Overview
- Shares of IonQ, D‑Wave, Rigetti, and Quantum Computing Inc. posted double‑digit gains, with prices extending higher in early trading.
- IonQ said it linked two trapped‑ion quantum machines using light, a step toward networked systems, and it secured a related contract from DARPA.
- Nvidia unveiled an AI model called Ising to speed quantum error correction, which CEO Jensen Huang said can run up to three times faster than current methods.
- D‑Wave CEO Alan Baratz promoted quantum’s power and speed at a Washington event, citing roughly ten kilowatts of power use and saying, “If I was Nvidia, I’d be shaking in my boots.”
- Despite the surge, all four stocks remain down for 2026, and analysts expect profits are years out, with S&P data indicating QUBT may not turn a profit before 2029 as it burns about $37 million in cash.