What Is Quantum Computing?
- Currently, “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.
- On the other hand, however, “quantum” computers operate with subatomic particles that use quantum bits (qubits) to allow the particles to exist simultaneously in more than one state. This increases processing speeds dramatically and quicker processing speeds mean that computers can tackle more complex problems, which will improve predictive analytics, pattern recognition and complex optimization tasks.
- Building a quantum computer is extremely expensive, complex and massive, and needs to be kept in stable laboratory conditions, and cooled to nearly absolute zero (-459 degrees Fahrenheit) and, as such, the research, development and leveraging of quantum computers is confined to very few tech companies.
Our Pure-Play Quantum Computing Stocks Portfolio
The Pure-Play Quantum Computing Portfolio went DOWN 9.8% w/e Sept. 6th only to reverse course this week, going UP 14.4%. Below are how the 4 companies, trading on Canadian and/or American stock exchanges that are exclusively (i.e. are pure-play) researching the development of quantum computing, performed w/e Sept. 13th, in descending order, along with their business profiles, market capitalizations, their prevailing short interest percentage which is a measure of how many investors are betting that a stock’s price will fall further and any news contributing to the price change in the stock:
- Quantum Computing (QUBT): UP 18.6% w/e Sept. 13th
- Company Focus: developing photonic qubits that offer a number of key advantages over trapped ions or superconducting qubits
- Market Capitalization: $67M
- Short Interest: 2.8%
- News:
- D-Wave Quantum (QBTS): UP 14.8% w/e Sept. 13th
- Company Focus: focuses on quantum annealing technology
- Market Capitalization: $201M
- Short Interest: 10.9%
- News:
- IonQ (IONQ): UP 14.1% w/e Sept. 13th
- 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: $1,580M
- Short Interest: 17.1%
- News;
- Rigetti Computing (RGTI): UP 13.3% w/e Sept. 13th
- 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: $157M
- Short Interest: 15.1%
- News:
Please note: Our Pure-Play Quantum Computing Stocks Portfolio only consists of 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 Pure-Play Quantum Computing Stocks Portfolio went DOWN 7.9% in August, is UP 14.4% this week and is already UP 3.2% MTD.
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