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Here S How Hot Quantum Stocks Have Been Lately And Investopedia

Bonisiwe Shabane
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here s how hot quantum stocks have been lately and investopedia

Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics. He received his M.A. in journalism from The New School and his B.A. in history and political science from McGill University. Kent Nishimura / Bloomberg via Getty Images

Quantum computing stocks—those representing a technology that teases vast computing power—have soared in the past year, making even the artificial-intelligence rally look tame. Shares of D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) have soared 2,700% and 3,100%, respectively, over that period. Quantum Computing (QUBT) is up 1,100%. IonQ (IONQ), up 250%, is the laggard of the bunch. Only a few of Wall Street’s favorite AI stocks have posted comparable gains in the past 12 months. Software companies Palantir (PLTR) and Applovin (APP), lauded for their AI-driven growth, have risen roughly 300% in the past year.

Nvidia (NVDA), the poster child of the AI boom, has gained about 44%. Rallies typically slow with age, so it's understandable that the fresher theme has more momentum behind it—particularly at a time when investors have been willing to lean into speculative concepts and companies. But compare quantum stocks over the past year and AI stocks in the year after ChatGPT was released, and quantum still dramatically outpaces AI: Nvidia shares rose 206% in the 12 months starting Nov. 30, 2022, while server maker Super Micro Computer (SMCI) soared 212%. Quantum computing stocks—those representing a technology that teases vast computing power—have soared in the past year, making even the artificial-intelligence rally look tame. Shares of D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) have soared 2,700% and 3,100%, respectively, over that period.

Quantum Computing (QUBT) is up 1,100%. IonQ (IONQ), up 250%, is the laggard of the bunch. Only a few of Wall Street’s favorite AI stocks have posted comparable gains in the past 12 months. Software companies Palantir (PLTR) and Applovin (APP), lauded for their AI-driven growth, have risen roughly 300% in the past year. Nvidia (NVDA), the poster child of the AI boom, has gained about 44%. Rallies typically slow with age, so it’s understandable that the fresher theme has more momentum behind it—particularly at a time when investors have been willing to lean into speculative concepts and companies.

But compare quantum stocks over the past year and AI stocks in the year after ChatGPT was released, and quantum still dramatically outpaces AI: Nvidia shares rose 206% in the 12 months starting Nov. 30, 2022, while server maker Super Micro Computer (SMCI) soared 212%. Everyday investors often fear they’re missing out when they see asset prices skyrocketing the way quantum computing stocks have. That fear can drive investors to make risky bets on poorly understood stocks that they panic sell at a loss when the rally hits a rough patch. Granted, Wall Street didn’t immediately grasp how significant ChatGPT would be for Nvidia, and the chipmaker’s stock gains accelerated in 2023. But even in the yearlong period that Nvidia rose the fastest—between March 2023 and March 2024—its approximately 300% return still pales in comparison to most quantum stocks in the last 12 months.

Kent Nishimura / Bloomberg / Getty Images Could quantum computing stocks be due for a rebound? Shares of quantum computing favorites Rigetti Computing (RGTI) lost about 6% Wednesday, while D-Wave Quantum (QBTS) slid 7%, IonQ (IONQ) fell 8%, and Quantum Computing (QUBT) dropped 9%, extending a pullback in recent weeks... But one Wall Street bull expects that to change—eventually. Analysts at Wedbush initiatied coverage of all four stocks with "outperform" ratings on Wednesday despite expectations they could remain pressured in the near term, viewing quantum computing as a "transformational" technology able to supercharge... "We expect that by the end of the decade, quantum computing companies will represent a larger share of the total spend on compute from what is a very small base today," the analysts said,...

From Silicon Valley to Wall Street to the highest echelons of global power, a monumental technology is attracting billions for its potential to produce quantum leaps in computer science and untold economic possibilities –... Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results.

No recommendation or advice is being given that any particular security, portfolio, transaction or investment strategy is suitable for any specific person. The author is not advising you personally concerning the nature, potential, value or suitability of any particular security or other matter. You alone are solely responsible for determining whether any investment, security or strategy, or any product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. Steven Cress is the Head of Quantitative Strategy at Seeking Alpha. Any views or opinions expressed herein may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

Skyrocketing Quantum Stocks: Quantum Computing Inc. (QUBT) surged 1,500% over the past year, with IonQ (IONQ) and other quantum stocks delivering exceptional returns. AWS Quantum Embark's Impact: Amazon's Quantum Embark program has catalyzed investor enthusiasm, driving significant stock gains in the quantum computing sector. Future vs. Fundamentals: IonQ's revenue growth and technological advances highlight real-world adoption, but speculative activity around less profitable players suggests a potential bubble. Market Momentum: The quantum chip market is projected to expand from $480M in 2023 to $5.6B by 2030, with applications like AI and cryptography leading demand.

High Risk, High Reward: With unprecedented stock price growth, quantum computing represents a transformative opportunity but carries significant risks for investors.

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Colin Is An Associate Editor Focused On Tech And Financial

Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics. He received his M.A. in journalism from The New School and his B.A. in history and political science from McGill University. Kent Nishimura / Bloomberg via Getty Images

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Quantum computing stocks—those representing a technology that teases vast computing power—have soared in the past year, making even the artificial-intelligence rally look tame. Shares of D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) have soared 2,700% and 3,100%, respectively, over that period. Quantum Computing (QUBT) is up 1,100%. IonQ (IONQ), up 250%, is the laggard of the bunch. Only a fe...

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Nvidia (NVDA), the poster child of the AI boom, has gained about 44%. Rallies typically slow with age, so it's understandable that the fresher theme has more momentum behind it—particularly at a time when investors have been willing to lean into speculative concepts and companies. But compare quantum stocks over the past year and AI stocks in the year after ChatGPT was released, and quantum still ...

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Quantum Computing (QUBT) is up 1,100%. IonQ (IONQ), up 250%, is the laggard of the bunch. Only a few of Wall Street’s favorite AI stocks have posted comparable gains in the past 12 months. Software companies Palantir (PLTR) and Applovin (APP), lauded for their AI-driven growth, have risen roughly 300% in the past year. Nvidia (NVDA), the poster child of the AI boom, has gained about 44%. Rallies t...

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But compare quantum stocks over the past year and AI stocks in the year after ChatGPT was released, and quantum still dramatically outpaces AI: Nvidia shares rose 206% in the 12 months starting Nov. 30, 2022, while server maker Super Micro Computer (SMCI) soared 212%. Everyday investors often fear they’re missing out when they see asset prices skyrocketing the way quantum computing stocks have. Th...