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Three major hedge funds purchased shares of Rigetti Computing, a stock that has soared 3,050% since January 2023, while trimming their large positions in Amazon.
Rigetti Computing is leveraging its cash position, which surpassed $600 million, to fund an accelerated R&D roadmap toward a 1,000+ qubit system by 2027 despite rising operating expenses and an 88.9% projected decline in 2025 earnings.
Jefferies and Wedbush initiated bullish coverage on quantum computing stocks, projecting D-Wave Quantum could achieve 73% compounded annual revenue growth through 2030.
Western Digital is partnering with quantum startup Qolab to develop scalable superconducting qubits, leveraging its manufacturing expertise to enter the high-growth quantum computing sector. This strategic investment positions WDC in a market forecasted to experience exponential growth.
Accuray Incorporated announced a significant restructuring plan, including a 15% workforce reduction, to improve annual operating profit by approximately $25 million. This move occurs as its stock has declined over 46% year-to-date and reflects a broader market trend of corporate repositioning amid economic uncertainty.
Investors are looking beyond the initial AI boom, reallocating capital into AI-adjacent infrastructure and next-generation technologies like quantum computing. This shift occurs amid analyst warnings that the primary AI trade is overbought, prompting a search for new growth opportunities ahead of 2026.
Quantum Computing Inc. (QUBT) stock rallied 9.73%, closing at $12.07, as investors engaged in bargain-hunting following a recent 30% price decline. The movement reflects a broader market rotation from overvalued AI-linked equities toward sectors with more attractive entry points.
Quantum Computing Inc. (QCi) will showcase its quantum photonics at CES 2026, signaling a push toward commercial applications. The move comes as the quantum sector shows divergent strategies, with some like D-Wave achieving early revenue while the broader AI infrastructure boom highlights massive capital risks.
IonQ announced its technical roadmap, including a 256-qubit system by 2026, but saw its stock decline 4.19% as investors weigh the company's high valuation and intense market competition against its long-term potential.
Quantum computing advancements pose a credible threat to existing cryptographic standards, including those securing Bitcoin, prompting a global race to develop countermeasures. Central banks and governments are now proactively testing and funding post-quantum cryptography (PQC) to secure critical financial infrastructure against future attacks.
Brookfield and Qatar's sovereign AI company, Qai, have established a $20 billion joint venture to develop artificial intelligence infrastructure. The partnership aims to position Qatar as a prominent AI hub in the Middle East, signaling a major strategic push into the global technology sector.
NetApp and F5 are expanding their partnership to offer enhanced performance for AI workloads and introduce Post-Quantum Cryptography (PQC) for enterprise data. This move addresses the growing need for robust security solutions as AI adoption accelerates and future threats from quantum computing emerge.
Mizuho Securities initiated coverage on three pure-play quantum computing firms with "Outperform" ratings, signaling growing Wall Street confidence in the sector. The move coincides with a surge in private funding and big-tech investment, reflecting a broader market shift towards commercializing quantum technology.