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One of the key drivers behind the silver rally is also fueling the rise of artificial intelligence (AI) and the advent of quantum computing.
Transaction strengthens QCi's technology roadmap and advances QCi toward becoming a vertically integrated, domestic provider of photonics and quantum platforms HOBOKEN, N.J., Feb. 2, 2026 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and integrated photonics technology company, today announced the completion of acquiring Luminar Semiconductor, Inc. ("LSI"), a wholly owned subsidiary of Luminar Technologies, Inc. ("Luminar") (Nasdaq: LAZR), in an all-cash transaction valued at $110 million (the "Transaction").
Which of these quantum computing plays has a brighter future?
As of mid-October 2025, pure-play stocks IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. had soared by as much as 6,200% on a trailing 12-month basis. Although quantum computers offer intriguing real-world use cases, this technology is years away from solving practical problems more cost-effectively than classical computers.
Unlike most quantum computing stocks, Quantum Computing underperformed the market last year. Sales still may have doubled in 2025, and sales could triple in 2026 -- and quintuple in 2027.
Even compared to its closest competitors, Quantum Computing stock is extremely expensive. The company has quadrupled its share count over the last three years to raise money.
QUBT is outperforming peers after a $1.5B capital raise and on rising revenues, margins, and expanding photonic quantum manufacturing despite valuation risks.
Quantum pure-plays have accrued massive market capitalizations despite minimal revenue. Despite industry hype, many experts suggest practical quantum computing applications remain a decade or more away.
Quantum Computing hit major milestones in 2025, including a NASA subcontract, its first sale to a U.S. bank, the opening of its photonic chip foundry, and inclusion in the Russell indexes.
RGTI has surged far more than QUBT, but manufacturing scale, contracts, and cash positions shape which quantum stock has more upside.
UBS has identified several key quantum computing stocks that are leading the industry, with the technology offering "extraordinary potential."
At select points last year, trailing 12-month gains for quantum computing stocks IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. reached as much as 6,200%! Investors have become enamored with the sky-high addressable market and investment potential of quantum computing.
Comments from Nvidia CEO Jensen Huang triggered big moves for Quantum Computing stock last year. Concerns about valuation bubbles for AI and quantum stocks drove big pullbacks for the company's share price.
Quantum Computing's Fab 1 and Fab 2 strategy aims to cut manufacturing risk, scale photonic chips and position the company for commercial quantum adoption.
Quantum computing is back in focus — with Quantum Computing (QUBT). George Tsilis talks about Rosenblatt initiating coverage on the stock and Rigetti Computing (RGTI) with buy ratings as his anchor to Thursday's Overlook Stock.
RBC initiated Nvidia with a $240 target, citing $500B+ backlog and surging enterprise demand. Barclays upgraded Dell to overweight on AI server order strength and expanding enterprise opportunities.
Quantum Computing Inc. (NASDAQ: QUBT) shares are trading higher on Thursday after Rosenblatt analyst John McPeake initiated coverage with a Buy rating and announced a price target of $22.
Pre-Market Stock Futures: Futures are trading mostly higher after another risk-off day on Wall Street on Wednesday. Despite more solid news on the inflation front, as the producer price index report came in below estimates, the swirling geopolitical issues around the world and at home are starting to weigh on Wall Street's bullishness. The potential... Here Are Thursday's Top Wall Street Analyst Research Calls: Applied Materials, BankUnited, Broadcom, Dell Technologies, DraftKings, Lam Research, NVIDIA, and More.
Rosenblatt Securities initiates coverage on shares of both quantum companies at Buy.
Quantum computing is an addressable opportunity that has the potential to reach $1 trillion by 2035. Shares of IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. went parabolic last year in the wake of announced partnerships and the prospect of significant investments.