Quantum computing stocks climbed Thursday with IonQ and D-Wave Quantum the biggest gainers. With Thursday's advance, IonQ turned positive in 2025.
Meanwhile, quantum computing stocks have been volatile in 2025 amid controversy involving Nvidia over how soon commercially viable quantum technology will become available.
Also, the industry has been waiting to see if Congress passes the National Quantum Initiative Reauthorization Act, which would provide a funding boost for quantum computing companies as well as potential customers. The original National Quantum Initiative Act, passed in 2018 during President Donald Trump's first administration, lapsed in September 2023.
On the stock market today, IonQ stock rose more than 35% to 45.60. With the advance, IonQ stock was up 3% in 2025 as of midday trading.
D-Wave stock rose more than 23% to 19. D-Wave stock has surged 120% this year. D-Wave stock rallied on first quarter earnings report and the availability of its newest quantum machine.
Quantum Computing Stocks: JPMorgan Report
Rigetti Computing climbed 19% to 10.17 on Thursday. Shares are still down over 15% in 2025. Quantum Computing climbed 13% to near 12.
Quantum computing works on a subatomic level and uses exotic technologies, like supercold superconductor chips. Further, quantum computing aims to solve problems too complex for today's classical computers, such as simulating chemical reactions.
Further, JPMorgan analyst Samik Chatterjee on Tuesday published an in-depth report on quantum computing.
"We expect the quantum computing opportunity, even though long-dated, to benefit from significant investments, with global public investments alone expected to be $45 billion in 2025 and increasing," he wrote. "Investments in quantum are taking a range
of technology approaches, with some focusing on addressing specific use cases even at the same time that a wider group remains focused on following a classical quantum path to develop solutions that will have broader adoption and potentially better suited to displace classical compute in the future."
As of Thursday, Chatterjee had not initiated coverage of specific cloud computing stocks.
"Governments worldwide are not only recognizing quantum technology as a critical area of innovation but are also committing
significant resources to accelerate its development," he added. "This governmental commitment serves as a powerful indicator for enterprises and investors, suggesting that quantum technology is poised to become a cornerstone of future technological advancements and
economic growth."
Quantum Computing Stocks: Key Technical Rating
Meanwhile, investors should keep in mind the volatility of quantum computing stocks.
The average true range is a metric available on IBD's MarketSurge that gauges the characteristic breadth of a stock's behavior. Stocks that tend to make large jumps or dives in daily action, the kind that can trigger sell rules and shake investors out of a stock, have a high ATR. Stocks that tend to make more incremental moves have lower ATRs.
With the S&P 500 and Nasdaq now in a power trend, investors can buy stocks with ATRs up to 8%, though they should be wary of being too concentrated in high-octane names.
D-Wave stock holds an ATR of 14.28%, while IonQ's is 8.16%. Rigetti's ATR is10.17% and Quantum Computing comes in at 11.66%.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
