Introduction
The MunAiMarkets Pure-Play Quantum Computing Stocks Portfolio ws DOWN the last week of October but was still UP 51.6% at month’s end led by IonQ, Quantum Computing and Rigetti Computing (RGTI) which were all dramatically.
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, improving predictive analytics, pattern recognition and complex optimization tasks.
The MunAiMarkets Pure-Play Quantum Computing Stocks Portfolio
The research, development and leveraging of quantum computers is confined to only 4 companies that do so exclusive of anything else* and below are how the 4 companies performed in October, 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.
To determine why a particular stock advanced or declined so much , click on the stock symbol and scroll down to the “News” section.
- IonQ (IONQ): UP 54.8% in October
- 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: $3610M
- Short Interest: 18.5%
- Quantum Computing (QUBT): UP 67.2% in October
- Company Focus: developing photonic qubits that offer a number of key advantages over trapped ions or superconducting qubits
- Market Capitalization: $114M
- Short Interest: 3.2%
- Rigetti Computing (RGTI): UP 63.0% in October
- 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: $156M
- Short Interest: 14.9%
- D-Wave Quantum (QBTS): UP 2.9% in October
- Company Focus: focuses on quantum annealing technology
- Market Capitalization: $228M
- Short Interest: 10.0%
*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 went UP 23.1% w/e October 25th and is now UP 66.2% MTD and is now UP 34.0% YTD.
