Trending Quantum Stocks—Rigetti And D-Wave Are Popping

Quantum stocks were popping on Friday after trending across social media for most of the week. Here's a look at what's going on in the quantum computing sector. 

• RGTI stock is climbing. See the real-time chart here. 

Q/C Technologies – QCLS

There's a new name in the quantum computing space: Q/C Technologies, Inc. (NASDAQ:QCLS), formerly TNF Pharmaceuticals, Inc. (NASDAQ:TNFA).  

The company announced a strategic pivot into quantum computing, securing exclusive global rights to LightSolver's light-speed laser processing unit (LPU) for applications in the cryptocurrency vertical.

"Our new name and identity better reflect the Company's future," said Joshua Silverman, chairman of Q/C Technologies. 

"With exclusive rights to LightSolver's innovative computing platform for the crypto vertical, we are advancing a first-mover strategy in a trillion-dollar industry under immense pressure to evolve profitably and at scale," he added. 

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Rigetti – RGTI 

Last week, Rigetti Computing, Inc. (NASDAQ: RGTI) announced that it had secured purchase orders worth $5.7 million for two 9-qubit Novera quantum computing systems. 

B. Riley analysts maintained a Buy rating on Rigetti shares and raised the price target from $19 to $35. 

Rigetti stock was up more than 17% on the week and 140% on the month. 

IonQ – IONQ 

IonQ was trending across the board, likely moving in sympathy with other quantum names. 

IonQ stock has increased by 68% over the past month. 

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D-Wave Quantum – QBTS 

CNBC host Jim Cramer recently advised D-Wave Quantum, Inc. (NYSE:QBTS) to adjust its cost basis and "let the rest run." 

Last week, B. Riley analyst Craig Ellis maintained a Buy rating on D-Wave and raised the price target from $22 to $33. 

The research note highlighted a 50% price target increase, expressing confidence in D-Wave’s prospects and its leadership in the quantum-computing sector.

Quantum Computing – QUBT

Quantum Computing, Inc. (NASDAQ:QUBT) debuted its Quantum Secure Solution, a commercial, high-dimensional, time-energy-based quantum secure network, at the European Conference on Optical Communication this week. 

“We believe quantum-secure communication should be practical, scalable, and future-proof,” said Dr. Yuping Huang, CEO of QCi. 

“Our solution is not theoretical. It’s built for deployment in real-world infrastructure today,” Huang added. 

Last week, QCi closed an oversubscribed private placement that raised $500 million by selling 26.87 million shares of common stock. 

QUBT stock was up 24% on Friday. 

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