<p>量子计算行业是科技领域中增长最快的部分之一——麦肯锡的分析师预测，2024 年其收入可能从 40 亿美元飙升至 2035 年的 720 亿美元。随着越来越多的竞争者专注于开发量子技术，并与扩展到该领域的传统科技公司形成日益激烈的竞争，投资者面临着评估哪些量子股票在未来几年可能会蓬勃发展的艰巨任务。</p>
<p>D-Wave Quantum Inc. NYSE: QBTS 在其他新公司中属于第一类，旨在实现市场化和持续盈利。尽管该公司的股价在最近几个月大多保持平稳，但在 2025 年 9 月底的五天内，其股价意外上涨了 52%。</p>
<p>获取 <strong>D-Wave Quantum</strong> 的提醒：</p>
<p>对于希望在量子竞赛中获利但不确定是否选择像 QBTS 这样的个股的投资者，有多种量子计算交易所交易基金（ETFs）可供选择，以提供现成的多样化。有趣的是，在我们下面探讨的三只 ETF 中，有两只并不持有 D-Wave 的任何股份。</p>
<p>这可能与公司的波动性、对高估的担忧、最近几个季度缺乏盈利能力，甚至是一些更技术性的限制因素如基金章程或指数规则有关。</p>
<h2>专注于动量的多元化科技基金</h2>
<p>Invesco Dorsey Wright Technology Momentum ETF NASDAQ: PTF 主要集中在信息技术行业——超过 88% 的基金资产投资于科技公司，其余大部分则由通信服务和金融行业构成。然而，截至 2025 年 9 月中旬，其 40 个持股中并不包括 D-Wave。</p>
<p>这可能是因为，正如基金名称所暗示的，PTF 专注于动量股票（与同一市场领域的同行相比具有相对强度的股票）。鉴于 QBTS 股票在最近几个月的停滞，这可能使其不符合纳入条件。</p>
<p>实际上，一些在量子计算领域缺乏动量的其他主要公司也缺席于此名单。</p>
<p>PTF 在其方法上取得了混合的结果，包括大型科技公司和来自美国市场的较小公司。尽管其年初至今（YTD）回报仅约 4%，远远落后于同期的标准普尔指数，但其在过去 12 个月的 25% 回报超过了更广泛的市场。</p>
<h2>以其他量子公司为主的积极管理基金的狭窄投资组合</h2>
<p>Spear Alpha ETF NASDAQ: SPRX 的费用比上述 PTF 稍高，费用比率为 0.75%，而 PTF 为 0.60%。尽管如此，SPRX 确实提供主动管理，使基金经理能够更好地适应工业技术领域的变化。</p>
<p>SPRX 并不专门关注量子计算，但其投资组合中的一些行业——如人工智能和企业数字化——将从量子技术的发展中受益。</p>
<p>SPRX 的投资组合有限，少于 25 个名称，但包括 D-Wave 的竞争对手，如 IonQ NYSE: IONQ 和 Rigetti Computing NASDAQ: RGTI。</p>
<p>由于没有基础指数，投资者只能猜测这些公司为何上榜而 D-Wave 却未能入选。这可能与对 D-Wave 退火技术的担忧有关，一些分析师推测其市场化能力可能不如竞争对手所采用的方法。</p>
<p>由于其狭窄的投资组合，SPRX 的风险性相对其他提供量子领域接入的基金更高。不过，该 ETF 表现非常出色，年初至今回报超过 45%，过去 12 个月的回报约为 82%。</p>
<h2>一只低费用且具有全球覆盖的量子专注基金</h2>
<p>在量子领域中，包含 D-Wave 的基金是 Defiance Quantum ETF NASDAQ: QTUM。其年费为 0.40%，在该领域中属于最便宜的基金之一，且拥有 78 个持股，提供比上述任一基金更广泛的多样化。</p>
<p>尽管名称中有 “量子”，QTUM 并不单纯关注量子计算公司——它还包括来自机器学习领域和其他科技细分市场的公司。QTUM 的投资范围包括发达市场的公司，因此可以持有像英国的 Arqit Quantum NASDAQ: ARQQ 这样的全球量子公司。</p>
<p>更广泛的覆盖范围可能对寻求扩大投资敞口的投资者来说是值得的。QTUM 年初至今回报超过 29%，过去一年回报接近 76%。</p>
<h2>你现在应该投资 1000 美元在 D-Wave Quantum 吗？</h2>
<p>在考虑 D-Wave Quantum 之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只股票，顶级分析师悄悄向客户推荐在更广泛的市场注意到之前立即购买……而 D-Wave Quantum 并不在名单上。</p>
<p>虽然 D-Wave Quantum 目前在分析师中获得了买入评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>查看这五只股票的详情</p>

QBTS

<p>量子计算行业正在快速增长，预计收入将从 2024 年的 40 亿美元上升到 2035 年的 720 亿美元。D-Wave Quantum Inc.（QBTS）最近股价上涨了 52%，但分析的三只 ETF 中有两只——Invesco Dorsey Wright Technology Momentum ETF（PTF）和 Spear Alpha ETF（SPRX）——由于 D-Wave 的波动性和缺乏动能而未将其纳入。Defiance Quantum ETF（QTUM）则包含 D-Wave，并提供更广泛的多样化，年初至今回报率为 29%。建议投资者仔细考虑他们的选择</p>

<p>The quantum computing industry is among the fastest growing corners of the tech space—analysts at McKinsey predict it could skyrocket from $4 billion in revenue in 2024 to up to $72 billion in 2035. With a growing field of competitors specializing in developing quantum tech that are becoming increasingly competitive with legacy tech firms expanding into the space, investors have the difficult job of assessing which quantum stocks may be most likely to thrive in the coming years.</p>
<div class="lb-trans"><p>量子计算行业是科技领域中增长最快的部分之一——麦肯锡的分析师预测，2024 年其收入可能从 40 亿美元飙升至 2035 年的 720 亿美元。随着越来越多的竞争者专注于开发量子技术，并与扩展到该领域的传统科技公司形成日益激烈的竞争，投资者面临着评估哪些量子股票在未来几年可能会蓬勃发展的艰巨任务。</p>
</div><p>D-Wave Quantum Inc. NYSE: QBTS falls into the first category among other new companies aiming to achieve marketability and consistent profits. Though the company has most seen its share price plateau in recent months, it rallied by a surprising 52% in a five-day span late in September 2025.</p>
<div class="lb-trans"><p>D-Wave Quantum Inc. NYSE: QBTS 在其他新公司中属于第一类，旨在实现市场化和持续盈利。尽管该公司的股价在最近几个月大多保持平稳，但在 2025 年 9 月底的五天内，其股价意外上涨了 52%。</p>
</div><p>Get <strong>D-Wave Quantum</strong> alerts:</p>
<div class="lb-trans"><p>获取 <strong>D-Wave Quantum</strong> 的提醒：</p>
</div><p>For investors seeking to capitalize on the quantum race but unsure of whether to pick individual stocks like QBTS, a number of quantum computing exchange-traded funds (ETFs) are available to provide ready-made diversification. Interestingly, out of the three ETFs we explore below, two do not hold any shares of D-Wave.</p>
<div class="lb-trans"><p>对于希望在量子竞赛中获利但不确定是否选择像 QBTS 这样的个股的投资者，有多种量子计算交易所交易基金（ETFs）可供选择，以提供现成的多样化。有趣的是，在我们下面探讨的三只 ETF 中，有两只并不持有 D-Wave 的任何股份。</p>
</div><p>This may be due to the company's volatility, concerns about overvaluation, its lack of profitability in recent quarters, or even to more technical limiting factors like fund mandates or index rules.</p>
<div class="lb-trans"><p>这可能与公司的波动性、对高估的担忧、最近几个季度缺乏盈利能力，甚至是一些更技术性的限制因素如基金章程或指数规则有关。</p>
</div><h2>A Multi-Cap Tech Fund Focused on Momentum</h2>
<div class="lb-trans"><h2>专注于动量的多元化科技基金</h2>
</div><p>The Invesco Dorsey Wright Technology Momentum ETF NASDAQ: PTF is focused primarily on companies in the information technology sector—more than 88% of fund assets are invested in tech names, with communication services and financials making up the bulk of the remainder. However, as of mid-September 2025, its 40 holdings do not include D-Wave.</p>
<div class="lb-trans"><p>Invesco Dorsey Wright Technology Momentum ETF NASDAQ: PTF 主要集中在信息技术行业——超过 88% 的基金资产投资于科技公司，其余大部分则由通信服务和金融行业构成。然而，截至 2025 年 9 月中旬，其 40 个持股中并不包括 D-Wave。</p>
</div><p>One likely reason for this is that, as the name of the fund suggests, PTF focuses on momentum stocks (those with relative strength compared to peers in the same market universe). Given the plateau for QBTS shares in recent months, this would likely disqualify it from inclusion.</p>
<div class="lb-trans"><p>这可能是因为，正如基金名称所暗示的，PTF 专注于动量股票（与同一市场领域的同行相比具有相对强度的股票）。鉴于 QBTS 股票在最近几个月的停滞，这可能使其不符合纳入条件。</p>
</div><p>Indeed, some other major names in the quantum computing space that have also lacked momentum in recent periods are also missing from the list.</p>
<div class="lb-trans"><p>实际上，一些在量子计算领域缺乏动量的其他主要公司也缺席于此名单。</p>
</div><p>PTF has seen mixed results with its approach, which includes mega-cap tech names alongside much smaller firms from the U.S. market. Though it has only returned about 4% year-to-date (YTD), substantially trailing the S&amp;P over the same period, its 25% return in the last 12 months comes out ahead of the broader market.</p>
<div class="lb-trans"><p>PTF 在其方法上取得了混合的结果，包括大型科技公司和来自美国市场的较小公司。尽管其年初至今（YTD）回报仅约 4%，远远落后于同期的标准普尔指数，但其在过去 12 个月的 25% 回报超过了更广泛的市场。</p>
</div><h2>Narrow Portfolio For an Actively Managed Fund Heavy on Other Quantum Names</h2>
<div class="lb-trans"><h2>以其他量子公司为主的积极管理基金的狭窄投资组合</h2>
</div><p>The Spear Alpha ETF NASDAQ: SPRX is somewhat more expensive than the PTF above, with an expense ratio of 0.75% compared to PTF's 0.60%. Still, SPRX does offer active management, which allows fund managers to better adapt to changes in the industrial technology space.</p>
<div class="lb-trans"><p>Spear Alpha ETF NASDAQ: SPRX 的费用比上述 PTF 稍高，费用比率为 0.75%，而 PTF 为 0.60%。尽管如此，SPRX 确实提供主动管理，使基金经理能够更好地适应工业技术领域的变化。</p>
</div><p>SPRX is not specifically focused on quantum computing, but some of the industries within its portfolio—such as AI and enterprise digitalization—stand to benefit from quantum tech developments.</p>
<div class="lb-trans"><p>SPRX 并不专门关注量子计算，但其投资组合中的一些行业——如人工智能和企业数字化——将从量子技术的发展中受益。</p>
</div><p>SPRX has a limited portfolio of fewer than 25 names, but it does include D-Wave rivals like IonQ NYSE: IONQ and Rigetti Computing NASDAQ: RGTI.</p>
<div class="lb-trans"><p>SPRX 的投资组合有限，少于 25 个名称，但包括 D-Wave 的竞争对手，如 IonQ NYSE: IONQ 和 Rigetti Computing NASDAQ: RGTI。</p>
</div><p>Without an underlying index, investors are left to speculate as to why these firms have made the list but D-Wave has not. It could be related to concerns surrounding D-Wave's annealing technology, which some analysts have speculated could be less marketable than the approaches rivals are using.</p>
<div class="lb-trans"><p>由于没有基础指数，投资者只能猜测这些公司为何上榜而 D-Wave 却未能入选。这可能与对 D-Wave 退火技术的担忧有关，一些分析师推测其市场化能力可能不如竞争对手所采用的方法。</p>
</div><p>Because of its narrow portfolio, SPRX is somewhat riskier than other funds offering access to the quantum space. Still, this ETF has performed exceptionally well, with YTD returns topping 45% and a 12-month return of about 82%.</p>
<div class="lb-trans"><p>由于其狭窄的投资组合，SPRX 的风险性相对其他提供量子领域接入的基金更高。不过，该 ETF 表现非常出色，年初至今回报超过 45%，过去 12 个月的回报约为 82%。</p>
</div><h2>A Quantum-Focused Fund With Low Fees and a Global Reach</h2>
<div class="lb-trans"><h2>一只低费用且具有全球覆盖的量子专注基金</h2>
</div><p>One fund in the quantum universe that does include D-Wave is the Defiance Quantum ETF NASDAQ: QTUM. With an annual fee of 0.40%, it is among the cheapest funds in this space, and at 78 holdings, it has broader diversification than either fund above.</p>
<div class="lb-trans"><p>在量子领域中，包含 D-Wave 的基金是 Defiance Quantum ETF NASDAQ: QTUM。其年费为 0.40%，在该领域中属于最便宜的基金之一，且拥有 78 个持股，提供比上述任一基金更广泛的多样化。</p>
</div><p>Despite the name, QTUM is not solely focused on quantum computing names—it also includes firms from the machine learning space and other tech niches. With a mandate to include companies from developed markets, QTUM is free to hold global quantum names like the U.K.'s Arqit Quantum NASDAQ: ARQQ.</p>
<div class="lb-trans"><p>尽管名称中有 “量子”，QTUM 并不单纯关注量子计算公司——它还包括来自机器学习领域和其他科技细分市场的公司。QTUM 的投资范围包括发达市场的公司，因此可以持有像英国的 Arqit Quantum NASDAQ: ARQQ 这样的全球量子公司。</p>
</div><p>The wider reach may be worthwhile for investors seeking to expand their exposure. QTUM has returned more than 29% YTD and almost 76% in the last year.</p>
<div class="lb-trans"><p>更广泛的覆盖范围可能对寻求扩大投资敞口的投资者来说是值得的。QTUM 年初至今回报超过 29%，过去一年回报接近 76%。</p>
</div><h2>Should You Invest $1,000 in D-Wave Quantum Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在 D-Wave Quantum 吗？</h2>
</div><p>Before you consider D-Wave Quantum, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑 D-Wave Quantum 之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and D-Wave Quantum wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只股票，顶级分析师悄悄向客户推荐在更广泛的市场注意到之前立即购买……而 D-Wave Quantum 并不在名单上。</p>
</div><p>While D-Wave Quantum currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然 D-Wave Quantum 目前在分析师中获得了买入评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票的详情</p>
</div>

3 只值得关注的量子计算 ETF——以及为什么其中两只不持有 D-Wave Quantum