Quantum Computing Stocks Surge as Rigetti and D-Wave Make Breakthroughs

Rigetti Computing and D-Wave Quantum have delivered staggering stock performance over the past year, with gains reaching 2,847% and 2,278% respectively. These quantum pioneers are pushing the boundaries of computational power through superconducting and annealing qubit technologies.

Rigetti's recent achievements include demonstrating 99.5% accuracy on a 36-qubit system and securing a $5.8 million contract with the U.S. Air Force. Meanwhile, D-Wave continues to scale its annealing quantum computers, now boasting systems with over 1,200 qubits.

Despite minimal revenue and ongoing losses, both companies command valuations between $7-10 billion. The market appears to be pricing in quantum computing's potential to revolutionize fields from drug discovery to climate modeling by solving problems intractable for classical supercomputers.