Jefferies and Wedbush started coverage on the quantum computing sector today. Jefferies has Buy ratings on D-Wave and IonQ, with a Hold on Rigetti. Wedbush is more optimistic, rating all three as Outperform, plus a Neutral on Quantum Computing Inc. The total market is projected to reach nearly $200 billion by 2040, but the current financials are rough. D-Wave revenue doubled to $3.7 million but they lost $140 million. IonQ brought in $39.9 million with a $1.1 billion net loss. Rigetti revenue fell 18% to $1.9 million. Analysts compare the current state to reading every book in a library at once versus one by one, but admit the tech is just moving out of the lab. Commercial application is still a ways off.