Quantum flying! Quantum computing stocks in the US market have exploded, with trading volume surpassing Berkshire!

Recently, there has been a continuous stream of news in the field of quantum computing. Although commercialization is still far off, it has already sparked a wave of market activity in U.S. stocks.

On Monday, trading enthusiasm for quantum computing stocks surged. In terms of trading volume in U.S. dollars, Rigetti Computing (RGTI) surpassed the trading volume of the U.S. Treasury ETF TLT, IonQ (IONQ) exceeded JP Morgan's trading volume, Quantum Computing (QUBT) outperformed Intel, and D-Wave Quantum (QBTS) surpassed Berkshire Hathaway, owned by Warren Buffett.

Among them, Quantum Computing led the quantum stocks, soaring 65.25% overnight, with a cumulative increase of over 360% in the past month; D-Wave Quantum rose 45% overnight, with a surge of over 400% in the past month; Rigetti Computing increased nearly 18% overnight, with a cumulative rise of 548% in the past month!

IonQ soared 23% to $41.81 in Monday's trading, with a cumulative increase of 66% over the past month. On Monday, Morgan Stanley raised IonQ's target price from $14.90 to over $37, more than doubling it.

Morgan Stanley analyst Joseph Moore and others stated, "We cannot pinpoint a clear catalyst for the appreciation of stocks in this field during this period, but we do see ongoing signs that investment in quantum should continue to grow rapidly... Clearly, the market is enthusiastic about the potential for quantum technology to participate in the $200 billion AI TAM by 2026, although we believe this is still uncertain."

There has been a recent influx of news in the quantum computing field, including a recent bill proposed by U.S. Congress members that authorizes the federal government to provide $2.7 billion in funding for quantum technology.

On the company level, Amazon AWS recently launched a program called "Quantum Embark," aimed at helping customers prepare for the quantum computing era; last week, Google released a new quantum computing chip named Willow, triggering a surge in quantum computing stocks.

How are U.S. quantum stocks performing?

The U.S. stock investment website founded by former New York Stock Exchange analyst Ken analyzed the fundamentals of five quantum computing companies.

The conclusion is that, from a risk perspective, QUBT and QBTS carry higher risks. QUBT faces significant cash flow pressure and uncertain commercialization progress, potentially requiring more financing to maintain operations. QBTS faces high hardware costs and a competitive environment, which may lead to a valuation correction. In contrast, RGTI and QMCO have lower risksRGTI is steadily advancing its development through technological cooperation, and its commercialization progress is relatively robust, while QMCO has enhanced market confidence and reduced risks through financial improvements and new product launches.

In terms of return potential, this analysis finds that IONQ and RGTI are more attractive. IONQ consolidates its market position with leading ion trap technology and large government orders, while RGTI brings stable growth expectations through the development and commercialization of quantum chips. In contrast, QUBT and QBTS have limited short-term returns, suitable for investors who are patient enough to wait for technological breakthroughs.

The summary is as follows:

Leader in the Quantum Computing Industry: IonQ (IONQ)

Market Value and Partnerships: IONQ is one of the highest-valued quantum computing companies, collaborating with AstraZeneca and Ansys, showcasing the practical application value of quantum computing in drug development and engineering simulation;

Technological Advantage: IONQ's core technology is based on ion trap quantum computing, which has high qubit fidelity and stability, showing significant advantages in handling complex computational tasks;

Financial Situation: IONQ's revenue slightly exceeds $31 million, but it has consumed about $84 million in free cash flow, with an expected annual consumption of $100 million to achieve $45 million in revenue growth, reflecting its high investment and low output growth model;

NVIDIA of Quantum Computing: Rigetti Computing (RGTI)

Technology and Platform: RGTI produces quantum computers and processors and has built the Forest cloud platform, providing developers with specialized tools to help construct quantum algorithms based on its own hardware, similar to NVIDIA's CUDA technology;

Financial Situation: RGTI has approximately $92 million in cash, but revenue declined and costs increased in 2023, potentially requiring financing in the future. The company's valuation has reached 100 times its expected revenue for 2025, accompanied by high risks, including possible equity dilution;

D-Wave Quantum (QBTS)

Technological Application: QBTS focuses on the development and application of quantum annealing technology, providing quantum computing services through its Leap QCaaS platform, with its quantum annealing systems being used by enterprise clients in real production environments;

Financial Situation: QBTS's quantum computing as a service (QCaaS) revenue grew by 41% year-on-year, accounting for over 84% of the company's total revenue, indicating success in the transformation of its business model;

Quantum Computing (QUBT)

Technological Innovation: QUBT focuses on making quantum technology more economical and operable, with its Dirac system being a portable, room-temperature, low-power quantum computing device widely used in artificial intelligence, cybersecurity, and remote sensing;

Financial Situation: QUBT's financial condition is still in the early development stage, with operating costs in the third quarter of 2024 decreasing by 18% year-on-year to $5.4 million, but revenue remains low, and it is expected to be unprofitable in the next 2-3 years, relying on external financing to support operations;Quantum Corp (QMCO)

Product Advantages: QMCO focuses on providing data storage and management solutions, attracting significant market attention with its next-generation hybrid data protection device DXi9200, which offers higher levels of cybersecurity, data compression capabilities, and adaptive scalability;

Financial Situation: In the second quarter of fiscal year 2024, QMCO achieved breakeven adjusted EBITDA, with non-GAAP operating expenses decreasing by 9%, indicating the company's positive progress in cost control and operational efficiency