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Quantum

A new substrate for computation

Real science meets lottery-ticket valuations. The hardware approaches are still diverging — trapped ions, superconducting, photonic, neutral-atom — and recent U.S. plans for funding incentives and equity stakes have re-rated the whole sector.

We track the pure-plays by modality alongside the deep-pocketed incumbents.

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26 companies

NVIDIA CorporationNVDA
Market cap$5.4T
Conviction5 / 5
AI computeAI infrastructureVision models
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Alphabet Inc.GOOGL
Market cap$2.0T
Conviction5 / 5
Vision modelsAutonomous systemsAI compute
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94
International Business Machines CorporationIBM
Market cap$219B
Conviction5 / 5
Superconducting qubits
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Microsoft CorporationMSFT
Market cap$3.7T
Conviction5 / 5
AI infrastructureTopological qubitsCloud security
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Bluefors OyPrivate
Market cap
Conviction4 / 5
Quantum enablers
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84
Amazon.com, Inc.AMZN
Market cap$2.7T
Conviction4 / 5
AI infrastructureAI computeQuantum software & access
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92
Honeywell International Inc.HON
Market cap$67B
Conviction4 / 5
Trapped-ion qubits
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Quantum Design InternationalPrivate
Market cap
Conviction4 / 5
Quantum enablers
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Keysight Technologies, Inc.KEYS
Market cap$60B
Conviction3 / 5
Quantum enablersSemiconductor equipment
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Riverlane Ltd.Private
Market cap
Conviction3 / 5
Quantum enablersQuantum software & access
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Qblox B.V.Private
Market cap
Conviction3 / 5
Quantum enablers
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78
IonQ, Inc.IONQ
Market cap$17B
Conviction3 / 5
Trapped-ion qubits
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Intel CorporationINTC
Market cap$648B
Conviction3 / 5
Spin qubits
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QuantinuumPrivate
Market cap
Conviction3 / 5
Trapped-ion qubits
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Infleqtion, Inc.INFQ
Market cap$3.1B
Conviction3 / 5
Neutral-atom qubits
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Xanadu Quantum Technologies Inc.Private
Market cap
Conviction3 / 5
Photonic quantumQuantum software & access
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Alice & BobPrivate
Market cap
Conviction2 / 5
Superconducting qubits
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Atom Computing Inc.Private
Market cap
Conviction2 / 5
Neutral-atom qubits
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SEALSQ CorpLAES
Market cap$514M
Conviction2 / 5
Post-quantum cryptography
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PasqalPrivate
Market cap
Conviction2 / 5
Neutral-atom qubits
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PsiQuantum, Corp.Private
Market cap
Conviction2 / 5
Photonic quantum
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95
D-Wave Quantum Inc.QBTS
Market cap$6.3B
Conviction2 / 5
Quantum annealing
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QuEra Computing Inc.Private
Market cap
Conviction2 / 5
Neutral-atom qubits
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77
Rigetti Computing, Inc.RGTI
Market cap$5.3B
Conviction2 / 5
Superconducting qubits
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Arqit Quantum Inc.ARQQ
Market cap$392M
Conviction2 / 5
Post-quantum cryptography
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Quantum Computing Inc.QUBT
Market cap$2.1B
Conviction2 / 5
Photonic quantum
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