Quantum Computing Stocks Surge Amid Growing Market Enthusiasm

Dec 17, 2024

Quantum Computing (QUBT, Financial) led a surge in quantum stocks, rising 68% in one day and approximately 370% over the past month. D-Wave Quantum (QBTS) saw a 45% increase, with a market cap surge of over 400% in the last month. Rigetti Computing (RGTI) skyrocketed over 630% in 30 days. IonQ Inc (IONQ) shares jumped nearly 24% after Morgan Stanley doubled its price target from $14.90 to $37. Analysts noted the potential of quantum technology in AI, with a $200 billion market opportunity by 2026. Recent announcements from Amazon and Google have further fueled interest in this emerging field.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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