Quantum Software Stocks Surge as Real-World Deals and Revenue Potential Drive Investors’ Attention

Quantum computing, long dominated by hardware advancements, is witnessing a pivotal shift as software gains traction. UK-based Phasecraft's $34 million funding round, backed by Novo Nordisk-linked investors, underscores this trend. The firm's breakthrough in density function theory efficiency could accelerate research tools, signaling software's growing role in unlocking near-term value.

While hardware still commands larger investments, Riverlane's rising prominence mirrors the sector's software awakening. Algorithmic efficiencies—like recent optimizations for Shor's algorithm—are compressing quantum's timeline to practicality. This capital migration reflects a maturing market where software bridges the gap between theoretical potential and commercial viability.