Date: July 1, 2026
The Quantum Portfolio saw divergent performance this week. FormFactor (FORM) rose 5.69%, benefiting from strong demand for quantum testing equipment. However, pure-play quantum computing stocks like D-Wave (QBTS, -12.30%), Rigetti (RGTI, -9.67%), and IonQ (IONQ, -9.11%) declined amid profit-taking and rotation out of high-beta names. Quantinuum (HON) dropped sharply (-52.25%) after its spin-off from Honeywell, reflecting volatility in newly listed entities.
Performance Summary
- D-Wave Quantum (QBTS): -12.30%
- Rigetti Computing (RGTI): -9.67%
- FormFactor (FORM): +5.69%
- IonQ (IONQ): -9.11%
- Quantinuum (HON): -52.25%
Key Drivers
The quantum computing sector faced headwinds from broader market rotation away from speculative growth stocks. Positive news on quantum error correction and government funding was overshadowed by macro concerns. FormFactor’s resilience highlights the value of diversified exposure within the quantum ecosystem.
Risk Concentration
The portfolio remains heavily concentrated in early-stage quantum computing companies, which carry high volatility and binary risk. The addition of Quantinuum increases exposure to the Honeywell spin-off, which may take time to stabilize. No changes are recommended at this time as all positions are within their minimum holding period.
Outlook
We continue to believe in the long-term potential of quantum computing. Key catalysts include upcoming earnings reports, technological milestones, and potential government contracts. We will monitor the sector for signs of a turnaround.
Risk Disclaimer: This article is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Investing in quantum computing stocks involves significant risk, including potential loss of principal. Consult a financial advisor before making investment decisions.