Diversify into These 3 Quantum Stocks If You Own IonQ

Investors who have already put their eggs in IonQ's basket may want to consider diversifying into other quantum stocks, according to some analysts. As the quantum computing industry gains momentum, these companies could be poised for significant growth.

Rigetti Computing is one such company that has received a boost from government funding and partnerships with major tech players like Amazon and Microsoft. The U.S. government has invested $100 million in Rigetti through the CHIPS Act, giving it an equity stake in the company. Although the company reported a loss of $28.1 million in Q2, it is building a vital customer pipeline that could produce sizable growth once commercialization becomes widespread.

Another company to watch is Infleqtion, which has received $20 million from NASA for its quantum gravity mission and has a long-term partnership with Nvidia to integrate quantum into AI data centers. Its neutral atom technology is seen as scalable and potentially superior to other approaches. D-Wave Quantum is also on the rise, with a 1,120% year-over-year increase in first-half bookings and $35.5 million in its pipeline.