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Quantum Stocks Rally as U.S. CHIPS Push Bets on IBM and Peers
market-news9 days ago

Quantum Stocks Rally as U.S. CHIPS Push Bets on IBM and Peers

Quantum stocks jumped after the U.S. government moved to award $2 billion in CHIPS Act funds to nine quantum companies, with IBM slated to receive the largest share and to co-fund a new quantum foundry called Anderon. The funds spurred rallies across peers such as QBTS (D-Wave), RGTI (Rigetti), INFQ (Infleqtion) and others, illustrating renewed investor enthusiasm amid government backing, even as the sector remains volatile and long-term profitability remains uncertain.

via TipRanks|
#ibm#infq#market-news
US backs quantum startups with $2B grants, sparking a quantum-stock rally
business13 days ago

US backs quantum startups with $2B grants, sparking a quantum-stock rally

Quantum computing stocks jumped in premarket trading after a Wall Street Journal report that the Trump administration is awarding about $2 billion in grants to nine quantum firms in deals that include government equity stakes, lifting names such as Rigetti (RGTI), IonQ (IONQ), and D-Wave (QBTS) as the Commerce Department and related agencies weigh state involvement.

via Seeking Alpha|
#business#government-grants#ionq
Rigetti Q1 Preview: Traders See ~17% Swing in RGTI Post-Earnings
market-news22 days ago

Rigetti Q1 Preview: Traders See ~17% Swing in RGTI Post-Earnings

Rigetti Computing (RGTI) is slated to report Q1 results on May 11; the options market is pricing in about a 16.9% move in either direction, signaling earnings-driven volatility. Wall Street expects a narrower loss per share of $0.04 on revenue of around $4.09 million, with investors watching for signs of demand from major hardware sales (including an $8.4 million, 108-qubit order from India’s CDAC and $5.7 million in two 9-qubit Novera systems). The company aims to reach more than 1,000 qubits in the long term, while the stock has rallied recently but remains down year-to-date. Analysts publish a Moderate Buy rating with a $30.67 average price target, implying potential upside if results meet or beat expectations.

via TipRanks|
#implied-move#market-news#options-trading
Quantum Stocks Surge as Breakthroughs Unveil Record-Breaking Computers
business6 months ago

Quantum Stocks Surge as Breakthroughs Unveil Record-Breaking Computers

U.S. quantum computing stocks surged following Quantinuum's announcement of its new Helios quantum computer, which features significant advancements in qubit technology, boosting investor confidence in the sector amid ongoing earnings reports and industry progress. IonQ, Rigetti, D-Wave, and Quantum Computing Inc. saw notable gains, with IonQ reporting record revenues and raising guidance, though the sector remains highly volatile and speculative.

via TipRanks|
#business#ionq#quantinuum