3 Quantum Computing Stocks With the Most Upside in August
Quantum computing stocks Rigetti Computing (RGTI), IonQ (IONQ), and D-Wave Quantum (QBTS) have seen recent gains due to government policy tailwinds. Rigetti, with a $28.81 price target, has 81.4% upside potential. IonQ, up 34.68% in a month, has 68.19% upside. D-Wave, with 19.7% upside, focuses on commercial traction. All three are pre-profit and speculative.
How this was made
The 30-second read
Why it matters
Earnings beats, guidance upgrades, and government funding signals provide fresh catalysts for each ticker.
Market read
The sector’s policy tailwinds and strong Q2 earnings create short‑term trading opportunities across the three highlighted stocks.
What to watch
Regulatory and execution risk of government contracts; long‑term technology adoption timelines.
Background
The article reviews three pure‑play quantum computing stocks after recent White House executive orders and recent Q2 results.
Ticker impact
Rigetti reported Q2 revenue of $5.14 M and a potential $100 M CHIPS Act funding LOI, with a target price implying ~81% upside.
Potential upside of 70‑80% if funding materializes and guidance holds.
Revenue growth and cash position are strong, but the funding is only a letter of intent and may dilute shareholders.
IonQ posted record Q2 revenue of $80.05 M, raised full‑year guidance to $280‑$290 M, and announced the SkyWater acquisition.
Target price suggests ~68% upside; investors may buy on earnings momentum.
Revenue surge is compelling, but large net loss and high beta increase risk.
D‑Wave reported Q2 revenue of $3.08 M, bookings of $35.5 M and highlighted an AT&T contract for annealing platform integration.
Analyst target implies ~20% upside; near‑term moves may follow upcoming Q4 shipments.
Bookings growth is strong, but revenue miss and long‑term technology timeline add uncertainty.
Market effects
Highlights continued policy tailwinds and growing commercial demand in the quantum computing sector.
U.S. quantum firms may benefit from federal CHIPS Act funding and executive orders.
Potentially influences investor appetite for niche deep‑tech equities worldwide.
Counterpoint
High beta and ongoing losses could lead to sharp downside if funding or bookings fail to materialize.
Key entities
- CompanyRigetti Computing
Quantum hardware developer with a CHIPS Act funding LOI.
- CompanyIonQ
Quantum cloud services provider; completed SkyWater acquisition.
- CompanyD‑Wave Quantum
Quantum annealing specialist with AT&T contract.
