Quantum computing stocks surged this week, driven by recent major partnerships and a growing shift from speculative hype to tangible commercial prospects.
The sector’s momentum was fueled by announcements from market leaders like IBM, AMD, and Rigetti Computing, signalling that quantum technology is entering a new phase of growth and institutional adoption.
With notable analyst upgrades and increased funding, investors are increasingly confident that quantum computing is poised for more than just experimental breakthroughs.
Tech giants drive quantum computing industry momentum
The driving force behind the recent surge in quantum stocks is a wave of strategic alliances between well-established technology firms and specialised quantum players.
The headline partnership between International Business Machines (IBM) and semiconductor powerhouse Advanced Micro Devices (AMD) exemplifies this trend.
IBM and AMD have announced plans to co-develop hybrid supercomputing architectures that integrate AMD processors—CPUs, GPUs, and FPGAs—with IBM’s quantum systems, aiming to create new quantum-classical workflows tailored for commercial applications.
This collaboration highlights the growing institutional confidence in quantum hardware and software becoming commercially viable in the near-to-medium term.
AMD’s stock jumped nearly 3% after the announcement, reflecting investor enthusiasm for the company’s expanded role in the quantum ecosystem.
IBM’s CEO Arvind Krishna emphasised the transformative nature of quantum computing, stating it will “simulate the natural world and represent information in an entirely new way.” The partnership is expected to accelerate progress towards fault-tolerant quantum computing by the end of the decade.
Behind the joint announcement, other tech giants are reinforcing their presence in quantum computing.
Microsoft continues to expand its ‘Quantum Safe’ initiative focused on cybersecurity applications, while NVIDIA has launched a Quantum-AI research center aimed at exploring the intersection of quantum computing and artificial intelligence.
Quantum computing stocks rally on positive analyst sentiment
Market sentiment around quantum computing companies has notably improved, reflecting the industry’s advancement from pure experimental technology demonstrations toward commercially meaningful products and services.
Prominent stock commentators, including CNBC’s Jim Cramer, have revised their outlooks on companies like Rigetti Computing, recently describing the stock’s upside potential more positively than before.
Rigetti itself has become a major focus this week after announcing a collaboration with Montana State University to open a new Quantum Core Research and Education Center equipped with a 9-qubit Rigetti Novera quantum processing unit.
The announcement pushed Rigetti shares up nearly 9% intraday, marking one of the largest gains among public quantum companies.
Other quantum-related stocks such as IonQ, D-Wave Quantum, and Quantum Computing Inc. also posted gains ranging from 3% to 4%, continuing a trend of steady share price appreciation.
Significantly, D-Wave’s stock has surged over 210% in the past six months, underscoring growing investor appetite for companies with commercial quantum hardware offerings.
Funding dynamics and commercial order growth highlight sector maturity
Investment data underscore an evolution in quantum funding patterns.
According to market reports, investment in quantum technology during the first five months of 2025 has already reached 70% of all funding in 2024, despite fewer deals overall. This indicates a shift toward larger, more strategic investments in companies with promising roadmaps.
Commercial purchase orders for quantum computers totalled $854 million in 2024, a 70% increase from the prior year.
This underscores increasing market demand for quantum systems that can solve real-world problems, extending beyond early-stage research labs. However, analysts caution that while progress is significant, many quantum firms are still pre-revenue or rely on limited commercial deployments, making valuations speculative.
The shift in focus from distant future potential to nearer-term commercialisation represents a critical phase for the quantum industry.
As quantum computing players expand partnerships with established tech giants and deliver incremental milestones, the market is responding with rising valuations and heightened investor interest.
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