Quantum computing stocks are staging another broad rally on Wednesday morning, with all three major pure-play names climbing for the second consecutive session. IonQ (NYSE:IONQ | IONQ Price Prediction) shares are rallying 10%, D-Wave Quantum (NYSE:QBTS) stock is up 9% today, and Rigetti Computing (NASDAQ:RGTI) stock are climbing 5% in early trading. The moves follow yesterday’s explosive session, which you can revisit in our prior coverage of the quantum computing rally.
The backdrop is a sector lit up by World Quantum Day on April 14, renewed institutional interest in quantum-as-a-service contracts, and strong fundamental catalysts keeping momentum traders engaged. Reddit’s r/stocks community flagged the broader quantum computing theme as up 8% today, calling it the top gainer on trending themes. That sector-wide lift pulls all three names higher regardless of individual news flow.
IonQ: Momentum Builds on Record-Breaking Fundamentals
IONQ stock is the strongest mover of the three today, rising from $35.76 to $40 in early trading. That’s on top of a 26% gain over the past week, making IonQ the clear sector leader in recent momentum. The fuel traces back to IonQ’s blockbuster Q4 2025 earnings report.
IonQ delivered Q4 revenue of $61.89 million, a 429% year-over-year increase that beat consensus estimates of $40.26 million by more than 53%. Full-year 2025 revenue came in at $130.02 million, making IonQ the first public quantum computing company to exceed $100 million in annual GAAP revenue. CEO Niccolo de Masi said: “IonQ has once again significantly outperformed our revenue guidance range, exceeding the midpoint by 55% for the fourth quarter and 20% for the full year.”
Looking ahead, IonQ’s management guided for full-year 2026 revenue of $225 million to $245 million, with a pending acquisition of SkyWater Technology that could expand its manufacturing footprint. Analysts carry a consensus target of $65.29, with 10 buy ratings and 3 holds. That’s meaningful runway from current levels, sustaining the bullish case.
D-Wave Quantum: Bookings Surge Fuels Investor Confidence
QBTS stock is up 9% today, moving from $16.97 to $18.50, extending a 24% weekly gain. D-Wave’s story centers on dramatic acceleration in commercial bookings that has investors reassessing the company’s near-term trajectory. The stock has also gained 166% over the past year, a reminder this isn’t a new story for long-term holders.
D-Wave reported Q4 bookings of $13.4 million, up 471% sequentially, and full-year 2025 revenue of $24.59 million, up 179% year over year. Year-to-date 2026 bookings have already exceeded $32.8 million, including a $20 million Florida Atlantic University system purchase and a $10 million Fortune 100 QCaaS deal. CEO Alan Baratz captured the sentiment, delcaring, “2026 is shaping up to be a defining year for D-Wave.”
D-Wave’s dual-platform roadmap, targeting gate-model general availability in 2026 following its acquisition of Quantum Circuits Inc., gives it a differentiated angle versus peers. Analyst consensus sits at 13 buy ratings and 1 hold, with an average price target of $36.76. The stock trades at a steep valuation relative to its revenue base, yet the bookings trajectory gives bulls something concrete to hold onto.
Rigetti Computing: Qubit Milestones Drive Sector Sympathy
RGTI stock also made a sizable move, climbing from $16.87 to $18, a gain of about 7%. Rigetti has posted a 25% weekly gain and is up 111% over the past year. Today’s move appears tied more to sector sympathy than a standalone catalyst, yet Rigetti’s roadmap gives investors reasons to stay engaged.
Rigetti debuted its 108-qubit system this week, adding fuel to the sector rally. The company has a $8.4 million C-DAC order for a 108-qubit system slated for H2 2026 and a chiplet-based scaling roadmap targeting 150-plus qubits by end of 2026 and 1,000-plus qubits by end of 2027. Insider activity at Rigetti has recently skewed toward net buying, according to sentiment data showing a net buying direction from 6 recent insider transactions.
Marking a Moment for Quantum Computing
The quantum computing sector is having a moment. All three names are trading on real fundamental progress and momentum-driven enthusiasm, a mix that can sustain a rally longer than skeptics expect. Watch for whether today’s gains hold into the close, particularly for IONQ and QBTS, where the fundamental cases are strongest. Any pullback in broader tech sentiment could test how much of this move is story-driven versus data-driven.
Longer term, the sector’s credibility rests on converting momentum into durable revenue growth. IonQ and D-Wave have both demonstrated that commercial traction is real, while Rigetti’s technical milestones keep it in the conversation. Investors watching this space should track whether booking pipelines and qubit performance gains continue to translate into the kind of top-line results that justify current valuations.
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