QUBT

ETF Analysis Overview

• Implied Analyst Target Price for FYX: The First Trust Small Cap Core AlphaDEX Fund ETF (FYX) has an implied analyst target price of $120.69 per unit, based on its underlying holdings.
• Current Trading Price and Upside Potential: FYX is currently trading at approximately $107.35 per unit, indicating a potential upside of 12.43% according to analyst targets.

Notable Holdings with Upside

• FormFactor Inc (FORM): Recent trading price is $29.19 per share, with an average analyst target of $34.62 per share, suggesting an upside of 18.62%.
• Quantum Computing Inc (QUBT): Currently trading at $15.79 per share, with a target price of $18.50 per share, indicating a potential upside of 17.20%.
• QCR Holdings Inc (QCRH): Recent price is $78.38 per share, while the average target price is $89.30 per share, reflecting an upside of 13.93%.

Analyst Target Justification

• Skepticism on Analyst Targets: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets could lead to potential downgrades if they are based on outdated information.
• Need for Further Research: Investors are encouraged to conduct additional research to assess the validity of these targets in light of recent company and industry developments.

Quantum Computing Biweekly Update

• IonQ's Research Contributions: IonQ is set to present four peer-reviewed papers at the IEEE Quantum Week, focusing on applications in energy grid management, linear algebra, and fluid simulation. Notably, a collaboration with Ansys introduces advancements in lattice Boltzmann methods for fluid modeling, while another paper discusses a hybrid quantum-classical algorithm aimed at enhancing power grid scheduling. These initiatives reflect IonQ's strategy to extend its influence beyond hardware into practical algorithm development for various industries, including aerospace and biomedical.

• Quantinuum's Genome Project: Quantinuum has partnered with the Wellcome Sanger Institute to utilize its System H2 quantum machine, which boasts a Quantum Volume of 8,388,608, to process the PhiX174 genome, the first virus ever fully sequenced. The project aims to complete the genome processing within a year, potentially establishing a new benchmark for quantum applications in health research.

• CDimension's Material Innovations: CDimension, an MIT spin-out, is providing wafer-scale 2D materials like molybdenum disulfide to prestigious institutions such as Carnegie Mellon and Duke. The company is also developing 3D chip designs for AI and quantum applications, with Powerchip Semiconductor assisting in testing early prototypes, aiming to transition from laboratory research to large-scale chip manufacturing.

• Quantum Research Sciences' AI Development: Quantum Research Sciences has secured a contract with the U.S. Air Force to create an AI platform named ACID-R, designed to expedite the scanning and filtering of vendor proposals using machine learning techniques. The firm has a history of collaboration with the Department of Defense on quantum software and is partnering with Purdue University for this initiative.

• Kothar Computing's Simulation Platform: Kothar Computing has launched Forge, a browser-based platform that significantly reduces the time required for scientists to run physics simulations from months to minutes. This system utilizes a proprietary framework to simplify complex quantum problems, with early academic users already engaging and plans for a broader release to facilitate research in physics and chemistry.

• Market Insights on Quantum Stocks: The article mentions the use of TipRanks’ Comparison Tool to analyze leading quantum stocks and other relevant tickers, providing insights into the current market landscape and potential future trends in the quantum computing sector.

Quantum Computing Sector Update

• Market Activity: Quantum stocks experienced a relatively quiet week at the end of August, with notable movements in specific companies highlighted by financial experts.

Rigetti Computing (RGTI)

• Contract Award: Rigetti Computing secured a $5.8 million contract from the Department of the Air Force for developing hybrid superconducting-optical quantum network nodes.
• Expert Commentary: CNBC host Jim Cramer suggested that Rigetti could be a speculative investment with high potential.
• Partnership Announcement: The company announced a collaboration with Montana State University to establish the Quantum Core Research and Education Center, featuring a 9-qubit Rigetti Novera quantum processing unit.
• Stock Performance: RGTI stock rose by 9.5% over the past week.

IonQ (IONQ)

• Expert Recommendation: Personal finance expert Suze Orman recommended IonQ as a stock to individual investors, placing it alongside major companies like Apple and AMD.
• Stock Growth: IONQ shares increased by approximately 7% over the past week and have surged over 70% in the last six months.

D-Wave Quantum (QBTS)

• Stock Decline: D-Wave Quantum shares fell by more than 11% over the past month, with rising short interest.
• Short Interest Data: Currently, 59.84 million shares are sold short, representing 18.13% of available shares, with an average cover time of 1.31 days based on trading volume.

Quantum Computing, Inc. (QUBT)

• Stock Stability: Quantum Computing, Inc. had a quiet week with no significant news, ending the week flat but showing a remarkable increase of over 150% in the past six months.

Current Stock Prices

• RGTI: $16.21, down 2.23%
• IONQ: $42.62, down 1.57%
• QBTS: $15.58, down 2.11%
• QUBT: $15.78, down 1.99%

This update reflects the ongoing developments and market dynamics within the quantum computing sector, highlighting key contracts, expert opinions, and stock performance metrics.