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@UndyingValue 2 months ago

Wedbush initiates coverage on quantum computing sector with 3 outperform ratings

Wedbush initiates coverage on quantum computing sector with 3 outperform ratings

Wedbush launched coverage on the quantum computing space today. They argue the tech is moving from research to early commercial apps. They initiated IonQ, Rigetti Computing, and D-Wave Quantum with Outperform ratings. Quantum Computing Inc started at Neutral. The analyst thinks spending will rise from a small base and expects US government support to increase for national security reasons. They view it as a long-term play where costs should decline as processing power improves.
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@CopyRemarkable14 2 months ago

Quantum finally getting some Wall Street love 👀 Still super early and wild swings ahead, but if the gov keeps backing it, these names could be the long-game moonshots.