Don't just focus on AI! NVIDIA is making a bold move: Quantum Computing's dark horse QBTS has surged by 165% this year. Who will lead the next wave of breakthroughs?

Recently, among quantum computing concept stocks—$IonQ Inc (IONQ.US)$ 、 $D-Wave Quantum (QBTS.US)$is quietly reaching a new high, among whichIonQ Inc has risen nearly 60% year-to-date, while QBTS has surged more than 165%.

This Monday"Trump's 'Tech Delegation' to the UK Revealed! Led by AI Godfather Jensen Huang and Altman, These Three Major Sectors May Be on the Verge of a Breakthrough"It has been previously reported that this week's visit by President Trump to the United Kingdom will focus on cutting-edge fields such as artificial intelligence and quantum computing.

Specifically,IonQ also recently announced the successful completion of its acquisition of the UK quantum computing company Oxford Ionics.This transaction accelerates IonQ's technology roadmap for developing more powerful, high-fidelity quantum computers.and support the company's expansion into the UK, Europe, Asia, and other global markets.

In addition,IonQ has also signed a Memorandum of Understanding with the U.S. Department of Energy to advance the research, development, and deployment of quantum technologies for space applications.This agreement will support the U.S. Department of Energy's increasingly ambitious "Space Quantum Program" and clearly defines IonQ's role in demonstrating "ground–orbit–ground" quantum communication capabilities.

At this point, many investors may still have questions about the future vision and current deployment of quantum computing—specifically, which companies are worth watching? The following section will provide an in-depth analysis.

Which quantum computing companies are listed on the U.S. stock market?

Previously“Google’s Willow Quantum Chip Makes a Major Debut! Which U.S. Stocks Are Likely to Soar as a Result?”、“Quantum Computing Sees Another Breakthrough! NVIDIA’s First ‘Quantum Day’ Is Coming Next Week—Could Related Concept Stocks Usher in a New Round of Gains?”Several articles have suggested that with increased investment from tech giants such as Google and IBM, commercial applications of quantum computing may soon experience a full-scale boom.

Specifically, this includes:

– Representative of superconducting quantum technology: $Alphabet-C (GOOG.US)$ ， $Rigetti Computing (RGTI.US)$ ， $IBM Corp (IBM.US)$ ；

– Quantum annealing technology is represented by: $D-Wave Quantum (QBTS.US)$ ；

– Representative of photonic quantum technology: $Quantum Computing (QUBT.US)$

– Representative of ion-trap technology: $Honeywell (HON.US)$ ， $IonQ Inc (IONQ.US)$ ；

– Data Storage and Management Solutions:$Quantum (QMCO.US)$ ；

– Quantum Security and Cryptography: $SEALSQ Corp (LAES.US)$ ， $Arqit Quantum (ARQQ.US)$ ；

– Quantum chips and solutions: $Intel (INTC.US)$ 、 $MicroCloud Hologram (HOLO.US)$ 。

As for the quantum computing industry chain, Morgan Stanley is bullish on the following companies:

Specifically, U.S. stock companies include:

Core Players in Quantum Computing $Rigetti Computing (RGTI.US)$ 、 $D-Wave Quantum (QBTS.US)$ 、 $IonQ Inc (IONQ.US)$ 、 $Quantum Computing (QUBT.US)$

Large technology companies related to quantum computing$Microsoft (MSFT.US)$ 、 $Alphabet-C (GOOG.US)$ 、 $Amazon (AMZN.US)$ 、 $IBM Corp (IBM.US)$ 、 $Intel (INTC.US)$ 、 $Honeywell (HON.US)$ ；

Quantum Components and Software Company$NVIDIA (NVDA.US)$ 、 $Dell Technologies (DELL.US)$ 、 $SkyWater Technology (SKYT.US)$ 、 $Veeco Instruments (VECO.US)$ 、 $Coherent (COHR.US)$ 、 $FormFactor (FORM.US)$ ；

Quantum sensing/networking/cryptography:$HP Inc (HPQ.US)$ 、 $Arqit Quantum (ARQQ.US)$ 。

NVIDIA Bets Big! Morgan Stanley: AI + Quantum Will Disrupt the World by 2030

Morgan Stanley notes that in 2024, the industry's valuation stood at just US$500 million. However, according to forecasts from third-party firms and industry participants, the market is expected to grow to a total size of US$1 billion–US$2 billion by 2030, and further expand to US$15 billion–US$30 billion between 2030 and 2040.

Stages of quantum computing development: 2024 marks the first stage (noisy intermediate-scale quantum computing, NISQ); 2029 will usher in the second stage (fault-tolerant quantum computing, FTQC).By 2040, we are expected to enter the third stage: large-scale, general-purpose quantum computing.

Source: Morgan Stanley

The report particularly emphasizesThe powerful synergistic relationship between quantum computing and artificial intelligence should be viewed as "collaboration" rather than "competition."Quantum chips are designed as highly efficient "quantum accelerators" that can work in tandem with existing AI systems, unlocking entirely new capabilities and amplifying the potential of artificial intelligence to levels beyond the reach of classical computing.

Source: Morgan Stanley

In addition,The report also reviews several key players in the industry and their collaboration trends, collectively painting a diverse and dynamic competitive landscape.

For example,$IBM Corp (IBM.US)$As a pioneer in the field of quantum computing, we continuously advance the research and development of practical quantum computers and actively foster a global quantum ecosystem.

$IonQ Inc (IONQ.US)$As a publicly listed company specializing in ion-trap technology, it is accelerating the commercialization of its quantum hardware solutions.

Leader in High-Performance Computing and AI Chips$NVIDIA (NVDA.US)$, leveraging its powerful GPU platform and software tools, it is deeply engaged in the development and simulation of quantum algorithms, providing critical computational support to the industry;

And by$Honeywell (HON.US)$Quantinuum, formed through the merger of Quantum Solutions and Cambridge Quantum Computing, is committed to integrating hardware and software capabilities to accelerate the commercialization of quantum technologies.

Source: Morgan Stanley

In addition, it is worth noting that,In the face of the technological landscape of quantum computing, NVIDIA has recently made successive investments in three well-known quantum computing startups: Quantinuum, QuEra, and PsiQuantum.It covers the three major cutting-edge technological approaches—ion traps, neutral atoms, and photonic quantum systems—leading the market to view this as a strategically significant, deep-level positioning.

Behind the investment boom lies the increasingly clear prospect of commercializing quantum technology. According to Peter Shadbolt, Chief Scientific Officer at PsiQuantum, quantum computers of sufficient scale will be able to solve 'problems of commercial value that no one else on Earth can solve without a quantum machine.'

However, investors need to be mindful of the risks: although quantum technology holds tremendous potential to transform the future, Morgan Stanley has explicitly pointed out that the field still faces a host of significant challenges that must be overcome before its full value can be realized.

First,Quantum computing is currently still in the advanced research and development phase and has not yet achieved widespread commercial application or economic benefits.

Secondly,The inherent limitations of the hardware itself constitute the core bottleneck for development.

Furthermore,Quantum machine learning algorithms are still in their infancy, and how to effectively leverage the advantages of quantum computing to tackle a wide range of AI tasks remains an area that requires further exploration.

Finally,Morgan Stanley also pointed out that the quantum computing field currently lacks unified and well-defined performance evaluation standards.

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