I Got Rich Off NVIDIA. This Is Even Bigger.
Summary
Alex, a former MIT researcher, posits that quantum computing is transitioning from experimental science to a commercial market. He highlights that industry leaders like Nvidia have pivoted to integrate quantum processors into their existing data center infrastructure, signaling the start of a hybrid computing era. Alex notes that recent milestones, including chip interconnects and cloud availability on AWS, prove the technology is ready for scaling. He projects the global quantum market could reach $40 billion by 2035, growing at a rate comparable to the AI sector.
Alex analyzes three primary companies representing different technological approaches:
Mentioned Stocks
Reasoning: Alex considers IonQ the clear leader in the space and the closest thing to the 'Nvidia of quantum.' He cites their 428% year-over-year revenue growth, a $370 million backlog, and their recent breakthrough in linking two quantum chips using a photonic interconnect as key reasons for his bullish stance.
Reasoning: Alex highlights Rigetti as the best play for those who believe in Nvidia's hybrid computing future, as Rigetti is already integrated with Nvidia's NVQ link and CUDA-Q. Despite low current revenue, he values their 7.5-year cash runway and availability on AWS.
Reasoning: Alex likes D-Wave because it is the only company with paying commercial customers today and offers exposure to two different quantum architectures (annealing and gate-based). He also points to their 9-year cash runway and significant recent booking growth.