Introduction to the Thematic Research
Quantum computing has quickly turned into one of the most speculative corners of today’s technology market. In recent weeks, D-Wave Quantum (QBTS) surged more than 190%, IonQ (IONQ) climbed to a $29B valuation, and Rigetti Computing (RGTI) rallied over 400% to nearly $18B.
The appeal is understandable. If quantum computers reach commercial scale, they could reshape global cybersecurity, logistics, and advanced scientific research. Investors want early exposure to what many see as the next major technological wave following artificial intelligence.
Our analysis highlights D-Wave Quantum (QBTS) and Quantum Computing (QUBT) as the weakest names in the group. Both face credibility concerns and trade at valuations that show no support from underlying fundamentals.
This report sits outside the Aurelion Index, yet the idea deserves attention. It presents an independent view on the risks, valuations, and dynamics driving the current phase of the quantum computing trade.
