The race is on for companies to radically upgrade the computing power of their models and that’s where quantum computing (QC) comes in. The QC industry is forecast to have a compound annual growth rate of 36.9% between now and 2030 and, while there will only be about 5,000 operational quantum computers by then according to McKinsey’s estimation, when they do, they will change the world as we currently know it.

Pure-Play Quantum Computing Stocks Portfolio

All 4 of the pure-play quantum computing stocks in the Portfolio were up dramatically last week fueled by a number of catalysts. Below is how each constituent performed this week, in descending order, and MTD, the primary reason(s) behind the increases in each instance and a chart of the performance of the Portfolio over various time periods:

1. IonQ (IONQ): up 33.0% w/e Sept. 12th; up 30.1% MTD 
   • Focus: Planning to build a network of quantum computers accessible via the cloud using trapped-ion technology in its processing units.
   • Primary Reason(s) For Increase:
     • IonQ reaffirmed its goal to build a 2 million-qubit quantum computer by 2030 positioning it as a leader in quantum scalability.
     • The company was recently featured in Newsweek’s Excellence Index, Forbes’ Most Successful Mid-Cap Companies, and Built In’s Best Places to Work, adding credibility and visibility to IONQ,
2. Rigetti Computing (RGTI): up 26.4% w/e Sept. 12th; up 17.6% MTD
   • Focus: Specializes in superconducting qubit technology and has developed a suite of software tools and algorithms for programming and simulating quantum computations.
   • Primary Reason(s) For Increase:
     • Rigetti reported 99.5% median two-qubit gate fidelity on its 36-qubit system cutting error rates nearly in half compared to its previous architecture and this breakthrough suggests a viable path to scaling quantum systems beyond 100 qubits, which is a major leap toward commercial viability;
     • Rigetti also secured a $5.48 million U.S. Air Force award for advanced fabrication, adding credibility and financial backing signaling growing national interest in quantum tech for defense and infrastructure.
3. D-Wave Computing (QBTS): up 15.5% w/e Sept. 12th; up 13.7% MTD 
   • Focus: Focuses on quantum annealing technology..
   • Primary Reason(s) For Increase:
     • D-Wave launched a Quantum AI toolkit that integrates directly with PyTorch, an open-source machine learning framework used for building and training deep learning models which makes it easier for machine learning teams to experiment with quantum-enhanced models.
4. Quantum Computing Inc. (QUBT): up 12.6% w/e Sept. 12th; up 7.8% MTD
   • Focus: Develops photonic qubits that offer a number of key advantages over trapped ions or superconducting qubits.
   • Primary Reason(s) For Increase: 
     • QUBT completed its Tempe-based  thin-film lithium niobate (TFLN) photonic chip foundry, giving it independent production capability for the first time.
     • QUBT secured a major deal with the National Institute of Standards and Technology to supply TFLN photonic circuits, marking its first direct U.S. government order in this field and this validated its proprietary quantum photonics technology and boosted investor confidence and momentum.

Summary

Our Pure-Play Quantum Computing Stocks Portfolio was up 25.3% last week, is up 21.1% MTD and is now up 33.5% YTD.

The above portfolio chart has been generated using the tools provided by PortfoliosLab.com and easy step-by-step instructions are available here to help you create a chart of your own portfolio or that of a client. It's easy, fast and free.

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