If You Missed Palantir or Nvidia. This is Even Bigger.

Felix & Friends (Goat Academy)•May 5, 2026

Summary

Felix presents a comprehensive thesis on quantum computing, viewing it as a geopolitical and technological necessity akin to a "nuclear bomb" for national security. He highlights that governments worldwide have committed over $65 billion to the technology, with the U.S. and France leading significant R&D efforts. Felix notes that the market is projected to grow at a 30% CAGR, potentially reaching $850 million by 2040. He emphasizes that the technology has moved past the "science experiment" phase, with real-world applications in cybersecurity, logistics, and military infrastructure.

The core of Felix's argument is that while many quantum stocks saw 1,000% gains followed by severe crashes, the underlying story is just beginning. He identifies a pattern in innovation where initial hype leads to a bubble and crash, followed by a much higher, sustained climb. He stresses the importance of having an exit strategy to lock in gains and avoid the psychological pain of holding through 70% corrections.

**IonQ (IONQ):** Felix identifies IonQ as the revenue leader in the sector, noting it was the first pure-play quantum company to cross $100 million in annual revenue. He highlights their $3.3 billion cash war chest and the strategic acquisition of SkyWater, which allows them to manufacture chips for the U.S. military. Despite a high valuation of 60x forward price-to-sales, Felix sees them as a dominant execution machine.

**D-Wave (QBTS):** Felix highlights D-Wave's unique approach using "quantum annealing," a technology that is currently functional for optimization problems in logistics and supply chains. He points out their impressive software-like margins and a growing list of 135 commercial customers like LG and Sharp. Felix views the company as a high-risk but high-reward play with an important investor day coming in June 2026.

**Rigetti Computing (RGTI):** Felix describes Rigetti as a technology-first story with the highest risk-reward potential among the three. He emphasizes their industry-leading chip accuracy (99.9% gate fidelity) and their in-house fabrication facility, which provides a competitive edge in speed and iteration. Felix suggests that while the stock is currently finding footing around $14, a more risk-averse entry point would be above $20 or $27 to confirm a trend reversal.

Mentioned Stocks

IONQ

Sentiment: BUYAction: RECOMMENDED

Reasoning: Felix is bullish on IonQ because it is a revenue leader with over $100M in sales and 400% growth. He highlights their massive $3.3B cash reserve and the acquisition of SkyWater, which grants them the ability to produce chips for the U.S. military (DMEA category 1). He views them as an integrated quantum leader similar to the Tesla model.

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RGTI

Sentiment: BUYAction: RECOMMENDED

Reasoning: Felix views Rigetti as the highest risk-reward opportunity. He praises their 99.9% gate fidelity and in-house fabrication, which allows for faster innovation. He also highlights their partnerships with Nvidia, the UK, and India. Felix identifies a potential entry point at $20 (breaking recent highs) or $27 for a more risk-averse approach.

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QBTS

Sentiment: BUYAction: RECOMMENDED

Reasoning: Felix recommends D-Wave due to its 'quantum annealing' technology, which provides practical solutions for logistics and optimization today. He notes their superior software-like margins even as a hardware manufacturer and their strong commercial customer base of 135 companies. He mentions an upcoming investor day in June 2026 as a key event.

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