Quantum computing stocks, including D-Wave Quantum (QBTS, Financial), Quantum Computing (QUBT), IonQ (IONQ), and Rigetti Computing (RGTI), have seen remarkable gains recently. QBTS surged over 150%, QUBT rose 85%, IONQ increased 69%, and RGTI climbed 60%. These increases were primarily driven by better-than-expected earnings reports and positive market sentiment surrounding quantum technology's future.
In particular, D-Wave reported a smaller-than-expected quarterly loss of $0.02 per share, compared to the anticipated $0.06 loss. IonQ also reported a loss of $0.14 per share, beating the market's forecasted $0.28 loss. Rigetti posted earnings of $0.13 per share, outperforming the expected $0.05 loss, while Quantum Computing surprised with a $0.11 per share profit, against a predicted $0.05 loss.
Despite Alphabet (GOOGL), Microsoft (MSFT), and IBM's involvement in quantum computing research, their diverse business focus differs from these pure-play quantum stocks. Analysts caution that despite the impressive performance, the valuations are currently high, posing a risk of price corrections as quantum technology is still in its nascent stage.
