-3.46%
last session
Amazon is under pressure as a potential FTC antitrust lawsuit over its advertising practices could trigger billions...
Sourcecnbc.com - Jun 17
Quantum Computing Stocks
AiInnovationTechnology
Pure-play quantum hardware, post-quantum cryptography, and the Big Tech and industrial platforms investing in quantum R&D. The universe is dominated by Big Tech Quantum (94%) and Quantum Exposure (6%), outperforming SPY by 4.6 percentage points YTD.
YTD Return
+13.0%
+4.6 pts vs SPY
5 of 14 beat SPY
1-Month Return
+10.1%
+9.8 pts vs SPY
Universe Size
14 Stocks
Curated theme basket
Market Cap
$15.99T
Total capitalization
Theme Performance
Quantum Computing Stocks Performance vs SPY and QQQ
Track Quantum Computing Stocks without checking every day
Weekly updates on performance, valuation changes, and key movers.
Theme Composition
Quantum Computing Stocks Breakdown
Composition last reviewed
As of Jun 1, 2026
Categories reflect each company's primary theme role. Some companies may have exposure to multiple segments.
Theme Overview
Quantum Computing Stocks Overview
A summary of how the theme breaks down across business segments and where concentration risk lives.
Selected Stocks
14
in theme
Total Market Cap
$15.99T
combined
Highly Concentrated
The top 2 segments (Big Tech Quantum & Quantum Exposure & Quantum Hardware) represent 99.8% of this theme by market cap.
Top Quantum Computing Stocks Stocks
Top Quantum Computing Stocks Stocks by Segment, Performance, and Valuation
NVDA
NVIDIA Corporation
Price$204.65
Mkt Cap-
YTD+8.4%
Rev G70.7%
GOOGL
Alphabet Inc.
Price$363.79
Mkt Cap-
YTD+15.4%
Rev G17.5%
MSFT
Microsoft Corporation
Price$378.91
Mkt Cap-
YTD-19.9%
Rev G17.9%
AMZN
Amazon.com, Inc.
Price$237.50
Mkt Cap-
YTD+4.9%
Rev G14.2%
INTC
Intel Corporation
Price$121.10
Mkt Cap-
YTD+207.5%
Rev G1.4%
IBM
International Business Machines Corporation
Price$262.35
Mkt Cap-
YTD-10%
Rev G9.7%
QCOM
QUALCOMM Incorporated
Price$212.97
Mkt Cap-
YTD+23.1%
Rev G5.2%
HON
Honeywell International Inc.
Price$228.61
Mkt Cap-
YTD+16.7%
Rev G-6.3%
IONQ
IonQ, Inc.
Price$54.69
Mkt Cap-
YTD+16.9%
Rev G334.6%
QBTS
D-Wave Quantum Inc.
Price$22.94
Mkt Cap-
YTD-18.5%
Rev G-41.7%
| # | Chart (YTD) | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | NVDA NVIDIA Corporation | $204.65 | $4.96T | +8.4% | -8% | 41.8 | 70.7% | |
| 2 | GOOGL Alphabet Inc. | $363.79 | $4.4T | +15.4% | -8.4% | 33.7 | 17.5% | |
| 3 | MSFT Microsoft Corporation | $378.91 | $2.81T | -19.9% | -10.5% | 27.8 | 17.9% | |
| 4 | AMZN Amazon.com, Inc. | $237.50 | $2.55T | +4.9% | -10.3% | 33.1 | 14.2% | |
| 5 | INTC Intel Corporation | $121.10 | $608.04B | +207.5% | +12% | -2056.0 | 1.4% | |
| 6 | IBM International Business Machines Corporation | $262.35 | $246.09B | -10% | +17.8% | 23.5 | 9.7% | |
| 7 | QCOM QUALCOMM Incorporated | $212.97 | $224.47B | +23.1% | +4.6% | 42.5 | 5.2% | |
| 8 | HON Honeywell International Inc. | $228.61 | $144.86B | +16.7% | +5.2% | 31.1 | -6.3% | |
| 9 | IONQ IonQ, Inc. | $54.69 | $20.05B | +16.9% | +10.9% | -30.0 | 334.6% | |
| 10 | QBTS D-Wave Quantum Inc. | $22.94 | $8.43B | -18.5% | +20.3% | -20.7 | -41.7% |
Showing 10 of 14 stocks
Daily Intelligence
Yesterday in Quantum Computing Stocks
Key headlines and stock-level catalysts from the last trading session.
Last session recap is current.
End-of-day analysis published after market close. Next update after Jun 18, 2026 market close.
Session Brief
Jun 17, 2026The latest EOD theme brief is not available yet. The most recent stock-level drivers are shown below.
Key Drivers
Stock-Level Catalysts
Sentiment reflects catalyst narrative, not price direction - a stock can close lower while the fundamental driver is bullish.
-0.38%
last session
Honeywell’s board approved a spin‑off of its aerospace unit, boosting investor confidence and lifting the stock 3.2...
Sourcezacks.com - Jun 16
-3.12%
last session
IBM's stock has dropped 16% to $268 amid concerns that enterprises lack control over AI and are becoming overly dep...
Sourcegurufocus.com - Jun 16
+3.46%
last session
Fresh EOD news and price action made this stock a theme driver.
Sourcefool.com - Jun 17
-2.44%
last session
IonQ's recent 6% jump was driven by risk‑on optimism, but the stock fell 5‑7% as the quantum rally reversed.
Sourcefool.com - Jun 17
Updated after market close
Jun 17, 2026
Valuation Pulse
Are Quantum Computing Stocks cheap or expensive right now?
DCF valuations and Wall Street ratings across the theme.
Data as of Jun 18, 2026 (EOD)
14 stocks in theme - 12 with full coverage
DCF Valuation
(Intrinsic Value)12
of 14
covered
Undervalued
2(17%)
Fair Value
3(25%)
Overvalued
7(58%)
Top DCF Upside (Undervalued Only)
View allWall Street Consensus
(Price Targets)14
of 14
covered
Buy / Strong Buy
11(79%)
Hold
3(21%)
Sell / Strong Sell
0(0%)
Coverage Snapshot
Consensus is based on 14 stocks with analyst price targets. DCF analysis is based on 12 stocks with intrinsic value estimates.
Valuation Distribution
(14 covered stocks)Theme Valuation Score
2.4
Cheap
Scale: 1 (Cheap) to 5 (Expensive)
1
Bargain
4 stocks (29%)
>= +30%
2
Cheap
4 stocks (29%)
+10% to +30%
3
Fair
4 stocks (29%)
-10% to +10%
4
Expensive
1 stocks (7%)
-25% to -10%
5
Very Expensive
1 stocks (7%)
<= -25%
Valuation score blends Wall Street target upside at 65% weight and DCF upside at 35% weight when both are available; single-source covered stocks use the available signal. Higher score means more expensive.
Earnings Calendar
Upcoming Earnings in Quantum Computing Theme
Companies reporting in the next 30 days. Earnings dates and estimates can change as reports approach.
No earnings scheduled
No earnings scheduled in the next 30 days.
Earnings calendar updates as reporting dates are confirmed.
Research & Methodology
How to evaluate Quantum Computing Stocks
Methodology, investment thesis, and key risks for this theme.
Show DetailsHide Details
Research & Methodology
How to evaluate Quantum Computing Stocks
Methodology, investment thesis, and key risks for this theme.
How we evaluate these stocks
Our methodology
We separate pure-play quantum companies from diversified technology leaders and enabling hardware or software providers. The focus is milestone credibility, cash runway, revenue quality, and dilution risk.
- Quantum exposure must be credible and investable
- Pure plays are separated from diversified Big Tech exposure
- Milestones matter more than promotional timelines
- Cash burn and dilution risk are central checks
- Valuation is compared with commercialization uncertainty
Investment thesis
Why this theme exists
Quantum computing could eventually change optimization, simulation, cryptography, chemistry, and materials research. Public equities offer a mix of high-risk pure plays and lower-risk diversified exposure.
- Hardware approaches are competing for technical leadership
- Cloud access can broaden enterprise experimentation
- Government and research funding support the ecosystem
- Classical compute leaders may enable hybrid workflows
- Breakthroughs can create large option value
Key risks
What could go wrong
Quantum remains early and technically uncertain. Many pure plays have limited revenue, high cash burn, and valuations driven by sentiment rather than proven commercial demand.
- Commercial timelines can slip for years
- Technical approaches can lose relevance
- Pure plays may dilute shareholders repeatedly
- Revenue can remain small relative to valuation
- Theme momentum can reverse after milestone disappointment
FAQ
Frequently asked questions
Common questions investors have about the Quantum Computing Stocks theme.
01What are quantum computing stocks?
Companies whose revenue, R&D investment, or investment thesis is materially driven by quantum computing hardware, software, networking, or cryptography. Spans pure-play quantum hardware companies (IONQ, RGTI, QBTS, QUBT, ARQQ), Big Tech quantum platforms (IBM, GOOGL, MSFT, AMZN, NVDA), and diversified technology companies with quantum divisions (HON, INTC, QCOM).
02What is the best quantum computing stock to buy?
IonQ (IONQ) is the highest-quality pure-play: trapped-ion technology is widely considered to have superior qubit fidelity versus superconducting approaches, and IonQ has real enterprise and government revenue with a credible roadmap. IBM is the Big Tech leader with the most commercially deployed quantum computers via IBM Quantum Network. For investors who want quantum exposure without pure-play risk, IBM or Google (within Alphabet) are the most defensible choices.
03When will quantum computers be commercially useful?
NISQ-era quantum computers are commercially useful today for optimization, sampling, and simulation tasks — IonQ and Quantinuum are already booking enterprise revenue from cloud-based pilots. Fault-tolerant general-purpose quantum is still 5-15 years away, with timelines actively debated. Near-term applications with clear commercial value include pharmaceutical molecular simulation, logistics optimization, and financial portfolio optimization.
04What is post-quantum cryptography and why does it matter for investors?
Today's public-key encryption can be broken by a large enough fault-tolerant quantum computer — post-quantum cryptography refers to algorithms designed to be resistant to quantum attacks. NIST finalized PQC standards in 2024, starting a multi-year migration of global financial, defense, and enterprise systems — a near-term, multi-billion-dollar market independent of when fault-tolerant quantum arrives. ARQQ is the primary public play focused on quantum-safe networks.
05How is NVIDIA involved in quantum computing?
NVIDIA's CUDA-Q platform enables hybrid classical-quantum computing — using GPU clusters to simulate quantum circuits and to handle the classical compute required for quantum error correction. This positions NVIDIA as the classical compute substrate for the quantum era rather than a quantum hardware company. NVDA already generates real revenue from CUDA-Q enterprise deployments and government research programs, making it the most financially de-risked way to own quantum computing exposure.
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