Core Insights - IonQ, Inc. is making significant advancements in quantum computing, aiming to replicate NVIDIA's success in the AI sector, but remains unprofitable [1][4] Group 1: Quantum Achievements and Partnerships - IonQ achieved a record AQ 64 in algorithmic qubit performance and a 99.99% two-qubit gate fidelity, marking it as the first quantum company to reach the 'four-nines' threshold [1][7] - The acquisitions of Vector Atomic and Oxford Ionics have enhanced IonQ's full-stack quantum platform, while a partnership with the U.S. Department of Energy underscores its role in quantum capabilities [2][7] - IonQ is developing error-correcting software, satellite-based distribution, and high-speed quantum networking, aiming to create a comprehensive ecosystem for quantum computing [3] Group 2: Financial Performance - In Q3, IonQ reported revenues of $39.9 million, reflecting a 222% year-over-year increase, and raised its 2025 sales guidance to $110 million [2][7] - Despite strong revenue growth, IonQ reported a net loss of $1.1 billion in Q3, with adjusted earnings per share of -$0.17 [4] Group 3: Investment Considerations - Current robust revenue growth and strategic acquisitions may encourage existing shareholders to hold IonQ stock, but it remains a speculative investment for new investors [5] - IonQ's forward price-to-sales (P/S) ratio is 150.36, significantly higher than the industry average of 5.54, indicating potential overvaluation [6]

Core Insights - Rigetti Computing (RGTI) is focusing on government partnerships as a key strategy for commercialization, with recent revenue declines attributed to the expiration of the U.S. National Quantum Initiative (NQI) [1][8] - The reinstatement of the NQI program with a budget of $625 million over five years is expected to enhance demand from national labs and government agencies [2] - Rigetti has secured significant government contracts, including a $5.8 million deal with the Air Force Research Laboratory, which is anticipated to contribute to revenue in the upcoming quarters [3][4] Revenue and Financial Performance - In the third quarter, Rigetti reported revenue of $1.9 million, down from $2.4 million year-over-year, primarily due to the lapse of NQI funding [1][8] - The reinstated NQI funding is expected to provide a demand boost as federal purchasing cycles resume [2] - Rigetti's shares have increased by 74.1% year-to-date, contrasting with a slight decline in the industry [7] Government Contracts and Pipeline - Rigetti's recent contract wins, including a three-year contract with the Air Force, indicate a strengthening government pipeline and a shift towards hardware deployment [3][4] - The company has significant cash reserves and no debt, allowing it to scale operations and deepen federal partnerships as NQI funding resumes [4] Valuation and Earnings Estimates - Rigetti's price-to-book ratio stands at 22.2, which is above the industry average, and it carries a Value Score of F [10] - The Zacks Consensus Estimate for Rigetti's 2025 earnings suggests an 88.9% decline compared to the previous year [11]

Core Insights - GraniteShares has launched two new ETFs, RGYY and QBY, expanding its YieldBOOST™ family to provide income opportunities in the quantum computing sector [1][5][6] - The RGYY ETF targets Rigetti Computing, while the QBY ETF focuses on D-Wave Quantum, both utilizing options strategies to generate income [2][3][4] - As of November 24, 2025, GraniteShares' YieldBOOST™ platform has over $653.1 million in assets under management (AUM) [6] Company Overview - GraniteShares is a global investment firm based in New York City, specializing in the creation and management of ETFs [7][8] - The firm is recognized as a market leader in leveraged single-stock ETFs and offers innovative investment solutions across various stock exchanges [7][8] - As of November 24, 2025, GraniteShares manages over $10.882 billion in assets [8] Product Details - The RGYY ETF employs a strategy of selling put options on leveraged ETFs that track the 2x Long RGTI Daily ETF, focusing on income generation [3] - The QBY ETF follows a similar strategy, selling put options on leveraged ETFs that track the 2x Long QBTS Daily ETF, aimed at generating income from D-Wave Quantum [4] - Both ETFs are part of GraniteShares' strategy to apply systematic options strategies to high-growth sectors and disruptive innovation themes [5]

Investors are throwing money at quantum startups. Maybe they should be looking at a more venerable player that has a lot of practice building things. Read the full story: https://t.co/LzegwQanbC📸: Guerin Blask for Forbes https://t.co/UV4VkYSloX ...

Core Insights - The collaboration between Xanadu, Rolls-Royce, and Riverlane has successfully advanced quantum computing applications for modeling jet engine airflow, significantly reducing simulation runtimes from weeks to under an hour, thus enabling new prototyping opportunities in the aerospace industry [1][5] Company Summaries Xanadu - Xanadu is a Canadian quantum computing company founded in 2016, focused on building practical quantum computers and developing the open-source software library PennyLane [7] - The company has successfully reduced prototyping runtimes by up to 1000-fold for Rolls-Royce, addressing the long wait times associated with traditional simulations [4] - Xanadu's Catalyst compiler was instrumental in optimizing quantum-classical programs for Rolls-Royce, emphasizing the importance of hybrid quantum-classical computing [4][5] Rolls-Royce - Rolls-Royce is a major player in the aerospace industry, providing power solutions and services across multiple sectors, including defense and civil aviation [9][10] - The company reported an annual underlying revenue of £17.8 billion and an underlying operating profit of £2.46 billion in 2024, indicating strong financial performance [11] - Rolls-Royce's collaboration with Xanadu and Riverlane is part of its strategy to leverage advanced technologies to enhance its design processes and product offerings [3][5] Riverlane - Riverlane specializes in Quantum Error Correction (QEC) and partners with over 60% of the world's quantum computer companies to address challenges in achieving utility-scale quantum systems [12] - The company contributed novel quantum algorithms to the collaboration, enhancing the overall efficiency of the simulation workflow for Rolls-Royce [4][5] - Riverlane's expertise in QEC is crucial for unlocking the potential of quantum computing in various industries, including aerospace [12]

Core Insights - Quantum Computing Inc. (QCi) is participating in the UBS Global Technology and AI Conference from December 1-4, 2025, with Dr. Yuping Huang and CFO Chris Roberts attending [1] - Dr. Huang will be part of the Quantum Computing Panel on December 1, 2025, at 2:55 PM MT [1] - The company offers accessible and affordable quantum machines and foundry services for photonic chips based on thin-film lithium niobate (TFLN) [2] Company Overview - Quantum Computing Inc. specializes in integrated photonics and quantum optics technology [2] - The company's products are designed to operate at room temperature and low power, making them cost-effective [2] - QCi's technology portfolio includes applications in high-performance computing, artificial intelligence, cybersecurity, and remote sensing [2]

Core Insights - Xeriant Inc. is expanding its technology portfolio under the leadership of Brig. Gen. (Ret.) Blaine Holt, focusing on high-growth sectors such as artificial intelligence, quantum computing, and data science [1][6] - The company aims to create a collaborative technology ecosystem to accelerate the development of disruptive technologies [3] - Xeriant seeks to identify and advance innovations across aerospace and other sectors, positioning itself as a hub for transformative technologies [6] Company Strategy - Brig. Gen. Holt will target successful operating companies for acquisitions, licensing opportunities, or strategic partnerships to enhance Xeriant's technology offerings [1] - The company is assembling a diverse team of innovators to foster interdisciplinary teamwork and strong relationships within the technology landscape [3][4] - Xeriant's mission includes partnering with and acquiring strategic interests in visionary companies that align with its goals [8] Leadership Background - Brig. Gen. Holt has a distinguished career in both military and private sectors, including roles as the U.S. deputy military representative to NATO and CEO of AlchemAI, a software company focused on AI technology [4][5][7] - His experience in logistics, operations, and diplomacy is expected to provide valuable insights into identifying opportunities and synergies for Xeriant [4][7] Company Overview - Xeriant, Inc. is dedicated to the discovery, development, and commercialization of transformative technologies, including advanced materials marketed under the DUREVER™ brand [8] - The company's advanced materials include NEXBOARD™, an eco-friendly composite construction panel designed to replace traditional building materials [8]

Core Insights - Xeriant Inc. has appointed Brig. Gen. (Ret.) Blaine Holt as a senior advisor to expand its technology portfolio, focusing on high-growth sectors such as artificial intelligence, quantum computing, and data science [1][4][5] - The company aims to build a technology hub by assembling a diverse team of innovators to create a collaborative ecosystem for developing disruptive technologies [3][5] - Holt's extensive background in military and private industry leadership is expected to enhance Xeriant's ability to identify and capitalize on opportunities in the rapidly evolving technology landscape [4][5] Company Overview - Xeriant Inc. is dedicated to discovering, developing, and commercializing transformative technologies, including advanced materials that can be integrated across multiple industrial sectors [7] - The company markets its advanced materials under the DUREVER™ brand, which includes NEXBOARD™, an eco-friendly composite construction panel designed to replace traditional building materials [7]

Core Insights - ZenaTech, Inc. has opened a new office in the Washington, D.C. area to enhance its engagement with federal government and defense agencies, aiming to establish a strong federal presence for defense revenue growth [1][2] - The company is expanding its manufacturing facility in Mesa, Arizona, tripling the size to support full U.S. drone assembly, production, and testing, which aligns with its strategy to increase operational capacity and meet the growing demand for advanced UAV systems [2][3] Company Overview - ZenaTech specializes in AI drone technology, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical applications across various sectors including defense, agriculture, and logistics [3][6] - The company operates globally with offices in North America, Europe, Taiwan, and the UAE, and is actively growing its U.S. DaaS business through acquisitions [3] Product Offerings - ZenaTech's drone portfolio includes the ZenaDrone 1000, capable of lifting approximately 40 kg, designed for inspection, surveillance, and reconnaissance applications, and has been tested by the U.S. Air Force and Navy Reserve [5][6] - The IQ Square and IQ Nano drones serve specific functions such as land surveys, infrastructure inspections, and inventory management in GPS-denied environments, showcasing the versatility of ZenaTech's drone solutions [5][6]

Core Insights - SuperQ Quantum Computing Inc. has achieved significant milestones in health innovation and deep tech, enhancing its position in the national ecosystem [1][2][3] - The company was featured at the Canada HealthTech Innovation Symposium 2025 and invited to the Future Summit, indicating its growing influence in quantum technologies [1][4][9] Company Developments - SuperQ was welcomed as a new member of Deep Tech Canada and listed in the Canadian Quantum Directory, highlighting its role in the national deep tech network [2][3] - The company’s Super™ platform integrates quantum, AI, and high-performance computing, making advanced computational capabilities accessible to health innovators [6][11] Events and Presentations - At the Canada HealthTech Innovation Symposium, SuperQ's Vice President delivered a presentation on enhancing health innovation capacity through quantum and hybrid supercomputing [5][8] - The symposium featured over 150 organizations and focused on leveraging AI for health innovation, showcasing SuperQ's contributions to the field [4][8] Strategic Engagements - SuperQ's CEO participated in the Future Summit, engaging with leaders to discuss the strategic necessity of quantum-ready computing in addressing industry challenges [9][10] - The discussions at the summit emphasized the importance of quantum-enabled infrastructure in supporting national AI strategies and critical systems [10][13] Technology and Applications - The Super™ platform aims to provide real-time decision support, enhance simulations for medical device validation, and support multi-parameter optimization [11][12] - The platform is designed to empower various sectors, including healthcare, finance, and logistics, by making advanced computational power intuitive and accessible [15]