These 4 Pure-Play Quantum Computing Stocks Fell 13.6%, On Average, In June

macro photography of black circuit board

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Quantum Computing

As explained by Mark Johnson, quantum computing uses the principles of quantum mechanics to process data in a fundamentally different way than traditional computers. Rather than using bits (with 0s and 1s), a quantum computer uses quantum bits, or qubits, which can represent both 0 and 1 simultaneously. This phenomenon is possible thanks to a physics property called superposition.

The better the computing power, and the more data, the better a semiconductor will perform and, as such, the race is on for companies to radically upgrade the computing power of their models. That's where "quantum computing" comes in. Check out this video on Quantum Computing: 4 Things You Need to Know.
 

Pure Play Companies

Pure-play companies concentrates all their efforts on a single line of business, and in this context, it’s quantum computing. Companies that are highly diversified, i.e., do not generate at least 50% of their sales from quantum computing products and services, 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.
 

 munKNEE's Pure-Play Quantum Computing Stocks Portfolio

Below are how the 4 stocks in the Portfolio performed in June, in descending order, along with a description of their business focus and the latest pertinent news, analyses and commentary on them.

  1. Rigetti Computing (RGTI): up 1.9% in June
  2. IonQ (IONQ): down 13.7% in June
  3. D-Wave Quantum (QBTS): down 15.6% in June
  4. Quantum Computing (QUBT): down 30.6% in June


Summary

The above 4 pure-play QC stocks have an average market capitalization of $120M, were down 13.6% in June, and are now down 35.8% 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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