Core Viewpoint - Former hedge fund manager Jim Cramer warns investors to sell into the "snapback" momentum in speculative sectors, emphasizing the need to avoid being misled by temporary rallies [1][2]. Speculative Sectors - Cramer identifies specific sectors such as quantum computing, data centers, nuclear energy, and precious metals (gold and silver) as areas where speculative plays will persist despite recent declines [2]. - He advises that investors should consider selling during any recovery attempts, as these sectors have become disconnected from their fundamentals [2]. Market Performance - Recent trading has shown steep declines in speculative stocks, with gold and silver experiencing their largest single-day drops in years, falling by 5.2% and 6.7% respectively [3]. - Quantum computing stocks like Rigetti Computing Inc. (down 7.64%), Quantum Computing Inc. (down 7.41%), and D-Wave Quantum Inc. (down 6.42%) have also seen significant declines, alongside nuclear energy company Oklo Inc. (down 12.33%) [4]. - Data center stocks such as IREN Ltd. (down 6.80%) and CoreWeave Inc. (down 1.57%) are also experiencing downward pressure [4]. Broader Market Context - Despite the declines in these speculative sectors, major indices remained relatively flat, with the S&P 500 up 0.003%, Nasdaq Composite down 0.16%, and Dow Jones Industrial Average up 0.47% [5].

Core Insights - Quantum Computing Inc. (QUBT) has made significant advancements in scaling its quantum and photonic technology platforms while enhancing its financial position and commercial reach through 2025 [1] - The company has secured key contracts with NASA, NIST, and Delft University, and has shipped its first commercial entangled photon source to South Korea [2] - Multiple capital raises, including a $200 million financing in June and oversubscribed offerings totaling over $1 billion by October, have strengthened QUBT's balance sheet [3] Financial Performance - Year-to-date, QUBT's stock has underperformed the industry, sector, and S&P 500, with a growth of only 4.4% [6] - The company's second-quarter 2025 results showed minimal revenues of $61,000 and a widening net loss of $36 million, indicating execution risks [6][9] - Estimates for QUBT's third-quarter loss have narrowed from 6 cents to 5 cents per share, but estimates for the full year have widened from a loss of 17 cents to 25 cents [14] Market Position and Growth Potential - QUBT's long-term growth is driven by its quantum systems and thin-film lithium niobate (TFLN) photonic chip foundry, with products like the Quantum Photonic Vibrometer and EmuCore reservoir computing platform being shipped to various clients [10] - The Tempe, AZ foundry is expected to generate meaningful revenues within 12-18 months, supported by partnerships with NASA and NIST [11] - QUBT is currently trading 43.6% below its average Zacks price target, indicating potential for near-term upside [12] Challenges and Risks - Despite technological advancements, QUBT faces near-term challenges including rising operating expenses, heavy investment needs, and dependence on future customer adoption [6][9] - Global trade frictions and tightening export controls on advanced semiconductors and quantum technologies present additional headwinds for the quantum and photonics ecosystem [7] - Supply chain disruptions and geopolitical uncertainties could impact access to critical materials, slow down production ramp-up, and increase costs [7]

IonQ (IONQ) shares are in focus at the time of writing after the company based out of College Park, Maryland announced a major technical breakthrough, achieving 99.99% two-qubit gate fidelity. IONQ is now the world’s only quantum technology company to have achieved that milestone. The news arrives only weeks after it completed its $1.07 billion acquisition of Oxford Ionics. More News from Barchart That said, IonQ stock is currently down over 30% versus its year-to-date high set on Oct. 13. www.barchart ...

Core Points - SuperQ Quantum Computing Inc. has successfully closed a financing round, raising a total of $3,450,000 through the issuance of 3,285,713 units at a price of $1.05 per unit, including the full exercise of the over-allotment option [1][2] - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the purchase of an additional share at $1.40 for a period of thirty-six months [2] - The offering was led by Hampton Securities Limited, which received a 7% cash commission on the gross proceeds and broker warrants equivalent to 7% of the units issued [3] Use of Proceeds - The net proceeds from the offering will be utilized for quantum hardware development, including human resources, lab facilities, software, equipment, research, product development, and general working capital needs [4] Regulatory Information - The units were sold under specific Canadian securities regulations and are not subject to a hold period, while broker warrants are subject to a four-month and one-day hold period [5] Company Overview - SuperQ Quantum Computing Inc. aims to lead in quantum and supercomputing solutions, targeting enterprise transformation and providing direct ROI for global organizations [6][7] - The company's flagship Super™ platform is designed to make advanced computational power accessible, enabling various sectors to address complex challenges effectively [7]

Group 1 - D-Wave Quantum Inc. (NYSE:QBTS) experienced a significant decline, losing 10.25% to close at $34.40, marking its third consecutive day of losses due to investors selling off positions following the redemption of outstanding warrants [1][4]. - The company has approximately 5 million outstanding warrants that are exercisable until November 19, 2025, which could lead to the issuance of about 7.2 million shares, resulting in less than 2.1% dilution for existing shareholders if all are exercised [2][3]. - Any unexercised warrants will be redeemed for $0.01 each upon expiration, as per the company's warrant agreement [3]. Group 2 - D-Wave Quantum recently partnered with Swiss Quantum Technology SA to deploy a D-Wave Advantage2 annealing quantum computer in Europe, involving a commitment of 10 million euros from Swiss Quantum, with an option to purchase the system [3][4].

Group 1 - Rigetti Computing, Inc. (NASDAQ:RGTI) has experienced significant losses, falling for three consecutive days as investors shift their focus from quantum computing stocks to larger earners during the third quarter earnings season [1][2] - The decline in Rigetti's stock is part of a broader trend affecting other quantum computing companies such as Quantum Computing Inc., IonQ Inc., and D-Wave Quantum Inc., indicating a decrease in investor appetite for the quantum computing sector [2] - Despite receiving $5.7 million in new orders for its 9-qubit Novera computing system, Rigetti remains in a pre-profit stage, relying heavily on fundraising to support business expansion [3][2] Group 2 - The quantum computing industry is characterized by rising valuations and government support, yet it continues to struggle with profitability, which may deter investors in favor of more established sectors [2] - There is a belief that certain AI stocks present better investment opportunities compared to Rigetti, suggesting a potential shift in investment strategies among market participants [4]

Core Insights - The article discusses the current trends in money flows among various stocks, particularly focusing on Rigetti Computing Inc (RGTI) and the broader market dynamics involving the "Magnificent Seven" stocks [4][5][6][13] - There is a notable shift where "smart money" is beginning to sell RGTI stock, while the "momo crowd" continues to buy aggressively, indicating a potential divergence in market sentiment [13] - The article highlights the significant potential in sectors like quantum computing, space, and nuclear stocks, despite the current overvaluation driven by speculative buying [13] Money Flows - Positive money flows are observed in Amazon.com, Meta Platforms, and NVIDIA, while negative flows are noted in Apple, Alphabet, and Tesla [5][6] - The SPDR S&P 500 ETF Trust and Invesco QQQ Trust are experiencing neutral money flows, indicating a stable interest in these broader market indices [7] Sector Analysis - The article mentions aggressive buying in rare earth mineral stocks following a deal between the U.S. and Australia, with notable increases in Australian stocks [13] - U.S.-based rare earth stocks are seeing selling pressure due to anticipated competition from Australia [13] Earnings and Economic Indicators - Approximately 20% of S&P 500 companies are set to report earnings this week, with strong early results from General Motors [13] - Investors are awaiting inflation data scheduled for release on October 24, which could impact market sentiment [13]

Group 1 - Stocks with negative EPS have significantly outperformed those with positive earnings recently, with unprofitable firms leading gains in broader indexes like the Russell 2000, where approximately 40% of companies reported zero or negative earnings [1][2] - The market is experiencing a unique condition where speculative fervor and optimism towards innovation and growth potential are prioritized over short-term profitability, reminiscent of late-cycle rallies during the dotcom bubble [2][4] - Retail investors are increasingly attracted to companies with negative EPS, particularly those recognized for their disruptive technologies, indicating a broad market enthusiasm for speculative growth over immediate profits [3][4] Group 2 - Plug Power, Inc. has reported negative earnings while investing heavily in infrastructure, with its shares gaining 300% over the past six months [4] - Oklo, Inc., a nuclear startup facing early operational losses, has seen its shares rise 600% since April, driven by the demand for power from the AI revolution [4] - Beyond Meat, Inc., known for its plant-based foods, has experienced a stock increase of over 170% in the last two days despite ongoing losses [4] - Rigetti Computing, Inc., a quantum computing company with no profits, has gained 425% in the past six months [4]

Core Insights - Quantum computing is attracting significant investment, with some stocks experiencing exponential growth, drawing billions in capital as investors anticipate revolutionary advancements [1][2] Company Developments - IonQ announced a major technical milestone, achieving 99.99% fidelity in two-qubit gates, setting a new world record, which is crucial for reliable quantum computations [3][4] - This "four nines" fidelity surpasses the previous record of 99.97% and is the first instance of this level being achieved on mass-producible chips [4] - IonQ's use of electronic qubit control (EQC) technology allows for cheaper production, greater stability, and easier scalability compared to traditional laser-based methods [5][6] - The milestone validates IonQ's acquisition of Oxford Ionics and accelerates its roadmap, with projections to demonstrate 256-qubit systems by 2026 and ambitions for millions of qubits by 2030 [6] Industry Implications - The achievement of high fidelity significantly reduces the overhead for error correction, with IonQ claiming up to a 10 billion times improvement over older benchmarks [7] - This advancement shortens the path to commercial viability for quantum computing, enabling machines to address real-world problems without requiring impractically large hardware [7] - Industries such as pharmaceuticals are expected to benefit first, with IonQ already demonstrating a 20x speed-up in drug discovery [8]

Core Viewpoint - IonQ is on track to develop quantum computers with millions of qubits by the year 2030 [1] Company Summary - IonQ aims to achieve a significant milestone in quantum computing by building systems that can handle millions of qubits, which is expected to enhance computational power and capabilities [1]