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Rigetti Computing's partnerships with the U.S. Air Force and other tech defense players could help its stock score big wins. D-Wave Quantum's quantum-annealing tech may offer less explosive upside, but it's already posting stronger commercialization momentum.
D-Wave Quantum has enough cash in the bank to last until the business reaches breakeven, according to analysts. Given that, why is it still issuing so much new stock?
Pure-play stocks IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. have soared by as much as 545% over the trailing year. Investors have been enamored with the sizable addressable opportunity that quantum computers bring to the table.
D-Wave Quantum stock has gained over 2,400% since November 2024 but is down 40% from its peak in October. It's too early to pick winners in the quantum computing race, even in the less crowded quantum annealing subsector.
The era of buying stock based on science fiction potential has finally ended. Throughout 2025, the quantum computing sector underwent a massive, necessary shift in investor sentiment.
Quantum computing could be a $205 billion market within a decade, according to an analyst who recommends IonQ, Rigetti and D-Wave shares for investors willing to look past “lumpy” revenue.
The sector is soaring because of a narrative around commercialization and disruption. The technology claims a lot of promises, but has failed to ever commercialize.
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