Quantum computing stocks are some of the most explosive plays in the market right now, especially as they’re tied to the hottest sector of the past two years—artificial intelligence. Traders are piling into these low-priced stocks, betting on their potential to provide the processing power AI needs to reach the next level. With the AI boom showing no signs of slowing down, quantum computing is becoming the perfect sympathy sector to watch.
| Stock Ticker | Company | Performance (YTD) |
|---|---|---|
| NASDAQ: QUBT | Quantum Computing Inc | + 715.73% |
| NYSE: IONQ | IONQ Inc | + 195.64% |
| NYSE: QBTS | D-Wave Quantum Inc | + 359.76% |
| NASDAQ: QMCO | Quantum Corp | + 88.04% |
| NASDAQ: RGTI | Rigetti Computing Inc | + 245.65% |
These stocks are volatile and speculative—just how we like them. They thrive on hype, news, and the possibility of future breakthroughs, creating massive opportunities for disciplined traders. And real news like Amazon’s entry into quantum computing continues to send these stocks even higher.
Here are five quantum computing penny stocks with big momentum right now and setups worth watching.
1. Quantum Computing Inc. (NASDAQ: QUBT): Riding the Quantum-AI Hype
Why It’s Hot: QUBT has been a top performer in 2024, up 715%* year-to-date. The company’s photonic chip technology has drawn massive attention, especially after its first major order was announced in November, triggering a 560%* spike. This stock is a trader’s dream with its low float and high volatility.
What to Watch: The stock is still holding up after its recent rally, with support near $6. Watch for setups like dip buys if the stock consolidates, or breakout trades if news hits. QUBT has the kind of price action that rewards preparation.
2. IONQ Inc. (NYSE: IONQ): Leading the Quantum Revolution
Why It’s Hot: IONQ has been a standout quantum stock, leveraging partnerships like its $54.5 million U.S. Air Force contract to solidify its position. Up almost 200%* this year, IONQ is at the forefront of quantum computing innovation, which traders love to speculate on.
What to Watch: The stock is trading in a clear range between $30 support and $37 resistance. With momentum on its side, IONQ could offer opportunities for both dip buys and breakout trades. Keep an eye on catalysts like new deals or tech announcements.
More Breaking News
- BlackBerry’s Rollercoaster Week: A Strategic Leap or Temporary Surge?
- The Stunning Surge of QUBT: Can This Quantum Leap Sustained?
- Zeekr’s Unexpected Surge: What’s Fueling the Rapid Rise?
3. D-Wave Quantum Inc. (NYSE: QBTS): Pioneering Qubit Development
Why It’s Hot: QBTS broke past $2 resistance in November after completing calibration on its 4,400+ qubit Advantage2 processor. The stock is now riding a wave of speculative interest in quantum technology, making it a favorite among traders chasing volatility.
What to Watch: Look for multi-day continuation setups. QBTS often sees weekend gaps and Monday follow-ups, making it perfect for my weekend trade pattern. Resistance near $4 could be the next breakout level to watch.
4. Quantum Corp. (NASDAQ: QMCO): The AI Cybersecurity Quantum Stock
Why It’s Hot: QMCO is innovating at the intersection of AI and cybersecurity, launching its DXi9000 to combat AI-powered cyber threats. The announcement sent the stock spiking 1,000%* in November, and its low float of just 4.6 million shares keeps it primed for more volatility.
What to Watch: Consolidation after November’s breakout means this stock is still in play. As cybersecurity becomes increasingly vital for AI-driven systems, QMCO’s quantum-enabled solutions could drive fresh momentum.
5. Rigetti Computing Inc. (NASDAQ: RGTI): The Institutional Confidence Play
Why It’s Hot: RGTI raised $100 million in a bullish stock offering, securing major institutional backing. The move sent the stock 90%* higher in a single session, breaking past multi-month resistance at $2.
What to Watch: With support now established at $2, RGTI’s latest move through $3 resistance could lay the groundwork for an even bigger breakout. The company’s improved financial metrics, including narrower losses, make it an interesting play in a hot sector.
*Past performance does not indicate future results
Why Quantum Computing Stocks Are Surging
AI has created massive demand for computing power, and quantum technology could be the solution. While most of the connection between quantum computing and AI is theoretical, that hasn’t stopped traders from speculating on its potential. Quantum hardware could eventually speed up AI model training, making this sector a key piece of AI’s future.
For now, quantum computing penny stocks are thriving on news, partnerships, and pure momentum. They’re not long-term investments—they’re short-term trading plays with big potential for sharp moves.
The Bottom Line
These quantum computing penny stocks are the newest opportunities for traders looking to ride the AI boom. Their volatility and speculative nature make them perfect for short-term trading, but they require discipline and preparation.
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If you’re trading these stocks, focus on setups, manage your risk, and don’t chase spikes. The AI-quantum connection is still developing, but for now, these stocks are delivering the price action we love.
What’s your trading plan for quantum computing stocks? Let me know in the comments!
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