By the end of 2024, quantum computing Stocks have exploded.

Recently, quantum computing stocks have undoubtedly attracted the attention of all investors. On Thursday, $Rigetti Computing (RGTI.US)$led the surge, with the stock price skyrocketing by 36% at the close;$D-Wave Quantum (QBTS.US)$and$Quantum (QMCO.US)$Not to be outdone, they rose by 24% and 12.5% respectively yesterday.

Analysts indicate that this exciting increase highlights the market's confidence in quantum computing becoming a transformative force across Industries. Currently, quantum computing is on a rapid growth trajectory, and experts anticipate that as the technology matures, its potential in efficiently solving complex problems and computational capability will further expand.

Among various Industries, fields such as pharmaceuticals (drug discovery), finance (financial modeling), and Logistics (supply chain optimization) are expected to be early applications of quantum technology.

However, it is important to note that there are security risks associated with the application of quantum computing, especially in the field of cryptography. Therefore, as quantum computing develops, the urgency to develop algorithms resistant to quantum attacks for data security protection is increasing.

What are the leading quantum computing Stocks?

The U.S. stock investment website founded by former New York Stock Exchange Analyst Ken analyzed the fundamentals of five quantum computing companies. The conclusion is that, from a risk perspective,$Quantum Computing (QUBT.US)$and$D-Wave Quantum (QBTS.US)$The risks are relatively high. From the perspective of return potential,$IonQ Inc (IONQ.US)$and$Rigetti Computing (RGTI.US)$it is more attractive.

NVIDIA of the Quantum Computing World: Rigetti Computing (RGTI)

RGTI is known for developing quantum processors and Cloud Computing Services, having created the Forest cloud platform, which aims to make quantum computing more accessible and practical. By the end of this year, RGTI's stock price began to soar, rising nearly 1600% year-to-date.

However, Seeking ALPHA Analyst Joseph Parrish stated that although Rigetti has potential, investors must be patient to see these results realized. Parrish said:

"Rigetti gives us hope for the popularization of quantum computing technology, but I currently believe that this possibility will not be realized until the end of this decade (the end of 2030), and in the process, companies that need to raise funds will face many risks."

D-Wave Quantum (QBTS)

QBTS is equally impressive, with its quantum annealing technology and Leap QCaaS platform simplifying complex optimization problems in Logistics, finance, and other Industries. So far this year, QBTS stock price has increased by over 1100%.

The leader in the quantum computing industry, IonQ (IONQ).

IONQ is developing Hardware and Software solutions aimed at making quantum computing feasible in real-world applications. Its core technology is based on ion trap quantum computing, which shows clear advantages when handling complex computational tasks. In the last month of 2024, IONQ's stock price rose by 52%, a relatively modest increase compared to peers. So far this year, IONQ has increased nearly 300%.

Multiple Analysts believe that IONQ is the most attractive among leading quantum computing stocks. James Foord, head of The Pragmatic Investor investment group, stated:

IonQ's financial health is good, with no debt and $0.36 billion in Cash, reducing the risks of equity dilution and bankruptcy, although the company has operational losses... Among publicly traded quantum stocks, this company's fundamentals are the most noteworthy, and I believe it has superior technology and a stronger development roadmap.

Unlike other companies in the industry, IonQ has actually begun providing quantum computing services to customers through most major cloud providers.

Quantum Computing (QUBT)

QUBT focuses on making quantum technology more economical and operable. The launched Dirac system is a portable, low-power quantum computing device that operates at room temperature and is widely used in AI, Cybersecurity, and remote sensing. Since the beginning of this year, QUBT's stock price has increased by over 2000%!

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