The promise of quantum computing has led to a surge in interest from both the scientific community and the business world. As a result, numerous companies, ranging from tech giants to startups, have ventured into quantum research and development, aiming to build the first truly scalable quantum computer. We look at the four pure-play publicly listed quantum computing shares and Zapata, which has recently announced that it will go public soon. This article is not investment advice; you must read the disclaimer below.
Investing in Quantum Computing Shares
For investors, quantum computing presents a unique opportunity. The industry is still in its nascent stages, and while there’s immense potential, there’s also significant risk. Quantum technology is complex, and many challenges remain before we see widespread commercial applications.
For investors and industry enthusiasts alike, keeping an eye on quantum computing companies and stocks is essential to understanding the trajectory of this exciting field.
In quantum computing, a “pure play” quantum company would dedicate its primary business operations to quantum-related products, services, or research. This could include quantum hardware development, quantum software, quantum algorithms, or quantum study and consultancy.
Investing in a pure-play quantum company and its shares allows investors to directly benefit from the growth and advancements in the quantum computing field. However, it also comes with the inherent risks of a nascent and rapidly evolving industry. We’ll go on to introduce these Quantum Computing Shares.
Rigetti Computing (NASDAQ:RGTI )
Rigetti has lost its co-founder, who named the company. Chad Rigetti has been replaced with another CEO. The company made headlines in August 2023 by developing a modular superconducting qubit architecture to enhance quantum computing capabilities. In a significant leadership transition on November 11, 2022, Chad Rigetti, the company’s founder, stepped down as CEO to concentrate more on product development. Financially, Rigetti Computing reported its financial results for the first quarter of 2022, hinting at the introduction of an 84 Qubit device. The company’s technological prowess was further recognized when the US Military Agency DARPA ONISQ Program selected Rigetti Computing in Phase 2 to deliver its technology on February 2, 2022. Expanding its global footprint, Rigetti Computing initiated a consortium to build the first commercial quantum computer in the UK on September 2, 2020.
Quantum Computing Shares Profile: Rigetti
Rigetti Computing is a quantum computing company that specializes in the design and manufacture of superconducting quantum integrated circuits, which serve as the foundational technology for their quantum computing platform, distinguished by their focus on scalable quantum chips and hybrid quantum-classical computing systems.
Quantum Computing Inc (NASDAQ: QUBT)
The company has been actively involved in various quantum initiatives and collaborations. For instance, they have partnered with Rabobank to address banking fraud, showcasing the practical applications of quantum computing in the financial sector. In another significant move, the VIPC designated Quantum Computing Inc. as a partner for risk-based flight trajectories, highlighting the company’s capabilities in optimizing complex systems. Quantum Computing Inc. has also been proactive in expanding its service offerings, as evidenced by the launch of their subscription service for Dirac 1 Entropy Quantum Computing. One of their notable achievements includes solving a 3,854-variable problem for BMW in just six minutes, showcasing the power and efficiency of their quantum solutions. Furthermore, in a significant step towards gaining more visibility and credibility in the financial markets, Quantum Computing Inc. applied for stock-listing on Nasdaq in early 2021.
Quantum Computing Shares Profile: Quantum Computing Inc
Quantum Computing Inc. is a company specializing in advanced quantum computing applications and software solutions, distinguished by its unique approach to harnessing qubit technology for solving complex data problems.
D-Wave Systems (NYSE: QBTS)
D-Wave Systems is a pioneering company in the quantum computing landscape. On August 9, 2022, D-Wave Systems announced the completion of their business combination with DPCM Capital, leading to the launch of the QBTS stock ticker. This move signifies D-Wave’s growing prominence in the quantum sector. Furthermore, on July 19, 2022, D-Wave entered into a strategic partnership with Mastercard to embark on a quantum computing project, highlighting the company’s commitment to fostering collaborations and advancing quantum applications. In a significant technological breakthrough, D-Wave achieved a milestone with the development of state-of-the-art Fluxonium Qubits, as reported on September 13, 2023. This advancement underscores D-Wave’s relentless pursuit of innovation in quantum hardware. On the business front, D-Wave Quantum reported a revenue of $1.7M, bookings worth $2.5M, and a cash balance of $50M in Q2 2023, reflecting the company’s robust financial health. Collaborative efforts also form a core part of D-Wave’s strategy, as evidenced by their partnership with the University of Waterloo in July 2023 to drive quantum computing advancements, an NSERC-funded project.
In February 2020, D-Wave introduced the Leap 2 Application suite, which focuses on Quantum Machine Learning, further emphasizing their dedication to integrating quantum computing with other cutting-edge technologies.
Quantum Computing Shares Profile: D-Wave
D-Wave Systems Inc. is a quantum computing company known for developing and deploying quantum annealing technology to offer cloud-based quantum computing services focusing on optimization and sampling problems, leveraging their unique superconducting qubit processors.
IonQ (NYSE:IONQ)
Recently IonQ announced a significant $25.5M Quantum Deal with the United States Air Force Research Lab. Demonstrating their commitment to innovation, IonQ unveiled their Quantum Computing Systems named Forte and Tempo, which promise commercial advantages and record-breaking performance. Their global reach is evident in their partnership with BearingPoint to expand quantum computing services in Europe. Furthermore, they’ve collaborated with Zapata AI to advance quantum computing in generative AI applications. In a testament to their growth and confidence in the quantum market, IonQ reported record $28M bookings, raised their 2023 revenue outlook, and established their first Quantum Data Center in Europe. Their commitment to education and industry growth is evident in their partnership with South Korea. One of their notable hardware achievements includes the unveiling of Forte, described as IonQ’s highest-performing commercial quantum computer. They’ve also joined forces with QuantumBasel to deploy quantum systems in Europe and have made strides in developing quantum circuits for modeling human cognition, which paves the way for improved decision-making and generative AI.
Quantum Computing Shares Profile: IonQ
IonQ is a quantum computing company known for developing quantum computers that use trapped ion technology. It utilizes ions as qubits, offering a promising path toward scalable quantum processing due to their long coherence times and high-fidelity quantum gates.
Zapata (soon to List)
In recent developments, Zapata AI has merged with Andretti Acquisition Corp., setting the stage for it to go public. This move underscores the company’s significant growth and aspirations in the quantum domain. Zapata AI has collaborated with IonQ to advance quantum computing in generative AI applications, showcasing its commitment to harnessing quantum technology for real-world applications. Another notable collaboration involves Zapata Computing and Insilico Medicine, where they aim to boost drug discovery using quantum-enhanced AI. Zapata’s influence isn’t limited to healthcare; they’ve partnered with BMW to enhance vehicle production efficiency using quantum-inspired generative AI techniques. On the defence front, Zapata Computing has delivered 30 Quantum Challenge Scenarios to DARPA, emphasizing its role in both commercial and defence sectors. The company has also been proactive in expanding its global footprint, as evidenced by the launch of their new UK office, which is primarily focused on quantum computing software. Financially, Zapata has been on a solid footing, having announced a $38 million Series B funding to further its efforts in commercializing quantum computing technologies and applications. In an interview with Quantum Zeitgeist, Zapata Computing shed light on their new Scientific Advisory Board and discussed the future trajectory of quantum computing. All these endeavours highlight Zapata’s dedication to pushing the boundaries of quantum technology and its application across various sectors.
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