Source: Zhithon Finance
In the development process over the past six years,$Defiance Quantum Etf (QTUM.US)$the market performance has been lackluster, failing to attract investors' attention. However, with $Alphabet-A (GOOGL.US)$ / $Alphabet-C (GOOG.US)$ Announced a significant breakthrough in the field of quantum computing earlier this month, market sentiment has shifted rapidly. Now, QTUM is attracting inflow of funds at an astonishing rate.
Data compiled by Bloomberg shows that QTUM, which aims to track stocks related to quantum computing, has seen an inflow of approximately $0.25 billion so far in December, potentially setting a record for the largest monthly cash inflow since its launch in 2018. During this period, QTUM has increased by 17%. Before this year, QTUM had only a net inflow of $0.164 billion since its inception.
Earlier this month, Alphabet announced significant achievements with its Willow quantum chip in quantum computing. The company stated that its quantum computer can solve problems that would take a supercomputer about '10 to the power of 25' years to solve in just 5 minutes. After the news was released, Alphabet's stock price rose, and other quantum computing-related Stocks have also continued to rally in recent days.
Bloomberg Intelligence Analyst Athanasios Psarofagis stated, 'Quantum computing is experiencing a moment similar to AI last year. Many quantum computing stocks are not widely held by ETFs, so QTUM is actually the only pure investment in the market. I would not be surprised to see more funds related to quantum computing being listed.'
Quantum computing involves the use of quantum physics to create more powerful computers. Experts in the field hope that these computers can achieve breakthroughs and leaps in areas ranging from drug development to financial modeling.
The Index tracked by QTUM is $D-Wave Quantum (QBTS.US)$ 、$Rigetti Computing (RGTI.US)$and$IonQ Inc (IONQ.US)$as well as Alphabet and $NVIDIA (NVDA.US)$D-Wave, a Canadian company, first began selling quantum computers in 2011, and its stock price has risen over 800% this year, while Rigetti's stock price has increased by over 1000%.
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