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Quantum computing stocks like Rigetti Computing (RGTI) and IonQ (IONQ) have been on a tear in recent months, as investors continue to bet that this futuristic technology will soon redefine Wall Street and the world as we know it.
Largely inspired by the release of Google’s (GOOGL) Willow chip, quantum computing stocks took off at the end of 2024. Willow was able to solve complex mathematical problems in mere minutes, while traditional supercomputers would have needed 10 septillion years. This accomplishment suggested that real-world applications for quantum computing could be available in the short term. Pure-play startups like Rigetti and IonQ have ridden this wave of enthusiasm higher, with RGTI stock up nearly 1,300% in the past three months and IONQ stock up 250% in the same time frame.