Quantum Computing Stocks Drop Amid Price Target Cuts, Analysts Highlight Long-Term Growth Potential Shares of IonQ (IONQ), D-Wave Quantum (QBTS), and Rigetti Computing (RGTI) experienced declines in early trading on Tuesday following a price target reduction by Mizuho Securities analyst Vijay Rakesh. The analyst adjusted his forecasts for all three stocks, lowering his estimates to $61 for IonQ (from $80), $31 for D-Wave (from $40), and $33 for Rigetti (from $43). Despite the downward revisions, Rakesh maintained an "Outperform" rating on each company, signaling his continued confidence in the sector’s long-term prospects. The price cuts reflect short-term caution among investors, though Rakesh emphasized that the broader quantum computing narrative remains intact. The analyst, ranked #32 on TipRanks with a 60% success rate and an average return of 44.70% per rating, attributed the near-term volatility to market uncertainty. However, he pointed to several structural trends that could drive sustained growth in the industry. One key factor is the increasing adoption of NVQLink, a technology that enhances error correction and enables the integration of quantum and classical computing systems. This advancement is critical for making quantum computers more practical for real-world applications, such as complex simulations and optimization problems. Rakesh noted that the ability to combine these computing paradigms is a significant step toward commercial viability. At the same time, competition within the sector is intensifying as companies race to achieve more than 200 logical qubits—a benchmark for scalable quantum computing. Most industry players have set targets to reach this milestone between 2027 and 2029, creating a race to innovate and secure market leadership.#ionq #mizuho_securities #vijay_rakesh #d_wave_quantum #rigetti_computing
dMY Squared Technology Group 2025 10-K: Zero Revenue, $17.8M Net Loss dMY Squared Technology Group disclosed no operating revenue for the fiscal year ending December 31, 2025, and recorded a net loss of $17.8 million. The loss was primarily attributed to a $14.3 million fair value loss on derivative warrant liabilities. The company continues to operate as a blank-check sponsor, with its primary focus on finalizing a previously announced business combination with Horizon. The merger is expected to close in March 2026 after meeting remaining conditions. The filing highlights that the company did not present earnings per share or typical operating metrics in Item 7. Its financials for the year show no revenue, with operating-related expenses including general and administrative costs of $4.4 million. The net loss of $17.8 million reflects the significant impact of the derivative warrant liabilities. The business combination with Horizon has progressed to a definitive share purchase agreement, with shareholder approval already secured. The company remains committed to completing the merger and has initiated integration planning. However, it has not yet commenced any operating activities as of December 31, 2025, with all efforts centered on the transaction. To manage capital, the company transferred trust account funds previously held for the merger and potential redemptions into an interest-bearing bank account. This move aims to reduce investment company risk. Additionally, the company has entered intoPIPE commitments totaling approximately $111.9 million and a strategic side-letter with IonQ to support post-merger liquidity and governance. The company’s securities were delisted from the NYSE American and now trade on OTC markets, which may affect liquidity and investor access.#horizon #dmy_squared_technology_group #nyse_americam #ionq #pipe_commitments
