Group 1 - Quantum Computing Inc. (NASDAQ:QUBT) is recognized as one of the best quantum computing stocks to buy for 2026, with a "Buy" rating initiated by Rosenblatt and a price objective of $22 [1][2] - The company possesses significant quantum assets in areas such as photonics, computing, security, and sensing, along with thin-film lithium niobate (TFLN) fabrication facilities that cater to both internal and industry needs for integrated quantum photonics [1] - Quantum Computing Inc. has been selected as the stalking-horse bidder for the remaining assets of Luminar Semiconductor, Inc., with a bid of approximately $22 million, subject to higher offers during the auction process [2][3] Group 2 - The firm sees an immediate opportunity in quantum computing, indicating a favorable risk/reward profile for Quantum Computing Inc. [2] - Quantum Computing Inc. operates as an integrated photonics company, providing quantum machines to both commercial and government markets [3]

Core Insights - D-Wave Quantum Inc. (NYSE: QBTS) is identified as one of the best quantum computing stocks to buy for 2026, with a price target increase from $40 to $43 while maintaining a "Buy" rating [1][2] Group 1: Acquisition Details - D-Wave Quantum Inc. announced a merger agreement with Quantum Circuits Inc. for a total purchase price of $550 million, consisting of $300 million in D-Wave common stock and $250 million in cash [3] - The acquisition aims to combine D-Wave's expertise in scalable control of superconducting processors with Quantum Circuits' advanced error-corrected superconducting gate-model technology [4] Group 2: Technical Advancements - The company has demonstrated significant advancements in on-chip cryogenic control, which strengthens its long-term market position [2] - The merger with Quantum Circuits is expected to enhance D-Wave's error correction capabilities, further solidifying its competitive edge in the quantum computing sector [2][4]

Group 1 - IonQ, Inc. announced the appointment of Katie Arrington as Chief Information Officer, effective January 19, 2026, to enhance the company's growth and innovation in quantum computing [1][2] - The company is recognized as one of the best quantum computing stocks to buy for 2026, indicating strong market potential [1] - IonQ continues its strategic partnership with the Korea Institute of Science and Technology Information (KISTI) to deliver the 100-qubit IonQ Tempo quantum system, which will support hybrid quantum-classical research initiatives [3][4] Group 2 - The Tempo 100 quantum system will be integrated into KISTI-6 (HANGANG), the largest HPC cluster in Korea, marking a significant milestone in hybrid quantum-classical onsite integration in the country [4] - IonQ focuses on developing quantum computers and networks, positioning itself as a key player in the quantum computing industry [4]

Core Insights - Rigetti Computing, Inc. (NASDAQ:RGTI) is recognized as one of the best quantum computing stocks to buy for 2026, with a "Buy" rating initiated by Rosenblatt analyst John McPeake and a price target of $40 [1] - The company has revised its roadmap for its 108-qubit quantum computing system, Cepheus™-1-108Q, now expected to be generally available by the end of Q1 2026, aiming for 99.5% median two-qubit gate fidelity [2] Group 1 - The modular approach to qubit scaling and the internal fab strategy are key strengths of Rigetti Computing [1] - Collaboration with Riverlane, a leading quantum error correction partner, is seen as promising for medium- to long-term prospects [1] - Rigetti is an integrated systems company focused on building quantum computers and superconducting quantum processors [3] Group 2 - The company acknowledges that building higher-qubit-count systems may present new challenges [3]

Group 1 - SEALSQ Corp (NASDAQ:LAES) is recognized as one of the best quantum computing stocks to buy for 2026, with a focus on expanding its investment in quantum technologies [1][2] - The company has entered into a non-binding Memorandum of Understanding for exclusive negotiations to invest in Quobly SAS, aiming for a total investment of approximately $200 million for a majority stake [1][2] - SEALSQ Corp's quantum strategy is supported by a dedicated Quantum Fund designed to promote sovereign and secure quantum technologies across Europe [2] Group 2 - For FY 2025, SEALSQ Corp reported preliminary unaudited revenue of $18 million, with Q4 2025 revenue reaching $8 million, a significant increase from $4 million in the same quarter of the previous year [3] - The revenue growth is attributed to increased demand for traditional SEALSQ products and the consolidation of revenue from IC'ALPS following its acquisition on August 4, 2025 [3] - SEALSQ Corp is positioned as a leading innovator in Post-Quantum Technology hardware and software solutions [4]

Core Insights - Quantum Computing Inc. (QUBT) has raised over $1.5 billion in capital, enhancing its financial position for technology development, manufacturing expansion, and commercial execution [1][9] - QCi's room-temperature integrated photonic quantum architecture provides significant advantages in size, power usage, cost, and scalability compared to competitors [2] - Commercial activities are increasing, with revenues supported by NASA's LiDAR program and new engagements in the automotive and financial sectors [3] Financial Performance - In Q3 2025, QCi's revenues increased to $384,000 from $101,000 year-over-year, with gross margin rising to 33% from 9% [4] - The company reported a net income of $2.4 million, a significant improvement from a loss in the previous year [4] Competitors' Position - D-Wave Quantum (QBTS) has shown strong commercial momentum with rising revenues and expanding gross margins, supported by system sales and a robust cash position [5] - Rigetti Computing (RGTI) experienced uneven revenue growth and continued operating losses, despite a strategic equity raise boosting cash to over $570 million [6] Stock Performance - QUBT shares have gained 7.9% over the past year, outperforming the industry's decline of 6.6% [7][9] - The S&P 500 composite has increased by 14.9% during the same period [7] Valuation - QUBT currently trades at a forward Price-to-Sales (P/S) ratio of 843.1X, significantly higher than the industry average of 4.35X [10] Earnings Estimates - The loss per share estimate for 2025 has remained unchanged at 15 cents over the past 30 days [12]

Core Insights - Quantum computing is viewed as a potentially revolutionary technology, but the industry may face a reckoning due to inflated valuations following a significant rise in 2025 [1] Valuation Concerns - D-Wave has trailing-12-month (TTM) sales of just over $24 million but commands a market capitalization of $10 billion, while Rigetti has TTM revenue of $12.7 million and an $8.5 billion market cap [3] - Quantum Computing reported TTM revenue of only $550,000 with a market cap nearing $3 billion, and IonQ, despite a TTM revenue of nearly $80 million, has a market cap of $18 billion [4] Commercialization Timeline - There is skepticism regarding the timeline for useful quantum computing, with some experts suggesting that large-scale commercial applications are still "far off" [6] - Morningstar's analysis estimates early commercialization could be 5 to 10 years away, while general-use quantum computing may take up to 20 years to materialize [6] Technical Challenges - The technology is still largely in the realm of pure science rather than practical engineering, with some academics questioning the feasibility of useful quantum computing [7] - Notable figures in the field, such as Gil Kalai and Mikhail Dyakonov, argue that essential problems like quantum error correction may be inherently impossible, suggesting timelines for practical applications could extend beyond three decades [8] Market Dynamics - Quantum pure-play companies have achieved substantial market capitalizations despite generating minimal revenue, indicating a potential bubble in the investment cycle similar to past market phenomena [9]

Core Viewpoint - Rigetti Computing has seen a significant stock increase following an $8.4 million order from India's C-DAC for a 108-qubit quantum system, with potential for further growth to $50 in the next 12-18 months if certain conditions are met [2][3] Group 1: Recent Developments - Rigetti's stock rose approximately 5% on January 22 after the C-DAC order, contributing to an 85% increase over the past year [2] - The company achieved nearly 99.5% fidelity on their 36-qubit systems and has outlined a strategy for over 1,000 qubits, which could be a catalyst for future growth [3] Group 2: Potential Catalysts for Growth - The order pipeline is crucial, with the C-DAC deal expected to open avenues into India's supercomputing sector, potentially doubling revenue visibility by 2026-27 [6] - Achieving reliable 100+ qubit fidelity and scaling systems by mid-2026 could attract partnerships and validate current high valuations [6] - Wall Street analysts are beginning to take notice, with B. Riley issuing a Buy rating and a $35 target, and Wedbush setting a $40 target, which could trigger FOMO buying [6] - Rigetti has $600 million in cash from 2025 fundraising, allowing for R&D financing without significant dilution [6] - Sector momentum in quantum computing could position Rigetti as a leading player if competitors face challenges [6] Group 3: Risks and Challenges - Execution risk is significant; failure to scale qubits or meet deployment deadlines could lead to a loss of market trust [6] - Competition from major players like Google and IBM poses a threat, as they have greater financial resources [6] - Rigetti's fundamentals show concerning negative margins around -4,700%, and any disappointing financial reports could lead to sharp sell-offs [6]

国盾量子回复称，公司为合肥超量融合计算中心"巢湖明月"项目提供的超导量子计算设备部分于2025年 下半年验收完成，剩余少量服务费后续逐步确认。 格隆汇1月23日｜有投资者在互动平台向国盾量子提问：关于贵司在1月19号发布的投资者关系活动记录 表中提及的合肥超量融合计算中心项目，该项目是已经于2025年下半年完成项目总验收了吗？ ...

Core Viewpoint - The quantum computing sector appears overvalued, driven by retail investor enthusiasm, and is characterized by speculative investments despite minimal revenue generation [1][5][13]. Group 1: Market Dynamics - Quantum computing stocks gained significant attention in 2025, particularly after Google's announcement regarding its Willow quantum chip in December 2024, which triggered a surge in stock prices [1][2]. - Stocks of companies like IonQ, D-Wave Quantum, and Rigetti Computing saw substantial increases following Google's update, indicating a strong market reaction [2][4]. - The sector has been compared to other speculative technology sectors that have risen alongside the AI boom, despite their current lack of substantial revenue [5][6]. Group 2: Retail Investor Behavior - Retail investors have shown a strong interest in quantum computing stocks, with some behaving similarly to meme stocks, driven by the potential for high returns [10][12]. - The appeal of quantum computing stocks lies in their promise of future technological advancements, with projections suggesting a potential $1.3 trillion value addition to various industries by 2035 [11]. - The popularity of these stocks among retail investors has raised concerns about their valuations, as they are not supported by significant revenue or technological advancements compared to larger tech companies [13][16]. Group 3: Technology Overview - Quantum computing operates on the principles of quantum mechanics, utilizing quantum bits (qubits) to solve complex problems more efficiently than classical computers [8][9]. - The technology holds potential for breakthroughs in fields such as pharmaceuticals and engineering, although the timeline for achieving disruptive scale remains uncertain [9][18]. Group 4: Expert Opinions - Experts like Scott Aaronson have expressed skepticism regarding the current batch of quantum computing stocks, suggesting that their price increases are more a result of marketing than genuine technological progress [16][17]. - The speculative nature of investments in quantum computing stocks, particularly among inexperienced investors, raises concerns about the sustainability of their current valuations [6][17].