Regetti, D-Wave, and SoundHound surged over 1,000% in 2024: just getting started 🤔🧐

Throughout 2024, the gem of specific small-cap stocks in the Russell 2000 has surged beyond expectations, increasing by over 1,000% year-to-date.
Using a methodology focusing on high-volume tech stocks rated above "Buy," Benzinga has identified three winners.
Analysts still see room for debate. The reasons are as follows.

1. Riggity Computing: YTD increase - 1,578%
Quantum computing is becoming more than just a buzzword, evolving into a significant business. Riggity Computing Inc (NASDAQ: RGTI) leads the industry with its quantum cloud services (QCS) platform and innovative quantum processors.

Why the sudden surge? Riggity's pick-and-shovel business model positions them as the backbone of quantum computing. Their cloud platform seamlessly integrates traditional hardware, making quantum power more accessible. Analysts compare Riggity to an early-stage Nvidia. With a strong cash position, the company seems ready for further innovation.
Points to note: Revenue remains modest (2.4 million dollars in Q3 of 2024), while losses are still significant. However, if Riggity can crack the code on scaling quantum technology, there may be substantial returns.

D-Wave Quantum Inc (NYSE: QBTS) is redefining problems solving using the Quantum Computing as a Service (QCaaS) model. The company's annealing quantum computer, capable of solving logistics and financial optimization issues, is attracting investors' interest.
The appeal lies in D-Wave's focus on real-world applications ranging from supply chain optimization to drug discovery. While their cloud-based tools make quantum computing more accessible, collaborations with major industries suggest a bright future.
What are the challenges? Like its competitors, D-Wave's revenue (9.4 million dollars) pales in comparison to its operating losses (74 million dollars). However, the sharp increase in stock price reflects growing confidence in the transformative potential of its technology.

SoundHound AI Inc. (NASDAQ: SOUN) is riding the wave of artificial intelligence, with a revenue increase of 89% in the third quarter of 2024. The secret sauce? Partnerships like Apivia Courtage have revolutionized customer interactions, directly reducing inquiries by 20% using their AI tools.
The company is expanding into various fields such as Health Care, Retail, and Finance to strengthen its role in conversational AI. While analysts are setting ambitious price targets, SoundHound is proving that there is still ample room in the AI market.
Noteworthy Stocks
From Quantum Computing to Conversational AI, these 3 stocks have brought remarkable profits in 2024. While these emerging industries come with risks, they are becoming noteworthy due to their explosive potential.

Whether you are a technology enthusiast or an investor looking for the next big thing, the future and stock prices of these companies may truly bring about a transformation.