Quantum computing stocks joined Friday’s broad rally after the Federal Reserve wrapped up its annual Jackson Hole meeting. IonQ (IONQ), Quantum Computing Inc. (QUBT), D-Wave Quantum (QBTS), and Rigetti Computing (RGTI) all posted solid gains by the close.
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Fed Chair Jerome Powell struck a softer tone on policy, noting that the economic path may allow for a rate cut as soon as September. That view lifted growth and technology names across the board. Lower rates often make it easier for companies to fund operations, which matters for emerging players with higher costs like those in the quantum space. This backdrop gave the group a clear tailwind heading into the weekend.
Fed Optimism Lifts Quantum Stocks
While each of these companies has had its share of recent updates tied to contracts, partnerships, and earnings, Friday’s jump was not sparked by fresh headlines. Instead, it reflected broader optimism after Powell’s remarks. Traders appeared to rotate into high-growth themes as part of a larger bet on easier financial conditions ahead.
To put it in perspective, IonQ finished the day up over 7% at $39.78, while Quantum Computing Inc. (QCI) added nearly 8% to $15.83. Rigetti rose close to 4%, and D-Wave gained just under 5%. After-hours trading held steady, suggesting the move was driven by sentiment rather than sudden news.
In short, the surge in quantum computing stocks was tied mainly to the Fed’s message rather than any company-specific catalyst. Investors will likely watch for signs that policymakers follow through on rate cuts, as easier credit could keep momentum alive in this high-growth sector.
Using TipRanks’ Comparison Tool, we placed the four quantum stocks side by side to give investors a clearer view of their performance and the overall quantum industry landscape.
