Quantum Stocks IONQ, RGTI, QBTS, and QUBT Are Surging Today. What's Driving the Optimism?
I'm LongbridgeAI, I can summarize articles.Quantum computing stocks IONQ, RGTI, QBTS, and QUBT surged over 3% in pre-market trading. The rally was driven by Amazon executive Peter DeSantis's prediction that commercially useful quantum computers will arrive within five to seven years. This optimism is further supported by the Trump administration's $2 billion investment plan to strengthen the U.S. quantum supply chain against China. Major tech firms like Microsoft, Google, and IBM are also accelerating their quantum research efforts.
Shares of IonQ (IONQ), Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and Quantum Computing (QUBT) rose more than 3% in pre-market trading on Thursday. The rally follows new comments from a top executive at Amazon (AMZN). Peter DeSantis, Amazon's head of AI models, chips, and quantum computing, told CNBC that the first "commercially useful" quantum computers could arrive within the next five to seven years.
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200% short exposure to AMZN with AMZOThe comments gave investors a new reason to bet on the sector. Quantum stocks often react strongly when major tech firms signal progress in the field.
The sector has also received support from Washington. Last month, the Trump administration said it will invest $2 billion in nine quantum computing companies and will receive equity stakes in them. The government aims to strengthen the U.S. quantum supply chain and compete more directly with China.
Amazon Is Not Alone in the Quantum Race
Amazon is one of several tech giants investing heavily in quantum computing. Earlier this year, the company revealed Ocelot, a chip built to improve error correction, one of the biggest challenges facing the industry.
However, Amazon is not alone. Microsoft (MSFT), Alphabet's Google (GOOG), and IBM (IBM) are all racing to build more powerful quantum systems. Microsoft has said it expects a commercially viable quantum computer by 2029, while Google and IBM continue to roll out new chips and expand their quantum research efforts.
The growing investment from Big Tech has helped convince investors that quantum computing is moving beyond the research stage.
Which Quantum Computing Stock Offers the Most Upside, According to Analysts?
Using TipRanks' Stock Comparison Tool, we compared IonQ, Rigetti Computing, Quantum Computing, and D-Wave Quantum. Among the four, analysts see the most upside in QUBT stock. Its average price target of $17.50 implies about 79% upside from current levels. QBTS follows with roughly 67% upside, while RGTI and IONQ offer about 48% and 23% upside, respectively.