Overview
- Over the past year, IonQ, Rigetti, D‑Wave and Quantum Computing Inc. posted gains up to 1,860%, then retreated at least 50% from last month’s highs.
- The biggest risk flagged for pure‑play quantum names is competition from cash‑rich large tech companies pursuing the same opportunities, eclipsing worries about lofty price‑to‑sales ratios.
- SEC filings show D‑Wave CEO Alan Baratz exercised options and sold additional shares this month, generating roughly $26 million while retaining more than 2.6 million shares.
- IonQ reports 99.99% two‑qubit gate fidelity on its trapped‑ion systems, as D‑Wave focuses on quantum annealing for optimization and Rigetti advances superconducting gate‑based hardware.
- Long‑term projections remain expansive, with BCG estimating $450–$850 billion in economic impact by 2040 and The Quantum Insider suggesting up to $1 trillion by 2035.