Quantum computing stocks in the US stock market continue to soar in the last month of 2024.
According to the Zhito Finance APP, US quantum computing stocks continued to soar in the last month of 2024. Rigetti Computing (RGTI.US) surged by 36% at the close on Thursday. D-Wave Quantum (QBTS.US) rose by 24%, Quantum Computing (QUBT.US) increased by 12.5%, and IonQ Inc (IONQ.US) climbed 8%. At the same time, Arqit Quantum (ARQQ.US) skyrocketed by 50% at the close.
Seeking Alpha Analyst Joseph Parrish stated that although Rigetti has potential, investors must be patient to see these results materialize.
Parrish mentioned: "Rigetti gives us hope for the popularization of quantum computing technology, but I believe this possibility will not be realized until the end of this decade, and in this process, companies that need to raise funds will face several risks."
Rigetti's stock price has increased by 543% this month, which is unbelievable. D-Wave has soared by 275% during the same period. Meanwhile, several Analysts believe that IonQ is the most compelling investment among these stocks, with the share price increasing by 52% in the last month of 2024, a rather moderate increase compared to its peers.
James Foord, head of The Pragmatic Investor investment group, stated: "IonQ's financial health is good, with no debt and $0.36 billion in cash, reducing the risks of equity dilution and bankruptcy, despite the company experiencing operating losses."
He added: "Among publicly traded quantum stocks, this company's fundamentals are the most impressive, and I believe it has superior technology and a stronger development roadmap."
Foord stated: "Unlike other companies in the industry, IonQ has actually provided quantum computing services to customers through most major cloud providers."