Key Points An influential researcher launched coverage of quantum stocks. It flagged three out of four of them as buys, but only rated Quantum Computing a hold. 10 stocks we like better than Quantum Computing › Even by the standards of Wednesday's downbeat stock market, Quantum Computing (NASDAQ: QUBT) was an outlier, and not in a good way. Following news of a C-suite move and the publication of a new analyst note on quantum stocks in general, investors aggressively traded out of Quantum Computing' ...

Core Viewpoint - Quantum Computing Inc. has experienced a significant decline in stock value, with shares down 23% this year and nearly 50% below all-time highs, raising questions about its future performance in 2026 [2][9]. Company Performance - Quantum Computing Inc. has generated only about $500,000 in revenue over the past year, while its outstanding share count has nearly doubled, indicating a lack of business traction at the enterprise level [6]. - The company has a market capitalization of $2.8 billion, which translates to an extremely high price-to-sales (P/S) ratio of nearly 3,300, the largest premium among its peers despite being the smallest in terms of revenue [10]. Market Potential - The total addressable market (TAM) for Quantum Computing Inc.'s focus area, photonic integrated circuits, is projected to be worth $66 billion by 2032, with applications across various critical industries such as healthcare, financial services, and energy management [3]. Investor Sentiment - The current sell-off in Quantum Computing stock is attributed to investor fatigue over dilution and a demand for tangible growth from commercial adoption of its technology [7]. - The stock is viewed as a potential value trap, with the suggestion that buying shares now may not reflect the company's underlying valuation [12]. Competitive Landscape - Compared to its peers, Quantum Computing Inc. is seen as a speculative investment, with investors looking towards larger tech companies like Amazon, Alphabet, Microsoft, IBM, and Nvidia for more stable exposure to the quantum computing movement [14][15].

Group 1 - AMD has acquired Enosemi, a startup focused on custom materials for silicon photonics product development, with deal terms undisclosed [1] - Silicon photonics technology uses light to transmit data, providing a faster and more efficient alternative to traditional electrical communication, which has garnered increasing interest from AMD and other chipmakers [1] - The acquisition aims to accelerate AMD's co-packaged optics innovation for AI systems, addressing the growing need for efficient data movement as AI models become larger and more complex [2] Group 2 - Enosemi, founded in 2023, specializes in photonic integrated circuits and has previously collaborated with AMD as an external development partner [2] - Prior to the acquisition, Enosemi raised $150,000 in venture capital funding and had 16 employees as of May [3] - This acquisition marks AMD's first following its significant $4.9 billion deal to buy ZT Systems, which AMD has since agreed to sell for $3 billion [4] Group 3 - AMD's AI chip revenue is projected to reach $5 billion in 2024, indicating a strong commitment to AI investments [4]