Trending Quantum Stocks—Rigetti And D-Wave Are Popping

Quantum stocks–Rigetti, D-Wave and Quantum Computing–were popping on Friday after trending across social media for most of the week.

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.

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.

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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