2 Top Stocks in Quantum Computing and Robotics That Could Soar in 2026

D-Wave Quantum and Rigetti Computing are highlighted as leading, albeit highly speculative, early movers in the nascent quantum computing sector, attracting significant investor interest with massive stock gains (3,700% and 5,700% respectively in 12 months). D-Wave reported Q2 revenue of $3.1 million from quantum annealing devices already in commercial use, while Rigetti, aiming to be a hardware provider, secured $5.7 million in purchase orders despite Q2 revenue of $1.8 million. Both companies, however, face substantial challenges, including significant Q2 operating losses ($26.5 million for D-Wave, $19.9 million for Rigetti), low sales, and extreme valuations, underscoring the long-term, uncertain path to profitability and broad commercial viability for the nascent quantum industry.

Analysis

The quantum computing sector is attracting significant investor interest, with D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) shares surging 3,700% and 5,700% respectively over 12 months. This reflects optimism for a long-term technological opportunity, though the industry remains highly speculative with commercial viability years away.

D-Wave Quantum reported Q2 revenue of $3.1 million, up 42% year-over-year, driven by early commercial applications of its quantum annealing devices. However, a substantial Q2 operating loss of $26.5 million and a P/S multiple of 336 indicate a distant path to profitability and extreme overvaluation.

Rigetti Computing, pursuing a "picks-and-shovels" hardware strategy, saw Q2 revenue decline 42% to $1.8 million, despite securing $5.7 million in future purchase orders. Rigetti also posted a significant Q2 operating loss of $19.9 million.

Both firms face extreme fundamental challenges, including low sales, high operating losses, and significant cash burn, contributing to their highly speculative nature and negative per-ticker sentiment. Investors should recognize the extreme volatility and overvaluation inherent in these high-risk, long-term plays.

Key Decisions for Investors

• Investors should approach D-Wave Quantum and Rigetti Computing with extreme caution, recognizing their highly speculative nature, significant operating losses, and current overvaluation.
• Consider waiting for a substantial pullback in share prices before initiating any long-term positions, given the extreme P/S multiples and cash burn.
• Any investment in these quantum computing stocks should constitute only a small, diversified portion of a broader portfolio, acknowledging the high volatility and uncertain timeline for commercial viability.