosystems, ensuring Nvidia's relevance in a hybrid computing future [14][15] - Nvidia's market cap stands at $4,433 billion, with a gross margin of 70.05%, indicating a strong financial position [13]

Core Viewpoint - Quantum computing stocks are experiencing unsustainably high valuations, driven by hype rather than substantial technological advancements or customer traction [3][8][9]. Group 1: Market Performance - Since the launch of ChatGPT in late 2022, shares of the Roundhill Generative AI & Technology ETF and the Invesco QQQ Trust have increased by 137% and 84% respectively, significantly outperforming the S&P 500 [1]. - Quantum computing stocks, particularly IonQ, Rigetti Computing, and D-Wave Quantum, have surged over 1,000% since the onset of the AI revolution [6]. Group 2: Valuation Concerns - Current valuations of quantum computing stocks are compared to the dot-com bubble era, where companies had inflated price-to-sales (P/S) ratios without sustainable business models [11][13]. - Quantum computing pure plays are trading at P/S ratios significantly higher than those of leading companies during the dot-com bubble, which peaked at 31 to 51 for firms like Microsoft and Amazon [15]. Group 3: Industry Dynamics - The rise in quantum computing stock prices is largely attributed to speculative trading and hype in online forums, transforming these stocks into "meme stocks" [9]. - Despite significant investments in acquisitions and new technologies, companies like IonQ, Rigetti, and D-Wave have not achieved meaningful technological breakthroughs or substantial enterprise customer traction [8]. Group 4: Future Outlook - There is a belief that a correction in quantum computing stock prices is likely, with indications that insiders at D-Wave and Rigetti are selling shares, suggesting a lack of confidence in sustained high valuations [17][18]. - The expectation is that quantum computing stocks may experience a significant decline in 2026, with pure plays being particularly vulnerable [18].

Group 1: Market Performance - Israel's stock market has outperformed the U.S. market since October 7, 2023, with significant gains in U.S.-traded companies such as Teva Pharmaceutical, Elbit Systems, and Tower Semiconductor [5] - The stock market has shown resilience, ending a tough month on a high note, with positive indicators heading into December [6] Group 2: Corporate Developments - Confluent (CFLT) stock surged over 20% following reports that IBM is nearing an $11 billion acquisition deal for the data software company, with an announcement expected soon [6] - IBM is also collaborating with Cisco on quantum computing initiatives, which has contributed to its stock performance despite a general retreat in AI stock rallies [10] Group 3: Investment Insights - A free webinar is being offered to help investors prepare their portfolios for 2026 by learning to read key market signals [2] - Discounts are available for IBD Digital and IBD Live, aimed at helping investors make smarter investment decisions in 2026 [3]