1&h=2025189868&u=https://delphidigital.io/&a=https://delphidigital.io/)**About BTQ**BTQ Technologies Corp. (Nasdaq:[BTQ](#financial-modal)| Cboe CA: BTQ | FSE: NG3 ) is a vertically integrated quantum company accelerating the transition from classical networks to the quantum internet. Backed by a broad patent portfolio, BTQ pioneered the industry's first commercially significant quantum advantage and now delivers a full-stack, neutral-atom quantum computing platform with end-to-end hardware, middleware, and ...

Core Insights - Quantum computing has emerged as the hottest stock market trend in 2025, surpassing artificial intelligence as the primary catalyst on Wall Street [1] - Quantum computing pure-play stocks have seen significant price increases, with some rising by up to 965% over the past year [2] - The technology is expected to create substantial economic value, with estimates ranging from $450 billion to $850 billion by 2040 [7] Industry Overview - Quantum computing utilizes specialized computers based on quantum mechanics to solve complex problems that classical computers cannot address, potentially revolutionizing various industries [3][6] - Applications include drug development and accelerating AI learning processes, which are driving investor excitement [6] Market Dynamics - Institutional investors, including JPMorgan Chase, are recognizing the potential of quantum computing, with the bank identifying it as a key area in its $1.5 trillion Security and Resiliency Initiative [9][10] - Collaborations with major tech companies like Amazon and Microsoft are providing quantum computing firms access to significant customer bases [10] Historical Context - Historical trends indicate that new technologies often face significant adoption delays, with investors typically overestimating the speed of market acceptance [11][12] - Previous tech trends, such as the internet and blockchain, have experienced bubble-bursting events, suggesting that quantum computing may follow a similar trajectory [13][14] Valuation Concerns - Current price-to-sales (P/S) ratios for quantum computing stocks are significantly above historical bubble thresholds, indicating potential overvaluation [17] - Historical data shows that leading companies in tech trends can lose 80% or more of their value during market corrections [18][20]

Core Insights - Horizon Quantum Computing has successfully assembled and integrated its first operational quantum computer at its headquarters in Singapore, marking it as the first quantum software company to own and operate such a system [1][2][3] Company Developments - The quantum computer was assembled from best-in-class components, including Maybell's cryogenic platform, Quantum Machines' control electronics, and a Rigetti superconducting quantum processor, establishing a testbed facility capable of hosting multiple systems [4][5] - The modular design of the quantum system allows for the swapping of control electronics and quantum processors, enabling diverse configurations and architectures for software integration [5] - Horizon Quantum aims to provide hardware-agnostic development tools for quantum computers, with plans to operate across various hardware platforms, including cloud-based systems and traditional data centers [5][6] Strategic Vision - The company emphasizes the importance of tight integration between hardware and software to achieve quantum advantage, positioning itself to build a sophisticated development and execution stack that closely coordinates with hardware control systems [6][7] - Horizon Quantum's integrated development environment, Triple Alpha, is expected to enhance its functionality through the commissioning of the new quantum computer, facilitating seamless quantum application development [3][9] Leadership and Future Plans - Dr. Joe Fitzsimons, founder and CEO, expressed confidence that establishing an in-house hardware testbed will significantly contribute to the company's mission of solving complex real-world problems through quantum computing [6] - The company is in the process of completing a business combination with dMY Squared Technology Group, which is anticipated to accelerate its growth and execution towards its vision [7][12]

Core Insights - The National Quantum Initiative (NQI) has seen a significant increase in federal investment, with approximately $1 billion allocated annually for quantum information science in FY 2025, up from about $456 million in 2019 [1][3] - The upcoming reauthorization of the NQI for 2025-2029 is expected to further enhance funding, with proposals of $1.8 billion from the House and $2.7 billion from the Senate, focusing on applied projects and public-private partnerships [3][9] - Companies like IonQ, Rigetti, and D-Wave are benefiting from government contracts, which are crucial for their growth narratives despite their current low revenues and operating losses [4][6] Federal Investment and Support - Federal agencies are collectively investing around $1 billion annually in quantum information science, indicating a strategic focus on this technology [1] - The NQI reauthorization plans aim to scale funding significantly, with the House proposing $1.8 billion and the Senate proposing $2.7 billion over five years [3] - DARPA's selection of quantum firms for contracts signals government confidence in their technologies, which can represent a substantial portion of these companies' revenues [4][5] Market Dynamics and Valuations - Despite being in early stages with low revenues, quantum companies have seen their valuations rise, largely driven by expectations of government spending rather than immediate commercial demand [6][9] - Defense contracts, even in the range of $5-10 million, can significantly impact stock prices, highlighting the importance of government as a primary customer for quantum technologies [7][9] Investment Strategy and Future Outlook - Investors should focus on policy and procurement as key factors in valuing quantum companies, rather than traditional product cycles [13][16] - The recent example of xLight illustrates the potential for government equity-like investments in critical technology sectors, which could extend to quantum firms [11][17] - The trajectory of quantum stocks will be influenced more by government funding and support than by the timing of technology mainstreaming [18][19]

Core Insights - D-Wave Quantum has experienced significant stock volatility, with a 120% increase since its SPAC merger in 2022, followed by a nearly 50% decline in recent months [2][6] - The company is focused on developing both annealing and gate-model quantum computers, aiming to create a comprehensive quantum computing stack [3][4] - D-Wave Quantum's current revenue stands at $24 million, making it a small player compared to larger tech companies [5] Company Overview - D-Wave Quantum trades at a market capitalization of approximately $8 billion, with a price-to-sales ratio exceeding 330 times its trailing-12-month revenue [7] - The total addressable market for quantum computing is estimated by McKinsey & Company to be between $28 billion and $72 billion by 2035, but the competitive landscape remains uncertain [8] - The company's inflated valuation is likely to result in increased stock volatility, influenced by broader market sentiment [9] Investment Considerations - The question of whether to buy D-Wave Quantum after its 50% dip is raised, considering the potential for acquisition by larger tech companies if a breakthrough occurs [10] - There appears to be a lack of interest from billionaire investors in D-Wave Quantum and similar early-stage quantum computing companies, likely due to the competitive nature of the industry and the company's low revenue [11][12]

We recently published 10 Stocks Already Hurting in December. Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the top performers on Monday. Rigetti Computing dropped its share prices by 8.27 percent on Monday to close at $23.45 apiece, mimicking an overall market pessimism following the recent holiday rush. Additionally, investors unloaded portfolios amid the company’s lack of positive developments to bolster buying appetite. Early last month, Rigetti Computing, Inc. (NASDAQ:RGTI) announced its earnings ...

Rail Vision (RVSN) “announced the signing of an agreement for a strategic transaction to acquire 51% ownership of Quantum Transportation Ltd., a cutting-edge quantum computing and AI company specializing in error correction technologies. The closing of the Acquisition is expected to close in late December 2025 to early January 2026, subject to the satisfaction of customary closing conditions. Quantum Transportation holds an exclusive sub license, for rail technologies and platforms, for an innovative pendi ...

Core Insights - IonQ is the first and largest pure-play quantum computing company, utilizing a trapped-ion approach for high accuracy and room-temperature quantum systems [1] - The stock has seen a significant increase of 357% as of November 28, despite a recent dip, indicating strong market interest in quantum computing [2] - IonQ reported a net loss of $1.3 billion over the first three quarters of 2025, but revenue increased by 222% year over year to $40 million in Q3, with expectations of finishing the year with $106 million to $110 million in revenue [3] Financial Metrics - IonQ has a current market capitalization of $17.5 billion and is trading at 153 times trailing earnings, indicating a high valuation premium [4] - The stock price is currently $47.12, with a day's range between $46.61 and $48.87, and a 52-week range from $17.88 to $84.64 [5][6] - The company has a gross margin of -747.41% and does not offer a dividend yield [6] Future Outlook - The CEO expects IonQ to reach profitability and approach $1 billion in revenue by 2030, which could be positive for investors but may not lead to extreme stock price growth given the current valuation [6] - There are significant uncertainties regarding IonQ's ability to turn substantial investments into million-dollar returns by 2030, making it a speculative stock [7]

Core Insights - Saxo's predictions are designed as low-probability, high-impact thought experiments to challenge consensus narratives and stimulate debate about potential future scenarios [1][2] Group 1: Predictions Overview - Saxo's 2026 predictions include a range of unconventional scenarios, such as a financial market influenced by extraterrestrial factors and cultural shifts driven by celebrities like Taylor Swift [2] - The predictions aim to provoke thought rather than to be accurate forecasts, emphasizing the importance of considering unexpected developments [2] Group 2: Market Impacts - In the tech sector, the arrival of quantum computing (Q-Day) could lead to a collapse in cryptocurrency values, a surge in gold prices to five figures, and significant volatility in related stocks [3] - A cultural shift initiated by a high-profile wedding could result in increased household formation and a decline in social media stock values, while benefiting homebuilding and luxury sectors [4] - Political changes may arise from a demand for reform following partisan turmoil, potentially leading to a shift in the political landscape in the U.S. [4]

Core Insights - Investor sentiment is shifting away from quantum computing stocks, with Quantum Computing Inc. (QCi) experiencing a decline alongside broader tech stock retreats [1][2] - Despite low revenue, QCi reported better-than-expected third-quarter results and announced a collaboration with POET Technologies [2][6] - The company has a market cap of $2.5 billion but is still not generating significant revenue, making it sensitive to market sentiment [8] Financial Performance - QCi reported third-quarter revenue of $384,000, an increase from $101,000 in the same quarter last year, surpassing the consensus estimate of $116,670 [6] - The company raised $750 million post-quarter, increasing its liquidity to over $1.5 billion, which provides a long runway for investment [6] - QCi reported a GAAP operating loss of $10.4 million for the quarter [6] Strategic Developments - On November 11, QCi announced a strategic collaboration with POET Technologies to develop thin-film lithium niobate engines for data transfers in AI systems [5] - The collaboration is seen as a promise of future potential rather than immediate results [5][6] Market Position and Outlook - QCi's balance sheet is expected to instill some confidence among investors, although it may take years before the company generates material revenue [7] - The stock is likely to continue trading based on investor sentiment, which could be problematic if concerns about a bubble in the sector arise [8]