Core Insights - Quantum computing is approaching real-world applications, attracting investor interest in companies like Rigetti Computing (RGTI) and IonQ (IONQ) that are developing future computational power [1][2] - Both companies are in a competitive race to scale quantum systems, targeting government and enterprise contracts [2] Price Performance & Valuation - Year-to-date, shares of Rigetti and IonQ have decreased by 40.3% and 35.9%, respectively [5] - IonQ appears more attractive from a valuation perspective, with a price/book ratio of 15.56 compared to Rigetti's 20.57 [6] Core Technology - Rigetti utilizes superconducting qubits, which are silicon-based circuits, allowing for scalability and faster innovation through its fab facility [8] - IonQ employs trapped-ion technology, which offers high coherence and low error rates, operating near room temperature for enhanced precision [10] Business Model - Rigetti's vertically integrated model controls the entire quantum stack, generating revenue from QPU sales, cloud access, and R&D contracts, with total revenues of $10.8 million in 2024 [11][12] - IonQ follows a cloud-first strategy, primarily earning from quantum computing-as-a-service (QCaaS) and professional services, with total revenues of $43.1 million in 2024 [12] Roadmap & Growth Strategy - Rigetti aims to enhance its quantum systems, planning to launch a 36-qubit modular system by mid-2025 and a 100+ qubit system by year-end [13] - IonQ is focused on scaling its systems and expanding its QCaaS model across industries, leveraging exclusive tech licenses for a strong IP position [13] Market Outlook - The quantum computing market is projected to grow from $1.3 billion in 2024 to $5.3 billion by 2029, with superconducting systems expected to dominate volume deployments [14] - Both companies are positioned for growth, but Rigetti has a better growth potential reflected in its Zacks Growth score of 'D' compared to IonQ's 'F' [19] Financial Estimates - The Zacks Consensus Estimate for Rigetti's 2025 sales implies a year-over-year growth of 34.57%, while IonQ's estimate suggests a growth of 97.34% [15][17] - For 2025, Rigetti's loss per share is projected at $1.09, while IonQ's is expected to be $1.05 [12][17] Investment Appeal - Rigetti's full-stack control and technical credibility cater to government and research sectors, but it faces high valuation and modest growth [20] - IonQ, with larger cash reserves and a scalable model, presents stronger revenue growth and an aggressive roadmap for market expansion [20]

The U.S. stock market has been on a roller coaster in 2025. After a tumultuous start to the year, driven by President Donald Trump's aggressive trade policies, recent developments suggest that the most severe tariffs may not materialize. The shifting market has created fertile ground for investors seeking undervalued opportunities, especially in the innovative growth space. Many forward-thinking tech companies faced significant sell-offs amid trade uncertainties, leading to attractive entry points for long- ...

Core Insights - The convergence of quantum computing, AI, and high-performance computing is becoming essential for innovation across various sectors, attracting investor interest in companies like D-Wave Quantum Inc. and NVIDIA Corporation [1][2] NVIDIA Corporation - NVIDIA's Data Center business generated $47.5 billion in revenues for fiscal 2024, more than tripling from the previous year, with a fourth-quarter revenue surge of 409% year over year to $18.4 billion [6] - NVIDIA's AI platforms are utilized by over 80 automakers, contributing over $1 billion in automotive-related data center revenues in 2024, and its healthcare platforms support AI-driven drug discovery in a $10 trillion industry [7] - The company achieved a non-GAAP gross margin of 76.7% in the fourth quarter, with expectations to normalize to the mid-70s range for 2025, and returned $9.9 billion to shareholders through buybacks and dividends in 2024 [8] D-Wave Quantum Inc. - D-Wave achieved quantum supremacy by solving a complex material science problem with its 1,200-qubit Advantage2 system, distinguishing itself from competitors like Google and IBM [9][10] - D-Wave's bookings surged 502% in the fourth quarter of 2024, driven by a significant sale to Germany's Jülich Supercomputing Centre, and its Quantum Compute-as-a-Service model is gaining traction across various sectors [10] - The company has a cash position exceeding $300 million, with an adjusted net loss shrinking year over year and a gross margin of 72.8% on a non-GAAP basis, indicating improving operational efficiency [11] Comparative Analysis - D-Wave is trading at a forward 12-month price-to-sales ratio of 67.86X, significantly higher than NVIDIA's 11.79X, suggesting NVIDIA is more attractively valued compared to D-Wave and its historical averages [14] - NVIDIA's average price target of $177.43 implies a 76.3% upside, while D-Wave's average price target of $6.71 implies only a 0.5% upside from the last close [16][17] Future Outlook - D-Wave is positioned as a serious contender in the future of computing, potentially becoming as significant in quantum as NVIDIA is in AI, with strong execution and rapid growth [19]

Rigetti Computing (RGTI 5.48%) has caught the eye of many tech investors over the past couple of years as the quantum computing market has taken shape. The company is knee-deep in this market, designing and manufacturing quantum computing units and systems, as well as running a quantum computing platform application development.Quantum computing hardware and software could be a $170 billion market by 2040, and the enthusiasm around this space has caused Rigetti's share price to surge 588% over the past year ...

HOBOKEN, N.J., April 22, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced that the Company has secured the sale of one of its EmuCore reservoir computers to a major automotive manufacturer. The device has since been shipped to the customer and will be used for research and development purposes. QCi's EmuCore reservoir computing device can be applied to solve a variety of problems re ...

Riverlane will lead the QEC experiments, identifying key improvements to enhance system performance and meet crucial QEC metrics. The NQCC Superconducting Circuits Team will support the system upgrade and provide quality assurance for the QEC experiments. "Our NQCC testbed continues to serve as a critical resource for advancing our technology capabilities. We believe that we have a tremendous advantage on our path to fault-tolerant quantum computing with Riverlane's QEC expertise and our modular, open archi ...

Rigetti, in collaboration with Riverlane and the National Quantum Computing Centre (NQCC), has been selected as one of the winners of Innovate UK's Quantum Missions pilot competition. Leveraging Rigetti's quantum computer hosted at the NQCC, the £3.5 million Rigetti-led consortium aims to benchmark and enhance the quantum error correction capabilities of superconducting quantum computers — a requirement for achieving large-scale fault-tolerant quantum computing. "Our NQCC testbed continues to serve as a cri ...

Core Viewpoint - A securities class action lawsuit has been filed against Quantum Computing Inc. (QCI) for allegedly making materially false and misleading statements regarding its business operations and prospects during the class period from March 30, 2020, to January 15, 2025 [1][2]. Allegations Against Defendants - The lawsuit claims that QCI overstated the capabilities of its quantum computing technologies, products, and services [2]. - It is alleged that QCI misrepresented the nature and scope of its relationship with NASA, including its contracts and subcontracts [2]. - The company purportedly exaggerated its progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its operations related to TFLN chips [2]. - QCI's business dealings included undisclosed related party transactions, which contributed to its revenue [2]. - The lawsuit suggests that the revelations of these issues would likely have a significant negative impact on QCI's business and reputation [2]. - Defendants' positive statements about QCI's business were claimed to be materially misleading and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in QCI have until April 28, 2025, to seek appointment as a lead plaintiff representative of the class [3]. - A lead plaintiff acts on behalf of all class members and is typically the investor or group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]. - The firm aims to protect investors and consumers from fraud and negligence by businesses [4].

Core Insights - The article discusses the competitive landscape of quantum computing, focusing on two leading companies: IonQ and D-Wave Quantum, each employing different technologies [1][2][3] Company Overview IonQ - IonQ is a leader in gate-based quantum computing, utilizing trapped-ion technology for general-purpose applications [4] - The company achieved a milestone by outperforming classical computing in medical device design, demonstrating a processing performance improvement of up to 12% [4] - IonQ's revenue for 2025 is estimated at $85 million, reflecting a year-over-year growth of 97.34% [5] - The company has expanded its quantum networking capabilities through acquisitions, resulting in significant government contracts totaling $75.6 million [6] - IonQ is part of DARPA's Quantum Benchmarking Initiative, but it faces profitability challenges, with a projected loss of $0.79 per share in 2025 [7][8] D-Wave Quantum - D-Wave specializes in quantum annealing technology, allowing for faster development of commercial quantum applications [8] - The company demonstrated quantum supremacy in materials simulation, with research published in the journal Science [9] - D-Wave's revenue for 2025 is projected at $23.39 million, indicating a robust increase of 163.85% from 2024 [10] - The company has secured significant commercial deployments, including a partnership with Ford Otosan that reduced scheduling time from 30 minutes to under five [11] - D-Wave's bookings grew by 128% year-over-year, with a cash position exceeding $300 million, positioning it well for sustained profitability [12] Financial Performance and Valuation - IonQ trades at a forward price/sales ratio of 58.75x, while D-Wave trades at a higher ratio of 80.69x [13] - Despite both companies trading at premium valuations, D-Wave's higher revenue growth rate suggests better value [14] - Year-to-date, IonQ shares have declined by 36.9%, while D-Wave shares have only decreased by 14.3% [18] Conclusion - D-Wave Quantum is positioned as a more compelling investment due to its demonstrated quantum supremacy, stronger projected revenue growth, and improved earnings estimates [19] - The company's successful commercial applications and robust financial position indicate a clear path to profitability, making it a favorable choice for investors in the quantum computing sector [20]

The next breakthrough technology to follow artificial intelligence (AI) could be quantum computing. In February, Amazon joined other big tech firms, such as Google parent Alphabet, in touting investments in the field.Now may be a good time to invest in one of this nascent industry's hot stocks, IonQ (IONQ 10.15%). Recent stock market volatility pushed down the share price of this quantum computing luminary.IonQ's stock was on fire earlier this year, soaring to a 52-week high of $54.74 in January. Since then ...