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QTUM seeks out companies involved in the development of quantum computing and machine learning technology. Quantum computing refers to hardware and software designed to harness extremely fast computers that leverage the field of quantum mechanics, a branch of physics dealing with particles and their natural behavior. Covered technologies include the development of quantum computers, application of quantum computers, interaction between quantum and traditional computers, hardware and software for machine learning, specialized machinery for semiconductor and integrated circuit packaging, and…
Share declines for companies with an exclusive focus on quantum computing have been significant this year—D-Wave Quantum Inc. NYSE: QBTS has dropped a dismal 23% year-to-date (YTD), for instance, while even better-faring rivals like IonQ Inc. NYSE: IONQ are still down 5%. A perfect storm of threats from larger rivals (or up-and-coming new names), continued struggles with marketability and profit, and uneven revenue performance have prompted many companies in the space to slump.
The Commerce Department's $2 billion in planned CHIPS R&D funding for nine quantum companies, announced in May, gave the quantum computing trade something it lacked for a decade: a federal balance sheet behind it.
Anyone who bought IonQ (NYSE:IONQ | IONQ Price Prediction) bought a specific thesis: that trapped-ion architecture will win the race to commercial quantum computing.
President Trump's latest push into quantum computing is arriving at an interesting moment.
Both Defiance Quantum ETF (NYSEARCA:QTUM) and Invesco QQQ Trust (NASDAQ:QQQ) get pitched as ways to own the future of computing, but they are not interchangeable.