Quantum computing stocks soar

Quantum stocks are going gangbusters in early trading on Thursday, with Rigetti Computing, D-Wave Quantum, IonQ, and Quantum Computing all up at least 5.5% as of 10:10 a.m. ET.

Surprisingly, most of these gains are taking place on relatively light volume (and a dearth of news) so far, though Rigetti and Quantum Computing are both enjoying elevated call demand, having already outstripped Wednesday’s call volumes traded a little over half an hour into the session.

The quantum space has benefited from a number of fresh deals with governments and affiliated agencies over the past month, with hopes of more to come, as the Trump administration recently highlighted quantum technology as an R&D budgetary priority for fiscal 2027.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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