Pure-play quantum firms like D-Wave Quantum Inc. NYSE: QBTS and Rigetti Computing NASDAQ: RGTI are in the midst of a second major decline this year after a brief rally in May, so the last thing these companies likely want to face is a more crowded field of competitors.
IQM Quantum Computers is breaking into the U.S. market at a time when federal support for quantum technology has been growing.
It's no secret that tech — and particularly AI and machine learning — are key market drivers right now. Last year saw AI push markets further across segments, with AI showing its potential outside of just generative text functions.