9 Largest Quantum Computing Stocks Up 3% In February; Now Up 4.5% YTD

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The munKNEE Quantum Computing Hardware Developers Index consists of the 9 largest quantum computing (QC) companies* trading on American stock exchanges and they are ranked below as to their performances in February, in descending order, and YTD along with a description of their business focus, their current market capitalizations, and their latest news, commentary and/or analysis. *(Microsoft  (MSFT), Nvidia (NVDA), Alphabet (GOOGL), and Amazon (AMZN) are not included in the Index due to their extremely large market capitalizations.)

  1. D-Wave Quantum (QBTS): UP 117.6% in February; UP 110.2% YTD
  2. Rigetti Computing (RGTI): UP 51.6% in February; UP 91.8% YTD
  3. Advanced Micro Devices (AMD): UP 14.8% in February; UP 30.6% YTD 
    • focuses on CPUs and GPUs and has launched its MI300X, the most powerful AI chip in history with the power of 2.4 times that of Nvidia's top devices in just one chip as well as 1.6 times the memory bandwidth.
    • Latest News, Commentary and/or Analysis:
  4. Micron Technology (MU): UP 4.7% in February; UP 6.2% YTD
  5. IonQ (IONQ): UP 0.9% in February; DOWN 16.4% YTD
    • develops QC hardware, is the first to have its computing systems available via all the major public cloud services, and plans to build a network of quantum computers accessible via the cloud.
    • Latest News, Commentary and/or Analysis:
  6. IBM (IBM): UP 0.7% in February; UP 13.1% YTD
  7. Intel (INTC): No Change in February; DOWN 14.3% YTD
    • is developing its QC chips using silicon and, while not set on regaining dominance in the semiconductor industry, it could become an important segment in integrated chip design if research yields positive results.
    • Latest News, Commentary and/or Analysis:
  8. Honeywell International (HON): DOWN 1.7% in February; DOWN 5.2% YTD
    • has merged its quantum computer unit with Cambridge Quantum Computing into an entity called Quantinuum with a 54% ownership stake.
    • Latest News, Commentary and/or Analysis:
  9. Baidu (BIDU): DOWN 3.8% in February; DOWN 14.9% YTD

Summary

On average, the above 9 QC stocks were UP 3.2% in February, on average,  and are now UP 4.5% YTD.


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Disclosure: None

This article has been composed with the exclusive application of the human intelligence (HI) of the author. No artificial intelligence (AI) technology has been deployed. ...

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