An upbeat outlook on a quantum-computing stock lifted the sector Monday.
Quantum Computing (QUBT) shares rose sharply on Monday after analysts reiterated bullish views on the company, pointing to upcoming product launches, growing commercial adoption, and long-term opportunities in quantum software and hardware. The stock gained 13.65% to $11.28, benefiting from a broader market rally and renewed investor interest in quantum-computing companies.
Shares of Quantum Computing Inc. (NASDAQ:QUBT) stock and D-Wave Quantum (NYSE:QBTS) stock are both up 12% in Monday morning trading, leading a broad rally across the handful of publicly traded quantum-computing pure plays.
Quantum Helium Ltd (AIM:QHE) said extended production testing at its Sagebrush-1 well in Colorado has confirmed helium-bearing gas and unexpectedly identified commercial oil production, opening a new hydrocarbon play alongside the company's existing helium resource. The AIM-listed company, which holds a 90% working interest in Sagebrush, said laboratory analysis confirmed helium concentrations of around 2.5%.
Quantum Computing Inc. receives a speculative buy rating, targeting investors willing to accept high risk for asymmetric returns. QUBT's $850M cash position post-raise eliminates near-term funding risk, providing a 30-year runway at current burn rates. Revenue is accelerating but remains modest; the investment thesis hinges on scaling photonic quantum technology in a rapidly growing market.
There was a time when the quantum computing investment thesis was more hype than anything. That was enough to tempt some retail investors for a while.
Rigetti Computing (NASDAQ:RGTI) stock is 1.4% higher to trade at $19.97 today.
OpenAI, SpaceX and Anthropic IPO filings could channel fresh capital into quantum computing, with QUBT and QBTS carrying analyst targets implying 47%-71% upside.
RGTI advances its quantum roadmap with a 108-qubit Cepheus system, rising customer adoption and a target of quantum advantage within three years.
Elon Musk's most fundamental advice to entrepreneurs looking to get investors to launch a new technology was to build a working prototype.
Quantum Blockchain Technologies PLC (AIM:QBT, FRA:BYA1) said it has cleared a key data hurdle in the development of its Method C AI Oracle, putting the company on track to generate a first version using a new ASIC manufacturer dataset as early as the end of June. The AIM-listed blockchain research and development company said the manufacturer's Mining Development Kit is now fully operational and connected to QBT's server infrastructure.
Five IPOs, including two billion-dollar deals, priced this week; six SPACs also priced. Four IPOs and four SPACs submitted filings. The IPO market is set to host a historic event in the coming week, with SpaceX set to list on Friday.