For example, investors may have completely overlooked that e-commerce juggernaut Amazon (NASDAQ: AMZN) sold its entire stake in Wall Street's quantum computing darling IonQ (NYSE: IONQ) and artificial intelligence (AI) giant Advanced Micro Devices (NASDAQ: AMD), which is also known as "AMD," during the September-ended quarter.

IonQ stock surges 600% as quantum computing revenue grows 222% to $40M. Learn about IonQ, Rigetti, and D-Wave's performance in the growing quantum sector.

It's essential to acknowledge that while shares of Quantum Computing are surging today, not everyone is optimistic about the stock's prospects. This morning, for example, Lake Street slashed its price target on Quantum Computing stock to $16 from $24 following the company's report of its financial results.

Rigetti stock costs $25 today, but could be worth $51 a year from now. If it keeps doubling at that rate, $2,500 invested in Rigetti today could become $10,000 in two years. Rigetti stock is already very expensive today, however, and entirely unprofitable.

The report has the quantum computing sector buzzing, with IonQ (IONQ) and Rigetti Computing (RGTI) 2.9% and 0.5% higher, respectively, this morning. QUBT is still down 30% in 2025, but the drawdown found support at the stock's 320-day moving average. Year over-year, the shares are up 282%.

IBM shares were up 0.5% recently, after rising nearly 4% this morning to an all-time high of $324.90. The stock has gained 44% since the start of the year, making it the third-biggest gainer in the blue-chip Dow Jones Industrial Average so far in 2025.

The parabolic ascent of quantum computing pure-play stocks has come to an abrupt halt -- and with good reason.

Quantum Computing Inc shares are rising on Monday after the company announced better-than-expected financial results for the third quarter.

Shares in the so-called Quantum Four publicly traded companies are seeing a boost on rumors that the Commerce Department is seeking equity stakes.

Quantum computing stocks are stacking cash in 2025, with industry exchange-traded fund Defiance Quantum ETF (ticker: QTUM) up 36.2% year to date as of Nov. 4 and outperformers like Rigetti

Amazon can use some of that money to fund its data center build-out plans, allowing it to capture a larger footprint in the AI realm. Quantum computing will eventually affect this industry, but that may still be years from now. Amazon knows this, and it's likely shifting its investments from quantum computing to AI.

Quantum computing stocks have been a hot play on frontier technology in 2025, but short seller Andrew Left is bearish on two popular names.