Core Viewpoint - Quantum computing stocks, particularly IonQ, have seen significant declines, with IonQ down 40% from its all-time high, raising questions about whether it is a good time to buy the dip or wait for further declines [1][2]. Company Overview - IonQ is recognized as a leader in the quantum computing space, boasting the industry's most accurate solution with a two-qubit gate fidelity of 99.99%, significantly better than the industry average of 99.9% [3][4]. - The current market capitalization of IonQ is $17 billion, with a current stock price of $47.06 [5][6]. Technology and Competitive Landscape - IonQ utilizes a trapped ion approach, which allows for operation at room temperature, contrasting with the superconducting technique used by most competitors that requires extreme cooling [6]. - The primary disadvantage of IonQ's technology is its processing speed, as superconducting computers are generally faster. If a competitor develops a superconducting platform that matches IonQ's accuracy, it could diminish IonQ's market attractiveness [7]. Market Outlook - The timeline for commercially viable quantum computing is projected around 2030, leaving ample time for competitors to catch up to IonQ, despite IonQ's current technological lead [8][9]. - The market is currently risk-averse, and there is uncertainty regarding job markets and inflation, which may prolong the sell-off of high-risk stocks like IonQ [10]. Investment Strategy - Investors are advised to remain patient, as multiple sell-offs are expected before 2030, providing further opportunities to purchase IonQ at a discount [11].

Core Insights - Nvidia's stock has increased by 22,660% over the past decade, primarily due to its data center GPUs for AI tasks, making it the world's most valuable company with a market cap of $4.3 trillion [1] - Investors are encouraged to explore the emerging quantum computing market, particularly IonQ, as a potential investment opportunity [2] Company Overview - IonQ distinguishes itself in the quantum computing sector by utilizing trapped ions for data processing, which allows for operation at room temperature, making it more scalable compared to traditional electron-based systems [7] - The company has launched three trapped-ion quantum systems: Aria, Forte, and Forte Enterprise, with plans for a fourth system, Tempo, and offers its quantum computing capabilities as a cloud service [8] Industry Context - Quantum computers are currently used mainly for niche research due to their size, cost, and energy inefficiency, but advancements could lead to smaller, more resilient, and power-efficient systems in the coming years [5] - The quantum computing market is expected to grow rapidly over the next decade, with IonQ having an early mover advantage [9]

Core Viewpoint - Jim Cramer has expressed strong support for International Business Machines Corporation (IBM), highlighting its potential in the technology sector, particularly in quantum computing [2][3]. Group 1: Jim Cramer's Insights - Cramer considers IBM one of his favorite stocks in the technology space and has defended it against selling pressures, suggesting that the shares could gradually increase in value [2]. - In March, Cramer labeled IBM as a "pure" buy and has increasingly pointed to it as a solid investment in quantum computing as the year progressed [2]. - On September 25th, Cramer emphasized IBM's advancements in quantum computing, noting its collaboration with HSBC to enhance trading efficiency, and stated that IBM has real quantum capabilities that could potentially transform finance [3]. Group 2: Comparison with Other Investments - While acknowledging IBM's potential, there is a belief that certain AI stocks may offer higher returns with limited downside risk compared to IBM [3].

Core Insights - The article highlights the significant gains in quantum computing stocks, with companies like IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. experiencing increases of up to 1,490% over the trailing year, yet billionaire investors are favoring Alphabet as a more stable investment in this sector [4][5][22]. Quantum Computing Industry - Quantum computing is described as a transformative technology capable of solving complex problems that classical computers cannot, with potential applications in drug development, weather forecasting, and cybersecurity [6]. - Boston Consulting Group estimates that quantum computing could generate between $450 billion to $850 billion in global economic value over the next 15 years [7]. Investment Trends - Despite the impressive performance of quantum computing stocks, billionaire investors have largely avoided these companies, preferring to invest in Alphabet, a member of the "Magnificent Seven" [5][14]. - Historical trends indicate that early-stage innovations often experience bubble bursts, as seen with the internet boom, leading to cautious investment strategies among billionaires [10][12]. Financial Metrics - The trailing-12-month price-to-sales (P/S) ratios for IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. range from 130 to 2,661, indicating potential overvaluation compared to historical standards [13]. - Alphabet, on the other hand, is seen as a safer investment due to its established and profitable operating segments, including Google and YouTube, which provide substantial cash flow [15][20]. Alphabet's Position - Alphabet has a market capitalization of approximately $3,903 billion and maintains a strong position in the internet search market with a share of 89% to 93% [16][18]. - The company also has a significant presence in cloud services, with Google Cloud generating over $60 billion in annual run rate sales [19]. - With $98.5 billion in cash and equivalents, Alphabet is well-positioned to invest in quantum computing without jeopardizing its existing operations [20].

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 - Quantum computing is rapidly advancing, with significant breakthroughs occurring that may lead to real-world applications sooner than expected [4][5][6] - Major tech companies are investing heavily in quantum computing, indicating a growing recognition of its potential [2][11] - The Defiance Quantum ETF offers a diversified investment opportunity in the quantum computing sector, making it a practical choice for investors [3][10][15] Investment Landscape - The Defiance Quantum ETF includes top holdings such as Rigetti Computing ($73.3 million), Tower Semiconductor ($72.8 million), and Micron Technology ($60.3 million), among others [8] - The ETF was launched in 2018 and invests in approximately 70-80 stocks across various sectors related to quantum computing, with a reasonable expense ratio of 0.40% [10][12] - JPMorgan Chase, IBM, and Microsoft are among the companies committing substantial funds to quantum computing, with IBM planning to invest $30 billion in R&D [11] Market Dynamics - The rapid development in quantum computing mirrors the early days of AI, suggesting that early investment could yield significant returns [6][7] - The Defiance Quantum ETF's equal-weighted portfolio helps mitigate concentration risk, making it a safer option for investors looking to enter the quantum computing space [12][14] - The ETF's strategy of investing in a broad range of companies may be preferable for those looking to minimize risk in a high-growth, emerging sector [15]

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]

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 - GraniteShares has launched two new ETFs, RGYY and QBYY, aimed at providing income opportunities in the quantum computing sector [1][5][6] - The RGYY ETF focuses on Rigetti Computing, while the QBYY ETF targets D-Wave Quantum, both utilizing options strategies to generate income [2][3][4] Company Overview - GraniteShares is a leading issuer of ETFs, with a focus on innovative investment solutions and a strong presence in the leveraged single-stock ETF market [7][8] - As of November 24, 2025, GraniteShares has over $10.375 billion in assets under management, indicating significant growth and investor interest [8][6] Product Details - The RGYY ETF employs a strategy of selling put options on leveraged ETFs that track the 2x Long RGTI Daily ETF, targeting income generation [3] - The QBYY ETF follows a similar strategy, focusing on selling put options on leveraged ETFs that track the 2x Long QBTS Daily ETF [4] - Both ETFs are part of the YieldBOOST™ family, which applies systematic options strategies to high-growth sectors [5][6]