Quantum computing stock price slips after 3rd double-digit pop in June
Quantum computing stock price slips after 3rd double-digit pop in June originally appeared on TheStreet.
Updated 3:01 pm EST to reflect stock price on June 17.
Thought crypto was wild? Quantum computing stocks keep turning heads with surging gains.
It's been a crazy few months for the quantum computing space, to say the least. Earlier this year, skeptics, including Mad Money's Jim Cramer, called out the 'gamification' of quantum stocks, brushing off the rallies as short-lived hype.
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Subsequently, we saw many pure-play names that 10x'd in late 2024 and early 2025, cooling off sharply.
Still, the bullishness around the industry held up well. In recent weeks, though, the sentiment has shifted sharply, with fresh interest from lawmakers and tech leaders.
Between Nvidia CEO Jensen Huang changing his tune on quantum and a flurry of legislative moves in Washington, the signs suggest that it's not just theory anymore.
Hence, the vibe's now mostly bullish, and the business specifics are starting to matter a lot more. Case in point? One eponymous quantum player quietly crushing it, without obsessing over qubits or cryogenics.
Quantum computing has been one of the hottest investing trends over the past year—and for good reason.In late 2019, Google's Sycamore processors stunned us all by achieving 'quantum supremacy,' solving a task in minutes that would have taken classical supercomputers millennia.
Then, it took things up a notch or two again late last year, showing its Willow chip with 105 qubits and below-threshold error correction. That chip nailed a Random Circuit Sampling task in under five minutes, a feat today's fastest supercomputers wouldn't crack in 10²⁵ years.
Since then, multiple pure-play businesses in the niche have sprung up, vying for a lucrative bellwether position. Companies like Rigetti have taken qubit counts (a core building block of quantum tech) into the hundreds. Similarly, firms like D-Wave have commercialized quantum annealing systems for optimization tasks, with their share prices going parabolic.
A big part of the sentiment shift is the much-hyped quantum-AI marriage. Earlier this month, we saw Nvidia CEO Jensen Huang hailing quantum computing as the next 'inflection point'. Also, he talked up the potential of quantum processors in AI workflows to speed up machine-learning training and complex simulations.
Unsurprisingly, the sector's expected to rake in serious moolah.
More On Quantum Computing:
Nvidia CEO sends blunt 7-word message on quantum computing
Surprising tech giant aims to lead quantum computing revolution
Veteran analyst who predicted quantum computing stocks rally unveils IonQ stock price target
According to Grand View Research, the global quantum computing space is set to grow from $1.42 billion in 2024 to $4.24 billion by 2030 (a 21.2% CAGR). Meanwhile, GlobeNewswire projects a steeper 31.6% CAGR, pushing the market from $1.79 billion in 2025 to over $7 billion by 2030.
Quantum Computing () stock price fell 7% on June 17 after notching a 27% gain on June 16, closing at $21.22.
The gain marked the stock's third double-digit jump and second 25%-plus surge since the start of June.Moreover, the company announced the shipment of its first commercial entangled-photon module to a leading Korean research institute. Unlike most of its peers, which are still pre-revenue, the announcement of its first order could be a sign of things to come.
To put things in perspective, Quantum Computing stock has been a big outperformer, clocking an eye-watering 3,152% gain last year, comfortably ahead of its peers.
In the past month alone, Quantum Computing stock surged 77%, once again outperforming the competition. Rigetti, D-Wave, and IonQ stocks were up 3.2%, 25%, and 12%, respectively, over the same period.
What gives Quantum Computing stock the edge?
For starters, its shipment to a Korean research institute shows that it's already building the backbone for quantum communication. Unlike its peers, which continue tinkering with cryogenics and error correction, it stands out with its photonics-based gear, which works at room temperature and integrates efficiently into existing fiber networks.
Also, its Arizona foundry is pumping out thin-film lithium niobate chips for everything from telecom to sensing, with repeat customer orders stacking up. Hence, its catalog leans practical, not theoretical, and while its peers move forward on proprietary qubit platforms, Quantum Computing is positioning itself as the go-to enabler in the space.Quantum computing stock price slips after 3rd double-digit pop in June first appeared on TheStreet on Jun 17, 2025
This story was originally reported by TheStreet on Jun 17, 2025, where it first appeared.
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So, given its market cap today of $3,508 billion, that represents a 2.85% yield: $100b/$3,508 = 0.0285 = 2.850% FCF yield So, using our NTM forecast of $112.5b, its market cap could rise to $3.75 trillion $112.5b / 0.0285 = $3,947 billion NTM mkt cap That represents an upside of 12.5% from today's market cap: $3,947b / $3,508b mkt cap today = 1.125 So, that makes its target price at least 12.5% more: $143.85 x 1.125 = $161.83 However, if Nvidia makes better than 50% FCF margins over the next year, its target price could be much higher. For example, even a 10% higher FCF margin leads to a 24% upside: 0.55 x $225b = $123.75b FCF $123.75b / 0.0285 FCF yield = $4,342 billion mkt cap; $4,342b / $3,508b = 1.2377 = +23.8% upside 1.1238 x $143.85 p/sh = $178 per share The bottom line is that Nvidia's strong FCF and FCF margins will lead to a significantly higher price, between $162 and $178 per share. This coincides with what other analysts are projecting. 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So, an investor has already made $3.61 (i.e., $4.00-$0.39), or a net 2.82% yield (i.e., $3.61/$128 = 0.028). It makes sense to roll this over and set a new one-month short-put play. That means buying back the short put at 39 cents and reinvesting at a slightly higher strike price one month out. For example, look at the July 25 expiration period (i.e., 34 DTE). It shows that the $137 strike price put options expiring July 25, i.e., 4.7% below Friday's price, have a $3.40 midpoint premium. That means a new short seller of these puts can make a 2.48% yield over the next month (i.e., $3.40/$137.00 = 0.0248). For less risk-averse investors, a 2.70% yield is possible at the $138 strike price(i.e., $3.72/$138.00 = 0.02696). This strike price is just 4% below Friday's close. Moreover, even after rolling the prior trade over, the net yield with the $137 strike put play is still 2.20% (i.e., $3.40-0.39 = $3.01/$137.00 = 0.02197). So, that means over two months, a short seller of these OTM puts will have made 2.82% plus 2.20%, or 5.02% total (2.51% on average for both months). In addition, an investor's breakeven point, even if NVDA falls to $137.00 over the next month, is lower: $137 - $3.40 = $133.60 p/ sh That is -7.125% below Friday's closing price. In other words, this is a good way to set a lower buy-in point for new investors in NVDA stock. For existing investors, it is a way to potentially lower their average cost, as well as produce extra income on their holdings. And don't forget, given the target price of $172.60, the breakeven point presents a potential upside of over 29%: $172.60/$133.60-1 = 1.292 -1 = +29.2% upside The bottom line is that investors can potentially make over a 2% yield over the next month shorting these out-of-the-money (OTM) puts. On the date of publication, Mark R. Hake, CFA did not have (either directly or indirectly) positions in any of the securities mentioned in this article. 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