Industry Overview - Quantum computing is experiencing renewed momentum with significant investments and advancements in the field [1] - Recent breakthroughs include Google's Willow chip, which can perform calculations in minutes that would take supercomputers years [1] Company: IBM - IBM is identified as a leading player in quantum computing, with its stock gaining 27% year to date and currently valued at $280 [2] - The 'Starling' initiative aims to develop a large-scale, fault-tolerant quantum computer by 2029, and the company has introduced the Condor chip featuring over 1,000 qubits [3] - IBM's strong financial position supports its R&D efforts, positioning the company for quantum leadership while maintaining value in its core business segments [4] Company: IonQ - IonQ is highlighted as a high-risk, high-reward investment, focusing exclusively on quantum computing and utilizing trapped-ion technology [5] - The company recently acquired Oxford Ionics for $1.1 billion, indicating its ambition to scale quantum systems, with its stock rising over 20% in the past month, though down nearly 8% year to date, trading at $39 [7] - IonQ reported Q1 2025 revenue of $7.57 million, slightly above estimates, and narrowed its net loss to $32.3 million from $39.6 million the previous year [9]