Quantum Computing Firms See Volatile Valuations Amid Market Frenzy
Rigetti, IonQ, D-Wave Quantum, and Quantum Computing Inc—dubbed 'Quantum 4'—have seen valuations surge by 100% this year despite unclear fundamentals. The sector's pricing swings reflect investor speculation on unproven technology with potential applications in cryptography and drug discovery.
'It feels like science fiction has moved into the world of real technological possibility,' said Sylvia Jablonski of Defiance ETFs. Financial statements reveal most companies remain unprofitable, though Rigetti briefly posted a quarterly profit in early 2025 from securities revaluation.