In 2025, the quantum computing house basically broke out of obscurity, with AI’s unrelenting demand spilling into just about each compute bottleneck.
For perspective, the “quantum cohort,” as I wish to name it, comprised of IonQ (IONQ), Rigetti, D-Wave, and Quantum Computing Inc., at the moment instructions a mixed market cap exceeding $50 billion.
The inventory returns over the previous 12 months in these quantum bellwethers have been staggering. IonQ has surged over 92%, whereas Rigetti and D-Wave have soared 274% and 400%, respectively.
An enormous a part of the investor enthusiasm surrounding the inventory is the deep hyperlink between AI and quantum. Hyperscaler AI capex stays huge, persevering with to drive demand for specialised accelerators.
Additionally, consulting baselines counsel that AI and computing spending will stay elevated by means of 2026, with quantum revenues probably transitioning to precise bookings. For context, McKinsey estimates the 2025 quantum trade gross sales to be round $1 billion, and the long-term whole addressable market might attain an eye-popping $198 billion by 2040.
Amid the frenzy, IonQ’s CEO is making waves with a press release that successfully challenges Nvidia’s AI dominance. His daring comment reframes the dialog about what powers the subsequent computing revolution.
IonQ CEO Niccolò De Masi believes quantum computing might sometime change right now’s AI engines.
Picture supply: Sven Hoppe/image alliance through Getty Photographs
Quantum upstart IonQ’s CEO fires a warning shot at Nvidia’s AI dominance
IonQ CEO Niccolò De Masi stated that quantum computing isn’t simply the subsequent large leap; it’s the subsequent alternative cycle.
In an interview from the New York Inventory Change, De Masi talked up the immense potential of quantum processors, or QPUs, which might probably take the place of the GPUs at the moment powering right now’s AI growth.
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“Quantum computing is the next leg of the computing revolution,” he stated. “Just as GPUs overtook CPUs, QPUs will ultimately start to replace GPUs.”
That looks like a radical notion in a market that’s constructed round Nvidia’s $4 trillion GPU empire. Nonetheless, De Masi views it as extra of a pure evolution, with strong GPUs and QPUs working in tandem, however with quantum techniques prone to take the lead sooner or later as they change into extra highly effective, compact, and energy-efficient.
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IonQ’s newest {hardware}, Tempo, would possibly again up the ambition.
De Masi claims it delivers a 36-quadrillion-times bigger compute house than IBM’s comparable machine, blowing previous the facility of almost a billion GPUs. Moreover, in a selected benchmark involving AstraZeneca, AWS, and Nvidia, IonQ’s system was capable of compress a month’s value of classical computing right into a single day.
“We’re just getting started,” he stated. “Each generation will move millions of times, then billions, trillions, quadrillions more powerful.”
Therefore, if QPUs may even partially stay as much as that spectacular trajectory, Nvidia’s dominance in AI {hardware} might sometime face its first actual quantum check.
JPMorgan simply gave quantum its largest Wall Avenue endorsement but
JPMorgan simply gave quantum computing a head-turning $10 billion increase with a decade-long push into AI, cybersecurity, and frontier tech.
The sweeping Safety & Resiliency Initiative sparked a large sector-wide rally on Oct. 13, 2025, with IonQ leaping roughly 19%, Rigetti up 25%, and D-Wave and Quantum Computing Inc. shares surging 23% and 11%, respectively.
The financial institution describes the plan as one which successfully aligns personal capital with U.S. national-security and innovation targets, with its tentacles unfold throughout 27 subsectors. For that cause, JPMorgan would not decide right now’s winners, however moderately develops a framework for deal movement, protection, and partnerships throughout rising tech.
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The event is a large plus for small-cap quantum names.
JPMorgan’s model successfully lowers the perceived funding danger, giving room for brand new institutional consideration, whereas setting the stage for growth-stage capital, joint ventures, and bank-led financings.
The near-term influence is clearly a halo impact, which ought to pull in patrons. Over the long run, fundamentals nonetheless rule with contracts, benchmark wins, and proof that quantum {hardware} can successfully flip promise into earnings.
Fast takeaways:
- JPMorgan is committing $10 billion to frontier know-how, naming AI, cybersecurity, and quantum computing as its prime priorities.
- Quantum shares surge, with IonQ, Rigetti, and D-Wave leaping into double digits on the information.
- Huge-bank backing lowers funding danger, whereas drawing institutional eyes to small-cap quantum computing performs.
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