Quantum computing stocks have been surging nonstop over the past year.
Move over, AI.
First Quantum Minerals is positioned for strong EBITDA growth as its Panama copper/gold mine is expected to resume production in 2026. FM:CA's recovery plan projects over 50% EBITDA growth from 2026-2027, driven by Panama ramp-up and high-margin gold output. Despite current valuation at 8x EV/EBITDA, FM offers significant upside as production normalizes, with potential for resumed dividends and expansion.
IONQ, QBTS, RGTI and QUBT gear up for Q3 results as investors eye revenue growth, tech milestones and narrowing losses across the quantum sector.
Quantum Computing Inc. offers unique photonic quantum hardware and a new foundry, targeting high-performance networking and AI markets with room-temperature solutions. QUBT has minimal revenue but a large cash position, providing a long operational runway and reducing downside risk despite a lofty $3.7B valuation. Seasonal trends and potential government contracts could act as near-term catalysts, making QUBT an attractive speculative play ahead of year-end.
RGTI backs NVIDIA's NVQLink, marking a pivot toward hybrid quantum-classical computing and expanded market opportunities.
Huang's latest vote of confidence in quantum computing has reassured investors in the sector—and also provided clues about how the company might fit into the ecosystem in years to come.
D-Wave Computing (QBTS) is upgraded to Buy, driven by positive quantum sector developments and Nvidia's NVQLink announcement. QBTS stands out for commercial viability, rapid revenue growth, and a unique quantum annealing approach, differentiating it from peers like IonQ and Rigetti. Nvidia's NVQLink is seen as a major catalyst for QBTS, potentially accelerating demand and bridging the gap between quantum and classical computing.
Artificial intelligence and the investment in its trends and innovators has been the key driver of stock market growth in 2025. Companies from nearly every segment see value in AI technologies, offering some powerful boons for investors with AI exposure in their portfolios.
This year, the market's seen its fair share of so-called Trump trades. Over the past quarter specifically, the president has announced that the government will be taking equity stakes in at least three publicly traded companies.
D-Wave Quantum and IonQ take different approaches to developing quantum computing technology. D-Wave focuses on annealing quantum computers, which can be useful in building artificial intelligence.
Washington's rumored interest in Rigetti aligns with recent U.S. investments in strategic sectors (Intel, MP Materials, Lithium Americas, U.S. Steel), suggesting a push towards strengthening long-term national quantum-security capabilities. RGTI already has substantial liquidity (~$571 million) and runway (~9.6 years); federal funding would add minimal cash benefit, but significantly boost investor sentiment, reduce perceived risk, and lower WACC. With a forward price-to-sales ratio around 1,500 and annual revenue projected to grow ~100% over multiple years, the upside looks significant, but so is the risk.