Quantum computing stocks surge to record highs in 2024, fueled by Google’s recent Willow chip announcement. Here’s an exchange-traded fund that offers investors exposure to this burgeoning sector.
What Happened: Defiance Quantum ETF QTUM is an ETF that tracks the BlueStar Quantum Computing and Machine Learning Index, which helps investors capture the growth potential of the quantum computing sector.
The ETF has gained 16.41% over the last month, 29.03% over the last six months and 54.88% in 2024, as per Benzinga Pro.
Defiance Quantum ETF In 2024
The ETF invests in over 70 global stocks across the value chain, including hardware, software, and application-focused companies. Its top holdings include Rigetti with a weightage of 3.79% and D-wave with a 3.27% weight, followed by IONQ, Alchip Technologies, and Teradyne.
Top 10 Holdings Of Defiance Quantum ETF
| Name | ETF Weight | Shares Held |
| Rigetti Computing | 3.79% | 1,571,360 |
| D-wave Quantum | 3.27% | 2,814,719 |
| IONQ | 2.02% | 388,758 |
| Alchip Technologies | 1.58% | 139,102 |
| Teradyne | 1.47% | 96,480 |
| Tower Semiconductor | 1.47% | 236,327 |
| Global Unichip Corp | 1.45% | 306,991 |
| Palantir Technologies | 1.45% | 159,931 |
| Taiwan Semiconductor Manufacturing | 1.45% | 59,591 |
Quantum computing stocks like Quantum Computing Inc QUBT, Rigetti Computing Inc RGTI, D-Wave Quantum Inc QBTS, and IONQ Inc IONQ have scaled fresh highs in 2024, especially after Alphabet Inc's GOOG GOOGL Google launched Willow on Dec. 9, 2024.
Quantum Computing Stocks In 2024
See Also: SoFi Tech Downgraded Over Valuation Concerns: Stock Priced Three Times Its Peers
Why It Matters: Quantum computers, leveraging qubits, offer the potential to revolutionize computing by exponentially accelerating complex calculations.
Google’s recent Willow chip, showcasing advancements in quantum memory, achieved a benchmark computation in minutes that would take a supercomputer 10 septillion years. Despite this progress, high error rates remain a significant hurdle, hindering widespread commercial adoption and creating uncertainty around the timeline for practical applications.
According to Jon Najarian, the co-founder of Market Rebellion, Rigetti is a standout in the quantum computing space.
The Kobeissi Letter, in an X post, also highlighted that “Call options trading value on quantum computing stocks is now 2,500% above average.”
Based on an X post from Dec. 11, Citron Research said, "Buying $RGTI based on Google’s quantum success is as misguided as believing every TikTok guitarist is the next Taylor Swift," said Citron Research.
What Are Other Analysts Saying: According to the analysts tracked by Benzinga, most of these quantum computing companies face a potential downside in the future, with the exception of IBM.
| Stocks | Last Three PT's Average | Up/Downside Potential |
| Rigetti Computing | $6.17 | -69.20% |
| Quantum Computing | $8.63 | -52.95% |
| D-Wave Quantum | $8.00 | -17.27% |
| IONQ | $39.00 | -9.68% |
| IBM | $226.67 | 3.69% |
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