Overview
- Yahoo Finance reports that institutional investors and hedge funds sent a decisively sour message to shareholders of IonQ, Rigetti, and D-Wave.
- Rigetti’s trailing 12-month gain exceeded 6,200% as of mid-October, eclipsing many fast-rising AI names.
- Investor enthusiasm has been fueled by long-run potential, with Boston Consulting Group estimating $450 billion to $850 billion in economic value by 2040.
- The Quantum Insider projects up to $1 trillion in potential valuation creation by 2035, underscoring wide variability in forecasts.
- Frequently cited applications include faster AI training, stronger cybersecurity, and molecular simulations to aid drug development.