Core Viewpoint - The combined entity, D-Wave, aims to introduce quantum computers to the market by 2026 [1] Company Summary - D-Wave is focused on the development and commercialization of quantum computing technology [1]

Core Viewpoint - Rigetti Computing has experienced a significant decline in stock price, dropping 60% from its peak of $56 in October, indicating that the hype surrounding the stock may not be supported by fundamental improvements in the business [2][10]. Company Overview - Rigetti Computing is a quantum computing start-up with a current market cap of $7.8 billion and a stock price of $23.60, which has fluctuated between $5.95 and $58.15 over the past year [3]. - The company is focused on the hardware side of quantum computing, aiming to provide essential components for other enterprises to leverage this emerging technology [4][9]. Industry Context - Quantum computing is still largely theoretical, with significant advancements needed before it becomes commercially viable. Industry leaders like Alphabet and IBM estimate that practical quantum computers are still four to five years away [11]. - The potential of quantum computing lies in its ability to solve complex problems, which could lead to substantial shareholder value through applications in drug discovery, logistics, and more [4]. Financial Performance - Rigetti's third-quarter earnings report showed an 18% year-over-year revenue decline to $1.95 billion, with operating losses increasing to $20.5 billion, highlighting the challenges the company faces in covering its R&D expenses [10]. - The company's price-to-sales (P/S) ratio stands at 843, significantly higher than the S&P 500 average of 3.4, suggesting that the stock may still be overvalued [12]. Future Outlook - The timeline for quantum computing readiness is uncertain, with Rigetti likely not advancing faster than larger competitors, which raises questions about its ability to generate shareholder value in the near term [11][13]. - The company is positioned to manufacture its own chips in the U.S., which could provide political protection and opportunities similar to those of Taiwan Semiconductor Manufacturing in traditional semiconductors [6].

Rigetti Computing Inc. (NASDAQ:RGTI) is one of the most active US stocks to buy according to analysts. On December 17, Wedbush initiated coverage of Rigetti Computing with an Outperform rating and $35 price target. The firm views Rigetti as a prime beneficiary of the growing quantum sector, citing its decade of expertise and focus on superconducting qubits. This specific technology leads the field in versatility and use cases, backed by heavy funding from major global players and government entities, there ...

Core Viewpoint - Quantum Computing Inc. (NASDAQ: QUBT) presents an exciting investment trend in quantum computing, but it is not considered a safe investment option due to various risks involved [1] Company Overview - Quantum Computing Inc. is developing quantum computers that operate at room temperature, which may offer a more practical long-term solution compared to competitors relying on cryogenic cooling [2] - The company has a strong balance sheet with over $1.5 billion in cash and investments, providing liquidity to support its operations for the next three years [3] Financial Performance - For the third quarter of 2025, Quantum Computing Inc. reported revenue of $384,000, with total revenue over the last 12 months being less than $1 million, indicating it is still in the research phase [4] Business Strategy - The company aims to fabricate its own quantum computing hardware, currently using facilities for testing and delivering prototypes, with plans to scale production to a commercial level over the next three years [5] Risks - Execution risk is significant, as scaling production is challenging, and the company may fall behind competitors who are already advancing in production capabilities [6] - Competition risk is heightened due to the rapid developments in the quantum computing space, with established players like Intel already scaling their operations [6] - Shareholder value dilution is a concern, as the company's cash position has been bolstered by issuing new shares, leading to an increasing outstanding share count [7]

Core Insights - The integration of quantum technology into drones is essential for advancing quantum networking, computing, and sensing across various domains [1][3][4] - The company is collaborating with a pioneering drone organization to enhance fleet coordination, surveillance, and signal detection using quantum computing and sensors [5][6] Quantum Technology Applications - Quantum sensors are currently utilized in submarines for inertial navigation and on ships, while quantum networks and computers are operational on land [2] - The partnership aims to embed quantum sensors into drone platforms for improved positioning and navigation capabilities [5] Performance and Achievements - The company has achieved significant advancements in quantum computing, including a 20x performance improvement over classical computation, reducing a month of processing to just a day and a half [9][10] - The latest quantum computer, announced recently, is reported to be 260 million times more powerful than previous models, with aspirations to further reduce computation time [10] Market Position and Financials - The company has raised $3 billion between July and October, establishing credibility in the quantum sector and enhancing government and private sector engagement [12] - Despite a 47% decline in share price from its peak, the company continues to pioneer in the quantum computing field, having invented the category in 1995 [11][12]

Core Insights - IBM Corp is collaborating with Cisco Systems to develop a network of large-scale, fault-tolerant quantum computers, aiming to provide a proof-of-concept within five years and complete the project by early next decade [1] Stock Performance - IBM shares have increased by 2.9%, reaching $296.81, following the announcement of the partnership with Cisco [1] - The stock recently experienced a pullback from its record high of $324.90 on November 12, but is up 35.2% year-to-date [2] Options Trading Activity - There has been a notable increase in put trading activity for IBM, with a 10-day put/call volume ratio of 0.91, ranking higher than 90% of readings from the past year [3] - Despite the increase in put activity, call options are still more prevalent in absolute terms, indicating a mixed sentiment among options traders [3] - IBM has a Schaeffer's Volatility Scorecard (SVS) of 93 out of 100, suggesting that the company tends to outperform options traders' volatility expectations [3]

Core Insights - IonQ is valued at over $20 billion and specializes in quantum computing and networking, providing access to its systems via major cloud platforms like AWS, Azure, and Google Cloud [1] - The company also offers quantum-safe networking solutions, quantum key distribution systems, random number generators, and consulting services for quantum applications [2] Financial Performance - IonQ's stock has nearly tripled in value over the past year, with Q3 results expected to be a significant driver for shares [3] - Revenue for Q2 reached $20.7 million, exceeding guidance by 15%, attributed to accelerated project implementations [4] - Full-year 2025 revenue guidance has been raised to between $82 million and $100 million, with Q3 2025 sales forecasted to grow to $27 million from $12.4 million year-over-year [3][5] Strategic Developments - IonQ completed a $1 billion capital raise, marking the largest single institutional investment in quantum computing history [4] - The acquisition of Oxford Ionics aims to achieve a target of 800 logical qubits by 2027 and 80,000 by 2030, positioning the company with a significant technical lead over competitors [5] - Recent acquisitions of Lightsynq and Capella Space enhance IonQ's quantum networking capabilities, including the only commercially certified quantum key distribution products globally [6]

Core Insights - The investment in artificial intelligence (AI) and its innovators has been a significant driver of stock market growth in 2025, with companies across various sectors recognizing the value of AI technologies [1] - IBM has made a notable advancement in quantum computing by demonstrating that its error correction algorithm can operate on standard AMD processing chips, which could accelerate the development of quantum computing [2] - The potential of quantum computing to enhance processing power may significantly boost AI innovation, as seen with AI programs utilizing quantum computing transformers for complex problem-solving [4] Company Developments - IBM's research indicates that its quantum computing solutions can address common issues in the field, which could lead to substantial progress for the entire quantum computing sector [2] - The implementation of IBM's quantum computing algorithm is reported to be ten times faster than required, highlighting its significance in the industry [3] Investment Opportunities - The ROBO Global Artificial Intelligence ETF (THNQ) includes IBM among other companies linked to the AI growth narrative, tracking the ROBO Global Artificial Intelligence Index [5] - The THNQ ETF has achieved a return of 19.2% over the last three months, outperforming its category, and has also shown strong performance over one, three, and five-year periods, making it an attractive option for investors seeking AI exposure [6]

Core Insights - IonQ, Inc. (NYSE:IONQ) has experienced significant stock price volatility, dropping from $84 to $59 in a span of ten days, indicating a speculative nature in the current market environment [1] - The company is recognized for providing access to quantum computers through cloud platforms and its own services, including hardware systems and quantum-safe networking [2] - There is a belief that IonQ may receive government funding, which could lead to a rebound in stock price, suggesting it is viewed as a trading vehicle rather than a long-term investment [1] Company Overview - IonQ specializes in quantum computing technology, offering various services and products that include hardware systems and detection technologies [2] - The company is mentioned in the context of a broader trend where growth companies may need to conduct stock offerings to raise capital, reminiscent of the internet crash of 2000 [2] Market Context - The current sentiment suggests that while IonQ has potential, certain AI stocks are perceived to offer greater upside potential with less downside risk [2] - The article hints at a strategic focus on undervalued AI stocks that could benefit from economic trends such as tariffs and onshoring [2]

Company Overview - Rigetti Computing stock (NASDAQ: RGTI) has seen a significant decline of 23% in less than a month, dropping from $56 on October 15, 2025, to $43, reflecting a broader pullback in the quantum computing sector after a speculative rally [2] - The company's business model relies on limited revenue from research partnerships, specialized hardware sales, and government contracts, while incurring substantial cash burn for research and development [9] Stock Performance - The stock has historically shown a median return of 268% over one year and a peak return of 379% following sharp dips of over 30% within 30 days [4][7] - A price target of $30 is considered realistic, as the stock has previously traded near this level [3] Market Context - The quantum computing industry is still in its nascent stage, focusing on fundamental development and is years away from widespread commercial application, making traditional financial metrics less relevant [8] - Investor enthusiasm for the quantum industry has led to dramatic price swings in RGTI stock, which may continue as the market corrects [2][6]