Quantum Computing Stocks Show Fiery Momentum Amid Fed-Driven Rally
Quantum computing stocks like IonQ, Rigetti Computing, and D-Wave Quantum have surged this Autumn, fueled by a friendlier cost of capital after the Fed's September rate cut. Traders are piling into long-duration tech plays, with optionality-driven bets gaining traction. Washington's exploration of equity stakes in quantum firms has added further momentum.
IonQ leads the pack with a 255% year-over-year gain, bolstered by record-setting hardware advancements and strategic acquisitions. Rigetti Computing and D-Wave Quantum also ride the wave, though valuations appear stretched. While technical milestones and government interest lend credibility, the rallies exhibit speculative froth.