To The Moon

In Tuesday's US stock market, $D-Wave Quantum Inc.(QBTS)$ surged by 25.95%. On the news front, the announcement that $NVIDIA(NVDA)$ plans to invest in the quantum startup PsiQuantum has continued to draw investors' attention to quantum computing stocks.

This news has sparked positive sentiment in the market, leading investors to believe that large - scale tech companies are increasingly recognizing the potential of quantum computing, which in turn has driven the rise of stocks across the entire industry.

Since May, quantum computing stocks such as $Quantum Computing Inc.(QUBT)$ , $IONQ Inc.(IONQ)$ , $Rigetti Computing(RGTI)$ and $SkyWater Technology, Inc.(SKYT)$ have all seen double - digit gains, with $D-Wave Quantum Inc.(QBTS)$ even rising by over three digits.

In terms of macro - reasons, the sector also benefits from the continuous support of Trump's 2026 fiscal budget proposal.

In the White House's 2026 fiscal - year budget proposal released on May 2, 2025, President Trump's 2026 budget proposal maintained the research funding for quantum information science, listing it as a priority area for the US Department of Energy and the National Science Foundation, to maintain its leading position in the development and responsible use of these key technologies.

The performance of individual stocks in May varied, so let's take a look at the highlights of each company separately.

1. $IONQ Inc.(IONQ)$ Market Cap: $8.749 billion. May increased by 28.59%. Its partnerships and technological advancements in quantum computing have driven the stock price up.

• Company Profile: IonQ is a leading commercial quantum computing and networking company, focusing on developing quantum computing technologies. Its hardware has been integrated into the cloud platforms of Amazon, Microsoft, and Google, and it is committed to advancing computational capabilities in fields such as pharmaceuticals and finance.

• Company News: On May 12, IonQ announced an investment partnership with Einride, a global leader in freight mobility, to explore how quantum computing can drive the optimization of next - generation fleets and logistics development. In April, IonQ announced a $22 million deal with EPB to make Chattanooga, Tennessee, the first quantum computing and networking hub in the US.

• Bloomberg Analysts' Expectations: Since 2025, eight institutions have given $IONQ Inc.(IONQ)$ a buy recommendation. The average target price for the next 12 months is $40, + 13.3% higher than the current closing price.

  Data from Bloomberg, as of May 21st 2025

• Short-term technical analysis:The short-term pressure level is below $38 and below $50.

  Data from Tiger brokers, as of May 21st 2025

2. $D-Wave Quantum Inc.(QBTS)$ Market value of $4.839 billion: up 139% in May, mainly due to its leading position in quantum annealing technology and the wide application of its cloud platform Leap.

• Company Profile: D-Wave Quantum is a leader in quantum annealing technology, which is suitable for solving optimization problems in logistics, finance and machine learning, and provides quantum annealers and software tools through its cloud platform Leap. D-Wave's announcement that its latest quantum computer is officially available has driven the stock price up, marking an important milestone for the company in the field of quantum computing.

• Bloomberg Comprehensive Analyst Expectations: Since May, 6 institutions have given $QBTS a "buy and overweight" rating, with an average target price of $12.83, which is -22.5% from the current closing price.

  Data from Bloomberg, as of May 21st 2025

• Short-term technical analysis: If the price adjusts, the gap may be filled near $14, and the next target is above $22.5 (refer to the 2.618 Fibonacci sequence).

Data from Tiger brokers, as of May 21st 2025

3. $Rigetti Computing(RGTI)$ has a market value of $3.46 billion, with a 34.39% increase in May. Its progress in the development of multi-chip quantum processors has been recognized by the market.

• Company Profile: Rigetti Computing is a pure quantum computing company that focuses on designing and manufacturing multi-chip quantum processors, using superconducting circuits as quantum bits, providing cloud-based quantum computing services, and has obtained contracts from US defense agencies.

• Insider selling: On May 20, an insider sold $Rigetti Computing(RGTI)$ worth of shares. The screenshot of the relevant SEC documents is as follows. Among them, the chief financial officer reported the sale of 218,750 shares with a market value of approximately $2,592,187.50. In addition, $RGTI also has nearly $1 million in put option sellers.

Source: SEC

• Bloomberg's comprehensive analyst expectations: Since May, six institutions have given $Rigetti Computing(RGTI)$ a "buy overweight" rating, with an average target price of $14.8, up 24.2% from the current closing price.

  Data from Bloomberg, as of May 21st 2025

• Short-term technical analysis: The 2-hour Bollinger Bands convergence shows that the upward momentum will be strong in the next trading day. If the current momentum is maintained, $Rigetti Computing(RGTI)$ may rise to the level of $14-15.

Data from Tiger brokers, as of May 21st 2025

4. $Quantum Computing Inc.(QUBT)$ Market value of $1.62 billion: It surged 70% in May, showing the market's high attention to its quantum optimization platform.

• Company Profile: Quantum Computing Inc. is committed to developing the quantum optimization platform Dirac-3 Entropy Quantum Computer (EQC), focusing on solving complex optimization and artificial intelligence-related problems, and has obtained multiple NASA projects.

• Insider Selling: On May 19, 2025, Huang Yuping, the company's director, 10% shareholder, and chief quantum officer, sold $5.8505 million worth of shares.

• Bloomberg Composite Analyst Expectations: Since May, 3 institutions have given $Quantum Computing Inc. (QUBT) $ a buy-overweight rating, with an average target price of $14, +21.6% from the current closing price.

  Data from Bloomberg, as of May 21st 2025

• Short-term technical analysis: The stock price trend is bullish, and the stock price may need to remain above $13 to continue to advance to the $20 area. Short-term price pressure is above $16.

  Data from Tiger brokers, as of May 21st 2025

5. $Arqit Quantum Inc.(ARQQ)$ has a market value of US$300 million and rose 58.9% in May.

• Company Profile: Arqit Quantum is a quantum cybersecurity company whose QuantumCloud™ platform creates low-cost and easy-to-use unbreakable software encryption keys for a variety of networked devices and static data.

• Bloomberg Composite Analyst Expectations: Since the end of 2024, only one institution has given $ARQQ $ a buy rating, with a target price of $52 in the next 12 months, which has a potential of +111% compared to the current price.

  Data from Bloomberg, as of May 21st 2025

• Short-term technical analysis: $Arqit Quantum Inc.(ARQQ)$ stock price closed above the 200-day moving average, and MACD showed a bullish crossover... If it can clearly break through $24-25 with large trading volume, it is expected to open the door to $30.

  Data from Tiger brokers, as of May 21st 2025

6. $SkyWater Technology, Inc.(SKYT)$ market value of US$441 million: Up 29%+ in May, also benefited from the overall positive sentiment in the quantum technology field.

• Company Profile: It is an independent pure technology foundry headquartered in the United States, providing semiconductor development and manufacturing services through its manufacturing plants. SKYT is in deep negotiations with $NVIDIA(NVDA)$ on cooperation. $SKYT is a partner and provides quantum chip manufacturing for $NVIDIA(NVDA)$ and $D-Wave Quantum Inc.(QBTS)$.

• Bloomberg Comprehensive Analyst Expectations: Since May, 5 institutions have given $SKYT a buy rating, with an average target price of $11 in the next 12 months, +19.7% from the current price.

  Data from Bloomberg, as of May 21st 2025

  Short-term technical analysis: $SkyWater Technology, Inc.(SKYT)$ The current market value of this stock has also broken the downward trend and has not yet stood above the 120-day and 200-day price moving averages.

Data from Tiger brokers, as of May 21st 2025

Overall, quantum computing stocks performed strongly in May, driven by investment news from large technology companies, policy support, and their own technological progress.

Little Tigers, which quantum computing stocks do you think will have a better future growth?

Welcome to leave a comment in the comment area.

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