Quantum computing stocks climb after Microsoft says time to be 'quantum-ready' in 2025

Quantum

15/01/2025 14:52

(Updates)
    ** Shares of quantum computing stocks surge after Microsoft
says 2025 is the year to become "quantum-ready" in a blog post
    ** Rigetti Computing  RGTI.O  up 20%, D-Wave Quantum
 QBTS.N  gains 23%, Quantum Corp  QMCO.O  up 40%, Quantum
Computing  QUBT.O  climbs 25% and IonQ  IONQ.N  rises 17%
    ** "We are right on the cusp of seeing quantum computers
solve meaningful problems and capture new business value. As we
look toward the next 12 months, the pace of quantum research and
development is only going to accelerate, making this a critical
and catalyzing time for business leaders to act" - MSFT says
    ** The year-long rally in quantum computing stocks paused
last week after Nvidia  NVDA.O  CEO Jensen Huang said the
technology's practical use was likely two decades away
    ** Citi analysts say "while there is a wide-ranging debate
over the time to commercial application for quantum computing,
experts emphasize the mounting evidence that the technology is
developing at a faster and more nonlinear pace than expected"
    ** U.S. stocks extend gains after a softer inflation report
raised hopes of second interest rate cut this year  .N 
    ** Up to last close, IONQ has more than doubled in value in
the past 12 months, while QMCO shares up ~300%, QUBT 800% and
RGTI over 700%
    ** Defiance Quantum ETF  QTUM.O  up 2.5% in the day, after
gaining 47% in the past year

 (Reporting by Medha Singh and Purvi Agarwal)
 ((medha.singh@thomsonreuters.com))