Quantum computing stocks have been on an absolute tear, driven in large part by rumors of more US government support for the nascent technology that were realized in a memo earlier this week highlighting quantum technology as an R&D budgetary priority for fiscal 2027. <\/p>\n
Emergent technologies \u2014 most notably the internet \u2014 have historically benefited from a strong government push. Even now, the President Trump-backed AI joint venture known as Stargate is playing a starring role in driving billions in market value<\/a> for established tech giants like Oracle.<\/p>\n The quantum industry, and the investors flocking to the space, are hoping that their development is similarly turbocharged by state support.<\/p>\n \u201cAgencies should deepen focused efforts, such as centers and core programs, to advance basic quantum information science, while also prioritizing R&D that expands the understanding of end user applications and supports the maturation of enabling technologies,\u201d the memo says. \u201cOpportunities to support pre-competitive R&D through mechanisms such as consortia and other technology transition efforts, investment in critical infrastructure and testbeds, and advanced manufacturing to enable next-generation quantum devices should also be pursued.\u201d <\/p>\n The memo, which was written by Director Russell Vought and Michael Kratsios, director of the Office of Science and Technology Policy, also calls calls for agencies to \u201cprioritize R&D for cybersecurity resilience, to ensure the Nation is prepared with post-quantum cryptography to defend against future threats.\u201d<\/p>\n The news is being cheered by quantum computing execs, who would also appreciate some more urgency behind this support for their industry.<\/p>\n \u201cIt\u2019s encouraging to see the Trump Administration recognize that the private sector must play a central role in applied research and commercialization for quantum technologies,\u201d D-Wave CEO Dr. Alan Baratz told Sherwood News. \u201cAs the government explores emerging technologies, we urge policymakers to consider how quantum and AI can work together to address pressing public-sector challenges. While these priorities are reflected in the FY27 budget, there\u2019s no need to wait.\u201d <\/p>\n The handful of pure-play quantum computing companies we track closely \u2014 IonQ\u2019s<\/a>, D-Wave Quantum<\/a>, Rigetti Computing<\/a>, and Quantum Computing<\/a> \u2014 have added a whopping $23 billion in market capitalization over the past month, nearly doubling in the process through Wednesday\u2019s close. That hot run is reversing course on Thursday, however.<\/p>\n Other positive catalysts for the industry over this period include M&A activity<\/a>, tech breakthroughs<\/a>, new deals with governments<\/a> and affiliated agencies<\/a>, and a wave of price target hikes by Wall Street \u2014 even as those more optimistic outlooks have been outstripped by each and every pure-play quantum stock\u2019s recent rallies.<\/p>\n That being said, current valuations for quantum computing firms embed a lot of optimism around the idea that a government push will soon lead to explosive revenue growth in the future. Combined, these firms have generated less than $100 million over the past four quarters. And these companies have their fair share of detractors, including former hedge fund manager and biotech founder Martin Shkreli, who has been a vocal opponent of their businesses. Short interest as a share of float is about 18%, on average, across these four stocks as of mid-September, per exchange data.<\/p>\n","protected":false},"excerpt":{"rendered":"Quantum computing stocks have been on an absolute tear, driven in large part by rumors of more US…\n","protected":false},"author":2,"featured_media":43625,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[241,61,60,80],"class_list":{"0":"post-43624","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-computing","9":"tag-ie","10":"tag-ireland","11":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/43624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=43624"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/43624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/43625"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=43624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=43624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=43624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}