Rigetti (RGTI.US) leads the frenzy of quantum computing stocks in the US stock market. Analysts sound the alarm.

In the last month of 2024, US quantum computing stocks continued to soar, with Rigetti Computing (RGTI.US) rising 36% at Thursday's closing. D-Wave Quantum (QBTS.US) closed up 24%, Quantum Computing (QUBT.US) rose 12.5%, and IonQ Inc (IONQ.US) increased by 8%. At the same time, Arqit Quantum (ARQQ.US) soared 50% at closing. Seeking Alpha analyst Joseph Parrish said that while Rigetti has potential, investors must be patient to see these results materialize. Parrish said, "Rigetti has shown us hope for the democratization of quantum computing technology, but I think this possibility will not be realized until the end of this decade, and companies that need to raise funds will face many risks in this process." Rigetti's stock price has risen by 543% this month, which is unbelievable. D-Wave surged by 275% during the same period. Meanwhile, several analysts believe that IonQ is the most compelling investment among these stocks, with a 52% increase in the last month of 2024, a relatively modest increase compared to its peers. James Foord, head of The Pragmatic Investor investment group, said, "IonQ is in good financial health, with no debt and $360 million in cash, reducing the risks of equity dilution and bankruptcy, although the company does have operating losses." He added, "Among publicly traded quantum stocks, this company's fundamentals are the most notable, and I believe it has superior technology and a stronger development roadmap." Foord said, "Unlike other companies in the industry, IonQ has actually provided quantum computing services to customers through most major cloud providers."