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Summary of quantum computing stocks: D-Wave, Rigetti, and IonQ are leading the explosive growth.
Quantum computing stocks have experienced significant surges driven by industry advancements, key partnerships, and increasing investor interest.
This emerging technology sector is gaining momentum, holding significant potential in areas such as drug discovery, cryptography, and artificial intelligence, making quantum computing a key focus for investors.
This emerging technology sector is gaining momentum, holding significant potential in areas such as drug discovery, cryptography, and artificial intelligence, making quantum computing a key focus for investors.
According to Benzinga Pro, one of the companies showing outstanding performance is D-Wave Quantum Inc. (NYSE: QBTS), with its stock price increasing significantly by 246% in the past month.
Recently, D-Wave's CEO, Alan Baratz, appeared on Fox Business's 'Making Money' with Charles Payne to discuss the company's pioneering efforts in quantum computing.
Recently, D-Wave's CEO, Alan Baratz, appeared on Fox Business's 'Making Money' with Charles Payne to discuss the company's pioneering efforts in quantum computing.
D-Wave specializes in annealing, a quantum computing technology particularly well-suited for solving optimization problems prevalent in various industries.
On November 25th, B. Riley Securities maintained a buy rating on D-Wave and raised the expected price from $3.75 to $4.5.
Recently, D-Wave participated in the Quantum Technology Forum at the University of Southern California (USC).
During the event, D-Wave introduced advancements in annealing quantum computing technology and announced practical use cases from commercial and research clients. USC especially highlights the company's presence with the D-Wave Advantage quantum system for both academic and corporate purposes.
According to Benzinga Pro, QBTS stock has risen over 517% year-to-date. Investors can gain exposure to stocks through the Defiance Quantum ETF (NASDAQ: QTUM).
Let's explore the factors behind this rapid growth and take a closer look at three other leading companies in the field of quantum computing.
During the event, D-Wave introduced advancements in annealing quantum computing technology and announced practical use cases from commercial and research clients. USC especially highlights the company's presence with the D-Wave Advantage quantum system for both academic and corporate purposes.
According to Benzinga Pro, QBTS stock has risen over 517% year-to-date. Investors can gain exposure to stocks through the Defiance Quantum ETF (NASDAQ: QTUM).
Let's explore the factors behind this rapid growth and take a closer look at three other leading companies in the field of quantum computing.
Rigetti Computing Inc. (NASDAQ: RGTI): RGTI's stock price has risen over 206% in the past month.
On November 25, B. Riley Securities once again announced a buy rating on the same stock and raised the estimated price from $3.5 to $4.
Last month, the company signed a contract with two institutions to sell 50 million common shares at $2.00 per share, raising approximately $0.1 billion before deducting fees and expenses.
The company also announced that the Novel Quantum Processor (QPU) has been installed at the Israel Quantum Computing Center (IQCC), with Quantum Machines' OPX1000 control system and NVIDIA's Grace Hopper Superchip server installed for research and experimentation. This is the first commercially available QPU by Rigetti.
Investors can gain exposure to stocks through the Defiance Quantum ETF (NASDAQ: QTUM).
On November 25, B. Riley Securities once again announced a buy rating on the same stock and raised the estimated price from $3.5 to $4.
Last month, the company signed a contract with two institutions to sell 50 million common shares at $2.00 per share, raising approximately $0.1 billion before deducting fees and expenses.
The company also announced that the Novel Quantum Processor (QPU) has been installed at the Israel Quantum Computing Center (IQCC), with Quantum Machines' OPX1000 control system and NVIDIA's Grace Hopper Superchip server installed for research and experimentation. This is the first commercially available QPU by Rigetti.
Investors can gain exposure to stocks through the Defiance Quantum ETF (NASDAQ: QTUM).
IonQ, Inc. (New York Stock Exchange: IONQ): The stock price has risen by over 70% in the past month.
Last month, Craig Hallum reiterated a buy rating on the same stock and raised the estimated price from $15 to $22.
According to MarketBeat, the company's momentum has been supported by key developments over the past year, such as a $54.5 million contract with the US Air Force Research Laboratory and a partnership with the South Korean government to develop the quantum market.
IonQ has partnered with Zapata Computing to leverage Nvidia's CUDA-Q platform and utilize the thriving AI market to test large language models on its quantum system.
Investors can gain exposure to stocks through the Main Theme Innovation ETF (BATS: TMAT).
Last month, Craig Hallum reiterated a buy rating on the same stock and raised the estimated price from $15 to $22.
According to MarketBeat, the company's momentum has been supported by key developments over the past year, such as a $54.5 million contract with the US Air Force Research Laboratory and a partnership with the South Korean government to develop the quantum market.
IonQ has partnered with Zapata Computing to leverage Nvidia's CUDA-Q platform and utilize the thriving AI market to test large language models on its quantum system.
Investors can gain exposure to stocks through the Main Theme Innovation ETF (BATS: TMAT).
Quantum Computing Co., Ltd. (NASDAQ: QUBT): The stock price has surged over 487% in the past month and over 790% year-to-date.
Last month, this small-cap company entered into a securities purchase agreement to sell 16 million common shares at $2.50 per share in accordance with Nasdaq rules. This offering resulted in total revenue reaching $40 million.
On November 20th, the company received a second purchase order for Lithium Niobate (TFLN) photonic chip foundry from the University of Texas at Austin.
This order is to support research in the university's RF Acoustic Microsystems Group, as part of the QCi Foundry's pilot launch program, scheduled to be completed in the first quarter of 2025.
Last month, this small-cap company entered into a securities purchase agreement to sell 16 million common shares at $2.50 per share in accordance with Nasdaq rules. This offering resulted in total revenue reaching $40 million.
On November 20th, the company received a second purchase order for Lithium Niobate (TFLN) photonic chip foundry from the University of Texas at Austin.
This order is to support research in the university's RF Acoustic Microsystems Group, as part of the QCi Foundry's pilot launch program, scheduled to be completed in the first quarter of 2025.
The quantum computing sector is experiencing rapid growth driven by groundbreaking technologies and strategic partnerships. These companies continue to innovate, remaining significant players sought after by investors looking to enter this fast-paced industry transformation.
Benzinga · 2024/12/09
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coco0217 : It will keep growing steadily in the future -