Investing In Quantum S Next Wave Ionq D Wave Rigetti Positioned To

Bonisiwe Shabane

-Jan 1, 2026, 8:21 PM

investing in quantum s next wave ionq d wave rigetti positioned to

Quantum computing stocks are concluding 2025 with something the sector has lacked for years: real contracts, tangible revenue visibility and real institutional attention. The next year may start with a two-track market. Public players like IonQ IONQ, D-Wave Quantum QBTS and Rigetti Computing RGTI have each signaled through earnings disclosures, customer pipeline commentary, and government-backed collaborations that quantum is steadily transitioning from promise to paid, scalable... Meanwhile, Honeywell’s HON Quantinuum’s recent $600 million funding round at a reported $10 billion valuation signals deep investor conviction and a likely path toward an IPO that will re-rate the sector. Going by a June 2025 McKinsey report, private and public investors are increasingly confident that QT start-ups will generate measurable value. In 2024, they poured nearly $2.0 billion into QT start-ups worldwide, a 50% increase compared to $1.3 billion in 2023.

This momentum has likely accelerated significantly through 2025, reinforcing the sector’s shift toward commercially meaningful adoption. Together, these developments signal a new phase where the strength of real-world progress finally outweighs the hype around quantum computing. Quantum’s next chapter is being written through real customer contracts, deployment timelines, engineering milestones and a growing wave of government partnerships. The market is finally starting to distinguish companies that are converting pilots into revenue from those still running on potential alone. And with the sector entering this new, more grounded phase, it’s becoming increasingly important for investors to pay attention and consider keeping at least a small, strategic portion of their portfolio exposed to quantum... IonQ: IonQ is the lowest-risk pure-play in the space right now.

The company’s third-quarter 2025 revenues jumped to 222% year over year and management raised full-year 2025 revenue guidance to $106-$110 million, signaling commercial traction across cloud and systems sales. The company announced headline technical progress, a world-record two-qubit gate fidelity exceeding 99.99% and has a very strong cash position after recent financings, a combination that gives IonQ both the execution runway and credibility... Quantum computing stocks are concluding 2025 with things the sector has lacked for years: real contracts, tangible revenue visibility, and real institutional attention. The next year may start with a two-track market. Public players like IonQ (IONQ - Free Report), D-Wave Quantum (QBTS - Free Report), and Rigetti Computing (RGTI - Free Report) have each signaled through earnings disclosures, customer pipeline commentary, and government-backed collaborations that... Meanwhile, Honeywell’s (HON - Free Report) recent $600 million funding round at a reported $10 billion valuation signals deep investor conviction and a likely path toward an IPO that would re-rate the sector.

Going by a June 2025 McKinsey report, private and public investors are increasingly confident that quantum technology start-ups will generate measurable value. In 2024, they poured nearly $2.0 billion into QT start-ups worldwide, a 50% increase compared to $1.3 billion in 2023. This momentum has likely accelerated significantly through 2025, reinforcing the sector’s shift toward commercially meaningful adoption. Together, these developments signal a new phase where the strength of real-world progress finally outweighs the hype around quantum computing. Quantum technology's next chapter is being written through real customer contracts, deployment timelines, engineering milestones, and a growing wave of government partnerships. Pure-play quantum computing stocks got Wall Street's attention in 2025 as JPMorgan, Jefferies, Evercore ISI, Cantor Fitzgerald and Mizuho Securities initiated coverage on some companies while Barclays and Bank of America published in-depth reports...

Heading into 2026, IonQ (IONQ) and D-Wave Quantum (QBTS) hold the most buy ratings along with the highest price targets on average… 9:00 AM ET The stock market fell to end a solid 2025. Palantir and Nvidia chipmaker Taiwan Semi were in focus. Tesla deliveries... 9:00 AM ET The stock market fell to end a solid 2025. Palantir...

Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Get market updates, educational videos, webinars, and stock analysis. As second-quarter 2025 earnings rolled in, three pure-play quantum computing companies, D-Wave Quantum QBTS, Rigetti Computing RGTI and IonQ IONQ, offered a snapshot of an industry that moves at light speed but still sees... The trio’s results revealed a common storyline, strong sales, bigger losses and huge cash reserves to fund the next big step in quantum computing. D-Wave Quantum’s second-quarter 2025 revenues rose 42% year over year, driven by Advantage2 quantum processing unit sales, including the system installed at Julich Supercomputing Center earlier this year. The company expanded its customer base with contracts from GE Vernova, Nikon and NTT DOCOMO, and strengthened global ties through partnerships in South Korea.

Technological progress included an open-source PyTorch toolkit and quantum-assisted image generation demos. Collaborating with NASA’s Jet Propulsion Laboratory on advanced cryogenic packaging, D-Wave aims to accelerate its push toward a 100,000-qubit system, reinforcing its leadership in annealing quantum computing while broadening its international footprint. Financially, the company ended the quarter with a record $819.3 million in cash—an over 1,900% year-over-year increase driven by a $400 million at-the-market equity raise, warrant exercises and credit facility proceeds. Gross profit grew 42%, while adjusted EBITDA loss widened 44% year over year due to higher operating expenses from aggressive R&D and market expansion efforts. With strong liquidity, an expanding enterprise pipeline and parallel development in both annealing and gate-model architectures, D-Wave signaled that it is prepared to invest heavily in scaling technology and pursuing strategic acquisitions, while maintaining... IonQ delivered a standout second-quarter 2025, with revenues coming in 15% above the top end of guidance, reflecting accelerating commercial traction across quantum computing and networking.

The company’s momentum was underpinned by high-profile partnerships, including a landmark $22 million deal to build America’s first commercial quantum hub with utility leader EPB, and a 20x performance speed-up in quantum-accelerated drug development... However, the aggressive push into R&D, strategic acquisitions and talent expansion incurred steep costs. IonQ reported a net loss of $177.5 million and an adjusted EBITDA loss of $36.5 million for the quarter. Okay, guys, let’s dive into the exciting world of quantum computing and the key players that are making waves (pun intended!). We’re talking about Rigetti , D-Wave , and IonQ , three companies that are not only dabbling in quantum mechanics but are also listed as AI stocks poised to potentially lead the quantum revolution. So, what’s the deal with these companies, and why should you keep an eye on them?

First, let’s break down what quantum computing actually is. Forget everything you know about regular computers that use bits (0s and 1s). Quantum computers use qubits . These qubits can be 0, 1, or both at the same time thanks to a mind-bending concept called superposition. Another key concept is entanglement, where two qubits become linked, and the state of one instantly influences the other, regardless of the distance between them. This allows quantum computers to perform calculations that are impossible for even the most powerful classical computers.

The potential applications are mind-boggling. Think drug discovery, materials science, financial modeling, and, of course, artificial intelligence. Quantum computers could accelerate machine learning algorithms, allowing us to train AI models faster and more efficiently, leading to breakthroughs in areas like image recognition, natural language processing, and robotics. Now, where do Rigetti , D-Wave , and IonQ fit into all this? Each company has a unique approach to building and deploying quantum computers, and each is targeting different segments of the market. Understanding their individual strengths and weaknesses is crucial for anyone interested in investing in the quantum computing space.

Rigetti Computing is taking a full-stack approach to quantum computing. What does that mean, exactly? Well, they’re not just building the quantum processors; they’re also developing the software and cloud infrastructure needed to make those processors accessible and usable. This comprehensive strategy gives them greater control over the entire quantum computing ecosystem, potentially leading to better performance and a more seamless user experience. NEW YORK, Dec. 28, 2025, 12:45 p.m.

ET — Market closed (Weekend). Quantum computing stocks are heading into the final trading week of the year with a familiar mix of promise and turbulence—exactly the kind of setup that can amplify both opportunity and risk when liquidity... In the most recent regular session (Friday), several of the best-known “pure-play” quantum names posted sharp declines even as the broader U.S. market largely drifted in quiet, post-holiday trade. IonQ (IONQ) finished at $46.00, down about 7.6%. Rigetti Computing (RGTI) closed at $22.38, down roughly 8.6%.

D-Wave Quantum (QBTS) ended at $25.29, down about 8.1%. Quantum Computing Inc. (QUBT) closed at $10.66, down around 6.5%. That kind of synchronized pullback is not unusual for the sector: quantum “pure plays” often trade like a single high-beta theme—moving together on sentiment, valuation, and market microstructure—especially when volumes are lighter than normal. Friday’s session came in the heart of the year-end “Santa Claus rally” window, when trading volumes often thin out and day-to-day moves can become exaggerated, particularly in smaller, story-driven stocks. [1]

Quantum stocks staged a stunning comeback this week, making a previously niche corner of tech one of Wall Street’s most popular buzz topics. IonQ Inc (NYSE:IONQ), Rigetti Computing Inc (NASDAQ:RGTI), D-Wave Quantum Inc (NYSE:QBTS), and Quantum Computing Inc. (NASDAQ:QUBT) stocks soared to new highs as acquisitions, government orders, and optimistic analyst recommendations drove investors into the group. The surge has investors questioning: might ETFs be the safest way to surf the quantum wave? IONQ stock is hitting new highs. See the real-time price action here.

A number of ETFs offer exposure to quantum through specific holdings. Defiance Quantum ETF (NASDAQ:QTUM) – QTUM is about as close to a quantum dedicated ETF as exists. It tracks an index of international companies developing quantum computing, machine learning, and cloud technologies. The fund rose 2.83% on Thursday on interest in IonQ and Rigetti. With assets diversified across hardware, software, and enabling infrastructure, QTUM presents investors with a diversified entry into the wider quantum ecosystem.

Investing In Quantum S Next Wave Ionq D Wave Rigetti Positioned To

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