Recently, the quantum computing concept has continued to be popular in US stocks, and many individual stock prices have reached new highs.

Multiple stocks hit record highs

Overnight, Rigetti Computing (RGTI), known as “Nvidia in the quantum computing world,” continued its stock price spree.

The stock rose by more than 24% in the intraday period, reaching a record high of 19.35 US dollars/share, and finally closed up 10%. The stock price was 17.08 US dollars/share, with a total market value of 4.783 billion US dollars.

Over the past month, Rigetti Computing has risen by more than 460%, with a cumulative increase of more than 2081% over the past 3 months.

Meanwhile, Quantum Computing (QUBT) recently hit a record high, closing down 4.63% overnight, with a cumulative increase of more than 2710% over the past 3 months. The latest report was 18.35 US dollars/share, with a total market value of 2.211 billion US dollars.

D-Wave Quantum (QBTS) hit a new high overnight intraday high, eventually closing up 0.1%, with a cumulative increase of more than 908% over the past 3 months. The latest report was $9.91 per share, with a total market capitalization of $2.448 billion.

IonQ (IONQ) hit a record high in the intraday session on Thursday, closing down 5.72% overnight, with a cumulative increase of more than 420% over the past 3 months. The latest report was 45.48 US dollars/share, with a total market capitalization of 9.842 billion US dollars.

According to data, Rigetti Computing produces quantum computers and processors, and builds a cloud platform to provide developers with relevant tools.

The quantum computing device Dirac launched by Quantum Computing can be applied to fields such as artificial intelligence, network security, and remote sensing.

D-Wave Quantum focuses on quantum annealing technology, which can transform cryptographic attacks into combinatorial optimization problems.

IonQ's core technology is quantum computation based on ion traps, which can be applied to drug development and engineering simulation.

The market potential is huge

Compared to statistical computation, quantum computing has excellent parallel computing capabilities, and is expected to lead a new round of technological revolution after the rise of AI.

Earlier, on December 9, Google released its latest quantum chip “Willow,” which achieved key technological breakthroughs in computational power and error correction capabilities, and completed the computation of one of today's fastest supercomputers that would take 10²years to complete within 5 minutes.

In addition, overseas tech giants such as Nvidia, Microsoft, and Amazon are also deploying quantum computing.

At present, although the development and commercialization of quantum computing is still in its early stages, it is expected to spread widely to various fields as technology continues to break through.

As a result, there is huge room for development in the quantum computing industry. According to ICV and photon box data, the global quantum computing industry is about 4.7 billion US dollars in 2023. It is expected to exceed 800 billion US dollars in 2035, and the CAGR will reach 54% in 2023-2035.

Looking at the industrial chain, the upstream of quantum computing includes environmental support systems, measurement and control systems, and core equipment components, etc., involving many aspects such as diluted refrigerants, vacuum systems, low temperature components, optical devices, etc., and is the foundation of the entire quantum computing industry ecosystem.

The midstream includes quantum computing prototype manufacturers and software vendors, and is a core part of the quantum computing industry ecosystem.

Downstream includes quantum computing cloud platform suppliers and industry application companies. Among them, the financial, chemical, pharmaceutical, transportation and other industries have great application potential.

In terms of investment, Zheshang Securities believes that considering that the overall practical implementation of quantum computing has not yet broken through, improving hardware performance is the foundation, and quantum chips are the key to mainstream superconducting quantum computing to maintain a low temperature environment, so opportunities in quantum chips and dilution chillers can be focused on.

List of potential beneficiaries

National Technology: A leading domestic trusted chip company with a technical layout in the field of quantum chips.

Hexin Instruments: It has announced that it intends to acquire Liangxi Technology, a leading domestic quantum computing laboratory.

Fudan Fuhua: Partnering with Genyuan Quantum to develop superconducting quantum computers.

National Shield Quantum: China Telecom Quantum has developed a superconducting quantum computer “Tianyan-50” based on the “Xiaohong” chip.

HKUST Guochuang: Invested in the quantum precision measurement company Guoyi Quantum.

Kehua Data: Cooperated with Bose Quantum to provide customers with quantum computing services.

Shenzhou Information: In close cooperation with Guodian Quantum, the company has won multiple bids for quantum communication projects.

Zhejiang Dongfang: Holds shares in Shenzhou Quantum and is deeply involved in the field of quantum communication technology.

Yoshida Masaharu: Issuing traditional cryptography and quantum-resistant hybrid keys.

Sichuang Electronics: CLP 38 has quantum communication technology.

Xiongdi Technology: It is developing quantum cryptographic security products.

Ger Software: The subsidiary Hongge Quantum Technology is dedicated to quantum cryptography technology research.

Sanwei Xin'an: The company released a new generation of anti-quantum cryptography products.