Quantum Computing Stocks Like Rigetti Computing Are Soaring And This ETF Lets Investors Participate In The Boom Story

Quantum computing stocks surge to record highs in 2024, fueled by Google’s recent Willow chip announcement. Here’s an exchange-traded fund that offers investors exposure to this burgeoning sector.

What Happened: Defiance Quantum ETF (NASDAQ:QTUM) is an ETF that tracks the BlueStar Quantum Computing and Machine Learning Index, which helps investors capture the growth potential of the quantum computing sector.

The ETF has gained 16.41% over the last month, 29.03% over the last six months and 54.88% in 2024, as per Benzinga Pro.

Defiance Quantum ETF In 2024

The ETF invests in over 70 global stocks across the value chain, including hardware, software, and application-focused companies. Its top holdings include Rigetti with a weightage of 3.79% and D-wave with a 3.27% weight, followed by IONQ, Alchip Technologies, and Teradyne.

Top 10 Holdings Of Defiance Quantum ETF

Name	ETF Weight	Shares Held
Rigetti Computing	3.79%	1,571,360
D-wave Quantum	3.27%	2,814,719
IONQ	2.02%	388,758
Alchip Technologies	1.58%	139,102
Teradyne	1.47%	96,480
Tower Semiconductor	1.47%	236,327
Global Unichip Corp	1.45%	306,991
Palantir Technologies	1.45%	159,931
Taiwan Semiconductor Manufacturing	1.45%	59,591

Quantum computing stocks like Quantum Computing Inc (NASDAQ:QUBT), Rigetti Computing Inc (NASDAQ:RGTI), D-Wave Quantum Inc (NYSE:QBTS), and IONQ Inc (NYSE:IONQ) have scaled fresh highs in 2024, especially after Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google launched Willow on Dec. 9, 2024.

Quantum Computing Stocks In 2024

See Also: SoFi Tech Downgraded Over Valuation Concerns: Stock Priced Three Times Its Peers

Why It Matters: Quantum computers, leveraging qubits, offer the potential to revolutionize computing by exponentially accelerating complex calculations.

Google’s recent Willow chip, showcasing advancements in quantum memory, achieved a benchmark computation in minutes that would take a supercomputer 10 septillion years. Despite this progress, high error rates remain a significant hurdle, hindering widespread commercial adoption and creating uncertainty around the timeline for practical applications.

According to Jon Najarian, the co-founder of Market Rebellion, Rigetti is a standout in the quantum computing space.

Was on @FoxBusiness to discuss Rigetti $RGTI With options extending to May 2025, it's a standout in the quantum computing space. Despite past surges, expect pullbacks but the future looks bright for #quantumcomputing. $QUBT $QBTS Google's Willow chip and #JPMorgan's… pic.twitter.com/5HTAhAKf1d

— Jon Najarian (@jonnajarian) December 31, 2024

The Kobeissi Letter, in an X post, also highlighted that “Call options trading value on quantum computing stocks is now 2,500% above average.”

Are quantum computing stocks the next big thing?

Call options trading value on quantum computing stocks is now 2,500% ABOVE average.

Call options volume in $IONQ, $RGTI, $QBTS, and $QUBT relative to their average volume has risen 10 TIMES in just 1 month.

To put this into… pic.twitter.com/THqQWfuGQc

— The Kobeissi Letter (@KobeissiLetter) December 24, 2024

Based on an X post from Dec. 11, Citron Research said, "Buying $RGTI based on Google’s quantum success is as misguided as believing every TikTok guitarist is the next Taylor Swift," said Citron Research.

What Are Other Analysts Saying: According to the analysts tracked by Benzinga, most of these quantum computing companies face a potential downside in the future, with the exception of IBM.

Stocks	Last Three PT's Average	Up/Downside Potential
Rigetti Computing	$6.17	-69.20%
Quantum Computing	$8.63	-52.95%
D-Wave Quantum	$8.00	-17.27%
IONQ	$39.00	-9.68%
IBM	$226.67	3.69%

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