Which Quantum Stocks Still Look Like Buys After The Recent Surge

Bonisiwe Shabane

-Jan 2, 2026, 6:57 PM

which quantum stocks still look like buys after the recent surge

QUBT Quick QuoteQUBT IONQ Quick QuoteIONQ QBTS Quick QuoteQBTS The quantum computing industry has seen a surge of attention in 2025, driven by a wave of technical breakthroughs and a rapid expansion in real-world applications. Once viewed as a far-off moonshot, quantum technology is now making tangible strides, with implications for cybersecurity, drug discovery, AI, and more. As investor interest accelerates, several quantum stocks appear poised for major breakouts. Three quantum stocks in particular stand out right now: Quantum Computing Inc. ((QUBT Quick QuoteQUBT - Free Report) ), D-WAVE QUANTUM ((QBTS Quick QuoteQBTS - Free Report) ), and IonQ ((IONQ Quick QuoteIONQ - Free Report) ).

Each is benefiting from strong price momentum and rising earnings estimates, key ingredients for breakout potential. On top of that, all three are forming bullish technical patterns that suggest the possibility of another major run in the near term. D-WAVE QUANTUM has emerged as a clear leader in the quantum computing space, with its stock gaining more than 1,000% since last fall. The company specializes in quantum annealing, a unique approach to quantum computing that is already being applied to real-world optimization problems in logistics, manufacturing, and AI. Currently holding a Zacks Rank #2 (Buy), D-Wave is benefiting from a wave of bullish sentiment, as analysts have unanimously raised earnings estimates. While the company remains unprofitable, its top-line growth trajectory is impressive, as sales are expected to surge 183% this year, followed by another 62% increase in 2026.

Quantum computing stocks are gaining attention as the technology promises to revolutionize industries with its unprecedented computational power. Smaller, "pure-play" quantum computing stocks are considered more speculative, as the technology is still in its early stages and widespread commercial applications are yet to be realized, but a number of larger and more... Investors interested in quantum computing stocks should be prepared for volatility and long-term investment horizons. Honeywell stock is down 8% in 2025 and remains an attractive investment, given its majority stake in Quantinuum, a quantum computing company. D-Wave stock soared Monday after management announced plans of participating in the CES 2026. Jefferies sees QBTS shares hitting $45 in the coming year.

IonQ grabbed headlines on a Trump investment prediction, yet the stock’s fate still hinges on execution, not speculation. IonQ’s stock has suffered a sharp decline amid a quantum computing sector cooldown despite analysts’ continued optimism for significant long-term growth potential. 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. Just like the quantum uncertainty concept itself, quantum stocks defy precise prediction, shifting between volatility and speculative promise.

The probabilistic nature of quantum computing is one of the key reasons it’s so potentially powerful and disruptive. Because quantum bits, or qubits, can exist in superposition of both 0 and 1 simultaneously, it opens the door to parallel solution-solving beyond classic computers. At the same time, the lack of determinism makes quantum computing highly speculative because coherent outputs could only happen with quantum error correction (QEC). In mid-July, Nature published a paper titled “Experimental demonstration of logical magic state distillation”, hinting at the first major milestone in making quantum computing sufficiently fault-tolerant to scale for commercial applications. In early August, multiple companies are scheduled to report their Q2 earnings. Outside of legacy giants such as IBM, Google and Microsoft that are also advancing quantum computing, which companies have the cash and strategy to adopt emerging quantum developments?

To get around the inherently noisy environment that prohibits prolonged qubit coherence, IonQ developed a novel Evaporated Glass Trap (EGT) chip. Combined with other unique approaches on ionized ytterbium (Yb) atoms, which operate at room temperature, eliminating the need for complex supercooling, the company’s systems have already proven to be more scalable and affordable. IonQ’s aim is not a standalone quantum computer system, but one that integrates with classical computers when such a scenario requires it. This practical hybrid approach, usable in fine-tuning large language models (LLMs), makes quantum useful even before fully fault-tolerant systems. As such, IonQ’s Forte systems are available on major cloud platforms Microsoft Azure, Google Cloud and Amazon Braket. Mid-July, the company even acquired Capella Space for satellite-based quantum communications.

In Q1 ending March, IonQ reported $697.1 million on cash balance, while suffering $32.3 million net loss with a relatively flat revenue year-over-year at $7.5 million. Against total liabilities of $85 million, the company has $850 million in equity and assets, making for a healthy 10x safeguard.

Which Quantum Stocks Still Look Like Buys After The Recent Surge

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