In this article, we will take a look at the 5 Best Quantum Computing Stocks to Invest In According to Hedge Funds. For a deeper discussion and an extended list, please see the 8 Best Quantum Computing Stocks to Invest In According to Hedge Funds.
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5. Infleqtion, Inc. (NYSE:INFQ)
Number of Hedge Fund Holders: 24
Infleqtion, Inc. (NYSE:INFQ) is among the Best Quantum Computing Stocks.
On May 28, 2026, Infleqtion, Inc. (NYSE:INFQ) expanded its UK quantum operations by launching a quantum innovation center in Oxford. It delivered the country’s first operational 100-physical-qubit quantum computer to the National Quantum Computing Centre. The facility will be a hub for research, manufacturing, and systems integration, tripling Infleqtion’s capabilities. The company also conducted Royal Navy sea trials of its Tiqker optical atomic clock aboard the MOD’s Excalibur submarine and more programs, including a quantum RF sensing plan and an optical atomic clock contract.
On May 21, 2026, Infleqtion, Inc. (NYSE:INFQ) said it signed a Letter of Intent with the US Department of Commerce for $100 million in proposed CHIPS and Science Act funding. It targets domestic quantum manufacturing and workforce growth. The firm said the milestone-based program would speed up its neutral-atom roadmap throughout hardware, photonics, and full-stack systems. It will support national security and research efforts.
Infleqtion, Inc. (NYSE:INFQ) delivers neutral atom solutions for quantum computing, networking, sensing, and security. Its products are divided into computing, sensing, and cores.
4. D-Wave Quantum Inc. (NYSE:QBTS)
Number of Hedge Fund Holders: 26
On Jun 2, 2026, B. Riley raised its price target on D-Wave Quantum Inc. (NYSE:QBTS) to $40 from $36. The analyst maintained a “Buy” rating on the shares. The firm said the update extended the gate-model roadmap from 2026 to 2028 and “crystallized” error correction metrics as key benchmarks. The firm also noted that the company’s growth could approach five-times competitor rates, backed up by “encouraging commercial takeaways” and recent stock appreciation.
On May 21, 2026, D-Wave Quantum Inc. (NYSE:QBTS) announced a Letter of Intent with the US Department of Commerce for $100 million in proposed CHIPS and Science Act funding. This would support its superconducting annealing and gate-model technologies. The company said the agreement, subject to final award documents, would include issuing $100 million in common stock to the Department of Commerce.
CEO Dr Alan Baratz said the proposed funding would speed up scaling of quantum innovation and fabrication processes and called it a transformative moment for the firm and the quantum sector.
D-Wave Quantum Inc. (NYSE:QBTS) develops and engages in the delivery of quantum computing systems, software, and services. It provides professional services, including customer assistance in identifying and using quantum-computing applications.
3. Rigetti Computing, Inc. (NASDAQ:RGTI)
Number of Hedge Fund Holders: 29
On May 11, 2026, Rigetti Computing, Inc. (NASDAQ:RGTI) reported Q1 revenue of $4.4 million. It had an operating loss of $26.0 million as it continued execution on its quantum classical computing roadmap. The firm disclosed GAAP net income of $33.1 million along with a non-GAAP net loss of $14.7 million.
CEO Dr. Subodh Kulkarni said Rigetti Computing, Inc. (NASDAQ:RGTI) brought its 108-qubit Cepheus-1-108Q system into availability across Rigetti QCS, Amazon Braket, Microsoft Azure Quantum, and qBraid. He called it one of the most powerful gate-based quantum systems in production use. He also noted that growing use across government, academic, and commercial customers helped revenue growth as well as on-premises Novera QPU sales.
The firm ended the quarter with $569.0 million in cash and no debt and also advanced international expansion plans. It included a proposed up to $100 million investment in the United Kingdom for a 1,000-plus qubit system within three to four years. The company also mentioned 99.8% two-qubit gate fidelity improvements and chiplet-based architecture development.
Rigetti Computing, Inc. (NASDAQ:RGTI) provides quantum computing services. Through its Rigetti Quantum Cloud Services platform, the firm serves global enterprise, government, and research clients.
2. IonQ, Inc. (NYSE:IONQ)
Number of Hedge Fund Holders: 39
On May 12, 2026, IonQ, Inc. (NYSE:IONQ) announced it had opened a new quantum computing R&D lab in Boulder, Colorado. It will house semiconductor chip testing and facilities to advance future generations of its trapped-ion quantum systems. The firm said the site will support “design, testing, and iteration” of technologies central to its roadmap, with a first quantum computer installation planned later this year.
CEO Niccolo de Masi said the company is “delivering on the promise” of quantum technologies across pharmaceuticals, infrastructure, and manufacturing.
Colorado Governor Jared Polis said Boulder’s selection reinforces Colorado’s growing quantum economy and will create high-paying jobs. Boulder Mayor Aaron Brockett said the project shows a collaborative ecosystem.
President of Quantum Computing Chris Ballance said IonQ, Inc. (NYSE:IONQ)’s trapped-ion approach uses electronics instead of lasers. It allows semiconductor-style manufacturability and scalable production toward fault-tolerant systems while improving performance at lower cost and complexity.
IonQ, Inc. (NYSE:IONQ) makes quantum computers and specializes in quantum computing and quantum information processing.
1. Honeywell International Inc. (NASDAQ:HON)
Number of Hedge Fund Holders: 75
On June 3, Reuters reported that Honeywell International Inc. (NASDAQ:HON)’s Quantinuum raised $1.68 billion in a US IPO, pricing 28 million shares at $60 each as investor demand jumped for quantum computing plays. The company had already lifted its range to $53-$55 and increased the offering size to 26.5 million shares, showing solid interest, Reuters noted.
Reuters said Quantinuum will begin trading on NASDAQ under the ticker “QNT,” with J.P. Morgan and Morgan Stanley leading the offering. It added that Honeywell will retain about 48.1% voting power post-listing. Hence, keeping major control while tapping public markets.
Formed in 2021 through the merger of Honeywell International Inc. (NASDAQ:HON)’s quantum unit and Cambridge Quantum, the corporation has reported accelerating bookings in recent months despite having high development costs and an uncertain commercialization timeline.
Reuters cited that Wedbush analysts said more quantum listings “deepens the universe” and improves price discovery. It also added that Quantinuum’s early trading could “set the tone” for the market peers.
Honeywell International Inc. (NASDAQ:HON) is a software industrial firm that provides specific industry solutions for aerospace and automotive products and services. It works in the following Aerospace Technologies, Industrial Automation, Building Automation, Energy and Sustainability Solutions, and Corporate and Other segments.
While we acknowledge the potential of HON to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HON and that has 100x upside potential, check out our report about the cheapest AI stock.
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