Our Quantum Computing Portfolio UP 165% In November! Here’s Why

Introduction

The Pure-Play Quantum Computing Stocks Portfolio was the leading MunAiMarkets portfolio in November – UP 165%, yes 165%! – and is now UP 391% – yes 391% – since the end of August (i.e. 3 months). Here’s why.

What Is Quantum Computing?

Present day “classical” computers operate on a binary system that is equipped with chips that use bits to perform computations. These bits are limited, though, and can only show a value of zero or one, so it takes a lot of zeros and ones arranged in specific orders for a computer to do anything.

The research, development and leveraging of  “quantum” computers is underway, however, operate with subatomic particles that use quantum bits (qubits) to allow the particles to exist simultaneously in more than one state dramatically increasing processing speeds dramatically – and quicker processing speeds mean that computers can tackle more complex problems, improving predictive analytics, pattern recognition and complex optimization tasks.

The MunAiMarkets Pure-Play Quantum Computing Stocks Portfolio

Only 4 companies are researching and developing quantum computers exclusive of anything else* and below are how they performed in November, in descending order, and in the past 3 months along with their business profiles, market capitalizations, and the reasons for their major price increases.

1. Quantum Computing Inc. (QUBT): UP 524.1% in November; UP 975.4% in Last 3 Months
   • Company Focus: developing photonic qubits that offer a number of key advantages over trapped ions or superconducting qubits
   • Market Capitalization: $835M
   • Reasons for Increase:
     1. Breakthrough in Quantum Algorithms: The company announced a significant breakthrough in quantum algorithms, which reshaped industry prospects.
     2. Strategic Partnerships: Quantum Computing Inc. secured a strategic partnership with the University of Texas at Austin, which included a substantial order for their innovative lithium niobate photonic chips.
     3. Positive Market Sentiment: The overall market sentiment towards quantum computing companies improved, driving up stock prices in the sector.
     4. Analyst Ratings: Financial analysts issued positive ratings for QUBT, with a consensus price target indicating a forecasted upside of 25.93% from the current price.
2. D-Wave Quantum (QBTS): UP 187.7% in November; UP 202.0% in Last 3 Months
   • Company Focus: focuses on quantum annealing technology
   • Market Capitalization: $677M
   • Reasons for Increase:
     1. Positive Analyst Ratings: Several financial analysts upgraded their ratings for QBTS. For instance, B. Riley Securities issued a “Buy” rating with a price target of $4.50, and Needham set a price target of $2.50
     2. High Volume of Call Options: There was a notable increase in the purchase of call options for QBTS, indicating strong investor confidence.
     3. Company Developments: D-Wave Quantum reported progress on its 4,400 qubit Advantage 2 processor and secured a significant pilot partnership with NTT DOCOMO.
     4. Market Sentiment: The overall market sentiment towards quantum computing companies improved, driving up stock prices in the sector.
3. IonQ (IONQ): UP 139.9% in November; UP 385.8% in Last 3 Months  
   • Company Focus: planning to build a network of quantum computers accessible via the cloud using trapped-ion technology in its processing units which relies on suspending ions in space using electromagnetic fields, and transmitting information through the movement of those ions in a “shared trap.”
   • Market Capitalization: $7.9B
   • Reasons for Increase:
     1. Technological Breakthroughs: IonQ demonstrated a pivotal advance in quantum mechanics by achieving remote ion-ion entanglement, a crucial step for developing functional quantum computers.
     2. Strategic Partnerships: The company secured important collaborations with the US Army, leading academic institutions, and tech giants like Nvidia.
     3. Positive Financial Results: IonQ’s Q3 revenue exceeded expectations, driving a remarkable 268% increase in its stock price over the past 90 days.
     4. Analyst Ratings: Financial analysts issued positive ratings for IONQ, with several brokerages raising their price targets
4. Rigetti Computing (RGTI): UP 129.5% in November; UP 229.3% in Last 3 Months
   • Company Focus: specializes in superconducting qubit technology and has developed a suite of software tools and algorithms for programming and simulating quantum computations
   • Market Capitalization: $854M
   • Reasons for Increase:
     1. Positive Analyst Ratings: Financial analysts issued positive ratings for RGTI, with B. Riley Securities initiating a “Buy” rating and raising their price target.
     2. Technological Advancements: Rigetti introduced a new modular system architecture and demonstrated progress with its quantum chips, achieving high fidelity on its 9-qubit chips.
     3. Strategic Partnerships: The company secured partnerships with Riverlane, NQCC, and collaborations on quantum machine learning with NVIDIA and Quantum Machines.
     4. Market Sentiment: The overall market sentiment towards quantum computing companies improved, driving up stock prices in the sector.

*Please note: Our MunAiMarkets Pure-Play Quantum Computing Stocks Portfolio only includes those companies that concentrate all their efforts on the research and development of quantum computing. Companies that are also involved in the research and development of quantum computing but are also involved in other aspects of AI technology, such as Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOGL), Amazon  (AMZN), Advanced Micro Devices (AMD), IBM, Intel (INTC), Honeywell Int’l (HON), and Baidu (BIDU), are excluded from this analysis to allow for a true comparison of performance by similar constituents.

Summary

The MunAiMarkets Pure-Play Quantum Computing Stocks Portfolio was UP 165.1% in November  and is now UP 391.2% in the past 3 months.

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