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An Introduction

According to Precedence Research, The quantum computing industry is expected to experience a compound annual growth rate (CAGR) of 36.9% between now and 2030. That being said, however, according to McKinsey’s estimation, operational quantum computers are expected to only reach about 5,000 by then but, when they do, they will change the world as we currently know it.

Our Pure-Play Quantum Computing Stocks Portfolio

Only 4 small, innovative companies, trading on Canadian and/or American stock exchanges, are exclusively developing and leveraging QC and below is how each performed in August, in descending order, and YTD, along with their business profile, market capitalization and any news, analyses and commentary related to those changes plus an update on how the portfolio performed yesterday after the major decline in tech stocks.
 

1. D-Wave Quantum (QBTS): UP 1.0% in August; UP 14.8% YTD
   • Company Focus: focuses on quantum annealing technology
   • Market Capitalization: $203M
   • Latest News, Analyses and/or Commentary:
     • D-Wave Quantum Reports Strong Q2 2024
     • D-Wave Expands Commercial Partnership with Zapata Computing
     • D-Wave Expands Product Roadmap to Bring Power of Quantum to AI & ML
2. Quantum Computing (QUBT): DOWN 4.4% in August; DOWN 28.6% YTD
   • Company Focus: developing photonic qubits that offer a number of key advantages over trapped ions or superconducting qubits
   • Market Capitalization: $61M
   • Latest News, Analyses and/or Commentary:
     • Quantum Computing Releases Mid-Year Business Update
3. IonQ (IONQ): DOWN 9.0% in August; DOWN 40.1% YTD
   • 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: $1,590M
   • Latest News, Analyses and/or Commentary:
     • IonQ Announces Second Quarter 2024 Financial Results
4. Rigetti Computing (RGTI): DOWN 10.7% in August; DOWN 6.1% YTD
   • 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: $175M
   • Latest News, Analyses and/or Commentary:
     • Rigetti Computing Reports Q2 Loss, Lags Revenue Estimates

Summary

The Pure-Play Quantum Computing Stocks Portfolio was DOWN 7.9% in August  and is now DOWN 34.1% YTD.

An Update

Tech stocks plummeted yesterday (Tuesday) after the ISM manufacturing index reported August figures below consensus expectations and that  raised fears about the strength of the economy and that drove down the Pure-Play Quantum Computing Stocks Portfolio by 6.4% on the day.

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