Two of the small, publicly traded quantum computing companies are getting a bullish pre-earnings write-up.
According to an article from foreignpolicyjournal.com, distributed via Google News, Rigetti Computing (NASDAQ: RGTI) and Quantum Computing Inc., or QCi (NASDAQ: QUBT), "eye triple-digit upside ahead of Q2 earnings." In market shorthand, triple-digit upside means a forecast that the share price could more than double.
That is the extent of what the source item establishes. The material available here is the headline and the outlet's name — it does not include the reasoning behind the forecast, a price target, revenue or profit figures, the date either company reports, or the identity of whoever is making the call. Anyone weighing this should treat it as a claim awaiting support rather than a settled fact, and note that foreignpolicyjournal.com is not a specialist financial-research publication.
The wider context is worth understanding even without those details. Rigetti and QCi are among a handful of pure-play quantum computing stocks — companies whose business is building quantum hardware and software rather than selling it as one line among many, the way IBM, Google or Nvidia do. Because the underlying technology is still years from broad commercial use, these stocks tend to trade on expectations and news flow rather than on current earnings, which makes them unusually volatile in both directions.
Why it matters: quantum computing has become a magnet for retail investors chasing the next artificial-intelligence-scale boom, and headlines promising a stock will double are exactly the kind of thinly sourced signal that moves money before the actual earnings numbers arrive.