Quantum Computing Stocks Surge on Funding Boost
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: seekingalpha
- Funding Boost Impact: Quantum computing stocks surged sharply on Thursday as the U.S. Commerce Department proposed funding awards related to quantum computing and domestic manufacturing, with gains ranging from 12% to 33% for companies like IBM, Rigetti Computing, and D-Wave Quantum, indicating strong investor interest in the sector.
- Premarket Performance: In premarket trading on Friday, IBM rose 3.6%, GlobalFoundries gained 4.5%, D-Wave climbed 5.9%, Rigetti advanced 7.5%, and Infleqtion increased by 7.8%, reflecting sustained investor confidence in quantum computing, which may further drive stock prices upward.
- Year-to-Date Performance: Despite the recent rally, many quantum computing stocks remain negative year-to-date, with IBM down 14.6%, while IonQ and Quantum Computing are up 31.3% and 11.2%, respectively, highlighting the speculative nature and weak profitability of the industry.
- Market Challenges and Outlook: Although the Defiance Quantum ETF has risen 36.2% year-to-date, analysts caution that the industry still faces significant commercialization hurdles, weak profitability, and uncertain timelines for enterprise adoption, indicating a cautious market outlook for future developments.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy IONQ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on IONQ
Wall Street analysts forecast IONQ stock price to rise
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 52.470
Low
47.00
Averages
75.91
High
100.00
Current: 52.470
Low
47.00
Averages
75.91
High
100.00
About IONQ
IonQ, Inc. is engaged in the quantum computing and networking industry, delivering high-performance systems capable of solving complex commercial and research use cases. Its generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are cutting-edge systems, boasting 36 algorithmic qubits. It sells specialized quantum computing and networking hardware together with related maintenance and support. It also sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. It makes access to its quantum computers available via three cloud platforms, Amazon Web Services' (AWS) Amazon Braket, Microsoft's Azure Quantum and Google's Cloud Marketplace, and also to select customers via its own cloud service. Its product portfolio also includes quantum key distribution (QKD) systems, quantum random number generators (QRNGs), and single-photon detectors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Quantum Computing Stocks Surge on Funding Boost
- Funding Boost Impact: Quantum computing stocks surged sharply on Thursday as the U.S. Commerce Department proposed funding awards related to quantum computing and domestic manufacturing, with gains ranging from 12% to 33% for companies like IBM, Rigetti Computing, and D-Wave Quantum, indicating strong investor interest in the sector.
- Premarket Performance: In premarket trading on Friday, IBM rose 3.6%, GlobalFoundries gained 4.5%, D-Wave climbed 5.9%, Rigetti advanced 7.5%, and Infleqtion increased by 7.8%, reflecting sustained investor confidence in quantum computing, which may further drive stock prices upward.
- Year-to-Date Performance: Despite the recent rally, many quantum computing stocks remain negative year-to-date, with IBM down 14.6%, while IonQ and Quantum Computing are up 31.3% and 11.2%, respectively, highlighting the speculative nature and weak profitability of the industry.
- Market Challenges and Outlook: Although the Defiance Quantum ETF has risen 36.2% year-to-date, analysts caution that the industry still faces significant commercialization hurdles, weak profitability, and uncertain timelines for enterprise adoption, indicating a cautious market outlook for future developments.
See More
U.S. Quantum Computing Firms Receive $2 Billion Investment
- Government Funding Injection: The Trump administration announced a $2 billion investment across nine major U.S. quantum computing companies, with IBM receiving $1 billion, positioning it as the backbone of quantum manufacturing and significantly enhancing its market position.
- Strong Market Reaction: Following the announcement, shares of RGTI, QBTS, and INFQ surged over 30%, collectively adding nearly $4.9 billion in market value, indicating strong market confidence in the quantum computing sector.
- Investor Sentiment Shift: Retail sentiment around RGTI, QBTS, and INFQ turned ‘extremely bullish’, while IONQ's sentiment shifted from ‘bearish’ to ‘neutral’, reflecting optimistic expectations for the future of quantum computing.
- Growth Potential Analysis: RGTI's stock rose 59% over the past year with a target price of $29.24, while QBTS gained 35% with a target of $35.17, showcasing the strong growth potential of quantum computing companies in the coming years.
See More
Trump's Push for Quantum Computing Industry Growth
- Positive Market Reaction: The Trump administration's announcement of $100 million grants for Rigetti Computing, D-Wave Quantum, and Infleqtion led to over 30% stock price increases for each company in a single day, adding nearly $4.9 billion in combined market value, reflecting strong market optimism for the quantum computing sector.
- Investor Sentiment Shift: Retail investors on Stocktwits turned “extremely bullish” on RGTI, QBTS, and INFQ, although some traders expressed skepticism about the sustainability of these gains, citing weak fundamentals and high short interest, particularly in Rigetti and D-Wave.
- Quantum Market Dynamics: Rigetti focuses on general-purpose quantum computing, D-Wave specializes in quantum annealing systems, and Infleqtion is advancing in quantum sensing and cold-atom technologies, showcasing the diversity and potential within the quantum market.
- Short-Term Risks and Long-Term Opportunities: Despite the current enthusiasm for quantum computing, traders are concerned about the risks and uncertainties associated with the companies' early-stage development, as evidenced by 15.2% of Rigetti and 14.1% of D-Wave shares being sold short, indicating skepticism about their future profitability.
See More
Biotech and Real Estate Market Dynamics
- Biotech Index Performance: The NYSE Arca Biotechnology Index rose nearly 4% in May and gained about 33% over the past year, despite a 5.25% decline from January's peak, indicating market volatility and cautious investor sentiment.
- Real Estate Sector Recovery: The S&P Real Estate sector added approximately 3% over four days and has risen about 11% year-to-date, reflecting a gradual restoration of confidence in real estate investments, particularly in a high-interest-rate environment where stable yields are attractive.
- Surge in Quantum Computing Investment: The U.S. government announced a $2 billion funding boost for quantum computing companies, leading to significant stock price increases, with Rigetti Computing soaring 30% in regular trading, showcasing optimistic market expectations for the future of quantum technology.
- Investor Education Initiative: CNBC Pro LIVE aims to provide actionable investment strategies for a diverse range of investors, emphasizing the importance of long-term wealth building and helping participants maintain rationality and discipline amid market fluctuations.
See More
IonQ Shares Surge 12.24% on New $2 Billion Quantum Funding Plan
- Significant Stock Surge: IonQ's stock rose by 12.24% to $58.89, primarily driven by the announcement of a new $2 billion U.S. quantum funding plan, indicating strong market enthusiasm for quantum computing that could propel future growth.
- Surge in Trading Volume: The trading volume reached 57.7 million shares, approximately 103% above the three-month average of 28.3 million shares, reflecting a notable increase in investor interest in IonQ, which may signal broader market engagement.
- Record Earnings Performance: IonQ reported a record first-quarter revenue of $64.7 million and raised its 2026 revenue outlook to between $260 million and $270 million, showcasing robust growth potential in the quantum computing sector that attracts more investor attention.
- Strategic Acquisition Plans: IonQ's planned acquisition of SkyWater aims to enhance its control over semiconductor manufacturing and packaging, further solidifying its competitive position in the quantum hardware market and improving future profitability.
See More
IonQ Stock Rises on Quantum Funding Plan Enthusiasm
- Stock Surge: IonQ closed at $58.89 on Thursday, up 12.24%, driven by enthusiasm over a new $2 billion U.S. quantum funding plan, reflecting sustained market interest and confidence in quantum computing.
- Volume Spike: The trading volume for IonQ reached 57.7 million shares, approximately 103% above its three-month average of 28.3 million shares, indicating strong investor interest in the company's growth potential, which may further drive stock price increases.
- Strong Performance: IonQ reported record first-quarter revenue of $64.7 million and raised its 2026 revenue outlook to between $260 million and $270 million, showcasing robust growth momentum in the quantum computing sector and bolstering investor confidence.
- Market Focus: Although IonQ was not listed as a direct beneficiary, the overall rebound in the quantum computing industry and IonQ's performance data have attracted investor attention, making it crucial to see if the company can convert its remaining performance obligations of about $470 million into revenue.
See More
Quantum Computing Stocks Surge on Funding Boost
- Funding Boost Impact: Quantum computing stocks surged sharply on Thursday as the U.S. Commerce Department proposed funding awards related to quantum computing and domestic manufacturing, with gains ranging from 12% to 33% for companies like IBM, Rigetti Computing, and D-Wave Quantum, indicating strong investor interest in the sector.
- Premarket Performance: In premarket trading on Friday, IBM rose 3.6%, GlobalFoundries gained 4.5%, D-Wave climbed 5.9%, Rigetti advanced 7.5%, and Infleqtion increased by 7.8%, reflecting sustained investor confidence in quantum computing, which may further drive stock prices upward.
- Year-to-Date Performance: Despite the recent rally, many quantum computing stocks remain negative year-to-date, with IBM down 14.6%, while IonQ and Quantum Computing are up 31.3% and 11.2%, respectively, highlighting the speculative nature and weak profitability of the industry.
- Market Challenges and Outlook: Although the Defiance Quantum ETF has risen 36.2% year-to-date, analysts caution that the industry still faces significant commercialization hurdles, weak profitability, and uncertain timelines for enterprise adoption, indicating a cautious market outlook for future developments.
See More
U.S. Quantum Computing Firms Receive $2 Billion Investment
- Government Funding Injection: The Trump administration announced a $2 billion investment across nine major U.S. quantum computing companies, with IBM receiving $1 billion, positioning it as the backbone of quantum manufacturing and significantly enhancing its market position.
- Strong Market Reaction: Following the announcement, shares of RGTI, QBTS, and INFQ surged over 30%, collectively adding nearly $4.9 billion in market value, indicating strong market confidence in the quantum computing sector.
- Investor Sentiment Shift: Retail sentiment around RGTI, QBTS, and INFQ turned ‘extremely bullish’, while IONQ's sentiment shifted from ‘bearish’ to ‘neutral’, reflecting optimistic expectations for the future of quantum computing.
- Growth Potential Analysis: RGTI's stock rose 59% over the past year with a target price of $29.24, while QBTS gained 35% with a target of $35.17, showcasing the strong growth potential of quantum computing companies in the coming years.
See More
Trump's Push for Quantum Computing Industry Growth
- Positive Market Reaction: The Trump administration's announcement of $100 million grants for Rigetti Computing, D-Wave Quantum, and Infleqtion led to over 30% stock price increases for each company in a single day, adding nearly $4.9 billion in combined market value, reflecting strong market optimism for the quantum computing sector.
- Investor Sentiment Shift: Retail investors on Stocktwits turned “extremely bullish” on RGTI, QBTS, and INFQ, although some traders expressed skepticism about the sustainability of these gains, citing weak fundamentals and high short interest, particularly in Rigetti and D-Wave.
- Quantum Market Dynamics: Rigetti focuses on general-purpose quantum computing, D-Wave specializes in quantum annealing systems, and Infleqtion is advancing in quantum sensing and cold-atom technologies, showcasing the diversity and potential within the quantum market.
- Short-Term Risks and Long-Term Opportunities: Despite the current enthusiasm for quantum computing, traders are concerned about the risks and uncertainties associated with the companies' early-stage development, as evidenced by 15.2% of Rigetti and 14.1% of D-Wave shares being sold short, indicating skepticism about their future profitability.
See More
Biotech and Real Estate Market Dynamics
- Biotech Index Performance: The NYSE Arca Biotechnology Index rose nearly 4% in May and gained about 33% over the past year, despite a 5.25% decline from January's peak, indicating market volatility and cautious investor sentiment.
- Real Estate Sector Recovery: The S&P Real Estate sector added approximately 3% over four days and has risen about 11% year-to-date, reflecting a gradual restoration of confidence in real estate investments, particularly in a high-interest-rate environment where stable yields are attractive.
- Surge in Quantum Computing Investment: The U.S. government announced a $2 billion funding boost for quantum computing companies, leading to significant stock price increases, with Rigetti Computing soaring 30% in regular trading, showcasing optimistic market expectations for the future of quantum technology.
- Investor Education Initiative: CNBC Pro LIVE aims to provide actionable investment strategies for a diverse range of investors, emphasizing the importance of long-term wealth building and helping participants maintain rationality and discipline amid market fluctuations.
See More
IonQ Shares Surge 12.24% on New $2 Billion Quantum Funding Plan
- Significant Stock Surge: IonQ's stock rose by 12.24% to $58.89, primarily driven by the announcement of a new $2 billion U.S. quantum funding plan, indicating strong market enthusiasm for quantum computing that could propel future growth.
- Surge in Trading Volume: The trading volume reached 57.7 million shares, approximately 103% above the three-month average of 28.3 million shares, reflecting a notable increase in investor interest in IonQ, which may signal broader market engagement.
- Record Earnings Performance: IonQ reported a record first-quarter revenue of $64.7 million and raised its 2026 revenue outlook to between $260 million and $270 million, showcasing robust growth potential in the quantum computing sector that attracts more investor attention.
- Strategic Acquisition Plans: IonQ's planned acquisition of SkyWater aims to enhance its control over semiconductor manufacturing and packaging, further solidifying its competitive position in the quantum hardware market and improving future profitability.
See More
IonQ Stock Rises on Quantum Funding Plan Enthusiasm
- Stock Surge: IonQ closed at $58.89 on Thursday, up 12.24%, driven by enthusiasm over a new $2 billion U.S. quantum funding plan, reflecting sustained market interest and confidence in quantum computing.
- Volume Spike: The trading volume for IonQ reached 57.7 million shares, approximately 103% above its three-month average of 28.3 million shares, indicating strong investor interest in the company's growth potential, which may further drive stock price increases.
- Strong Performance: IonQ reported record first-quarter revenue of $64.7 million and raised its 2026 revenue outlook to between $260 million and $270 million, showcasing robust growth momentum in the quantum computing sector and bolstering investor confidence.
- Market Focus: Although IonQ was not listed as a direct beneficiary, the overall rebound in the quantum computing industry and IonQ's performance data have attracted investor attention, making it crucial to see if the company can convert its remaining performance obligations of about $470 million into revenue.
See More
