After Alphabet-C announced the launch of the significant quantum chip WILLOW last week, quantum computing Stocks have received a lot of attention recently.
Although commercialization has yet to arrive, enthusiasm for this technology in the quantum computing market continues to rise.$Quantum Computing (QUBT.US)$On Monday, quantum stocks led the market, closing with an increase of over 65%.
By the close of trading,$Quantum (QMCO.US)$ The stock price has soared nearly 30%. In just the past month, its stock price has skyrocketed by about 370%.
$D-Wave Quantum (QBTS.US)$ Increased by over 44%, with its Market Cap soaring more than 400% in the past month.
$Rigetti Computing (RGTI.US)$It has astonishingly risen over 630% in the past 30 days.
Due to Morgan Stanley raising the$IonQ Inc (IONQ.US)$Target Price, the company's stock price soared nearly 24% in Monday's trade.
Morgan Stanley Analyst Joseph Moore stated in an investor report on Monday, 'We cannot pinpoint a definitive catalyst for the appreciation of stocks in this field during this time, but we do see continuing signs that investment in quantum will continue to grow rapidly.' 'Recently, USA Congress members proposed a bill authorizing the federal government to provide $2.7 billion in funding for quantum technology.'
Morgan Stanley increased IonQ's Target Price from $14.90 to over $37, but stated that recent announcements highlight 'the potential impact of the technology rather than actual short-term appreciation. We do expect this to unfold in the coming years.'
Moore added: "Clearly, the market is enthusiastic about the potential for quantum technology to participate in the $200 billion AI TAM by 2026, although we believe this is still uncertain."
U.S. Senator Maria Cantwell (Democrat from Washington) stated: "Advancements in quantum science and technology will be a game changer. From breakthroughs in Medical Care to clean Energy solutions, quantum applications in sensing, computing, and communication will reshape our future."
Other recent announcements in the field of Quantum Computing include$Amazon (AMZN.US)$the launch of Quantum Embark, aimed at helping customers prepare for the quantum computing era, which is an emerging field utilizing the power of quantum mechanics.
$Alphabet-C (GOOG.US)$ After announcing the launch of the significant quantum chip Willow last week, quantum computing Stocks have recently attracted much attention. An Analyst from Bank of America pointed out that although the applications of quantum computing are still in their early stages, the release of Willow had a significant impact on market sentiment.
Editor/Rocky
