The "Quantum Frenzy" in the US stock market continues, with "Quantum NVIDIA" RGTI rising another 36%!

By the end of 2024, quantum computing stocks have exploded.

Recently, quantum computing stocks have undoubtedly attracted the attention of all investors. On Thursday, Rigetti Computing led the charge, with its stock price soaring 36% at the close; D-Wave Quantum and Quantum Computing also performed well, rising 24% and 12.5% respectively yesterday.

Analysts say this exciting surge highlights the market's confidence in quantum computing becoming a transformative force across industries. Currently, quantum computing is on a rapid growth trajectory, and experts expect that as the technology matures, its potential for efficiently solving complex problems and computational capabilities will further expand.

Among various industries, pharmaceuticals (drug discovery), finance (financial modeling), and logistics (supply chain optimization) are expected to be early application areas for quantum technology.

However, it is important to note that the application of quantum computing also poses security risks, especially in the field of cryptography. Therefore, as quantum computing develops, the urgent need to develop algorithms resistant to quantum attacks to protect data security becomes increasingly pressing.

What are the leading quantum computing stocks?

Wall Street Insights previously reported in detail that 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, Quantum Computing (QUBT) and D-Wave Quantum (QBTS) carry higher risks. In terms of return potential, IonQ (IONQ) and Rigetti Computing (RGTI) are more attractive.

The Nvidia of quantum computing, Rigetti Computing (RGTI)

RGTI is known for developing quantum processors and cloud services, having built the Forest cloud platform aimed at making quantum computing more accessible and practical. By the end of this year, RGTI's stock price has begun to soar, accumulating nearly a 1600% increase this year.

However, Seeking Alpha analyst Joseph Parrish stated that although Rigetti has potential, investors must be patient to see these results materialize. Parrish said:

“Rigetti gives us hope for the widespread adoption of quantum computing technology, but I currently believe that this possibility will not be realized until the end of this decade (by the end of 2030), and in the process, companies needing to raise funds will face many risks.”D-Wave Quantum (QBTS)

Also shining brightly is QBTS, which simplifies complex optimization problems in industries such as logistics and finance with its quantum annealing technology and Leap QCaaS platform. So far this year, QBTS's stock price has risen over 1100%.

Leader in the Quantum Computing Industry IonQ (IONQ)

IONQ is developing hardware and software solutions aimed at making quantum computing feasible for real-world applications, with its core technology based on ion trap quantum computing, which has significant advantages in handling complex computational tasks. In the last month of 2024, IONQ's stock price rose by 52%, a relatively modest increase compared to its peers, and so far this year, IONQ has risen nearly 300%.

Multiple analysts believe that IONQ is the most attractive among leading quantum computing stocks. James Foord, head of The Pragmatic Investor investment group, stated:

“IonQ's financial health is good, with no debt and $360 million in cash, reducing the risks of equity dilution and bankruptcy, although the company is operating at a loss... 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.

Unlike other companies in the industry, IonQ has actually provided quantum computing services to customers through most major cloud providers.”

Quantum Computing (QUBT)

QUBT focuses on making quantum technology more economical and operational, launching the Dirac system, a portable, low-power quantum computing device that operates at room temperature, widely used in fields such as artificial intelligence, cybersecurity, and remote sensing. This year, QUBT's stock price has risen over 2000%!

Risk Warning and Disclaimer

The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at their own risk