Quantum Computing's Wild Ride: Trade 3 Stocks With 2X Leverage

This is sponsored content.  Barchart is not endorsing the websites or products set forth below.

While artificial intelligence companies race to monetize trillion-dollar buildouts and capture enterprise customers, quantum computing stocks are living in a different reality: multi-billion dollar market caps exist alongside negligible revenue, stocks that traded for pennies twelve months ago now command $12-15 billion valuations, and a single earnings report can trigger 20% swings in either direction.

Three publicly traded quantum computing companies show just how intense this space has become: D-Wave Quantum (QBTS) surged 3,192% over the past year. Rigetti Computing (RGTI) rocketed 3,032%. Quantum Computing Inc. (QUBT) jumped 1,240%. Those gains came from companies with annual revenues in the single-digit millions, yet market capitalizations stretching into the billions.

The disconnect reflects where quantum computing sits in its evolution. Unlike AI, which has found clear commercial uses from chatbots to code generation, quantum computing is still mostly confined to laboratories. 

Quantum systems are being deployed in research facilities, tested by government agencies, and explored by hyperscalers, but widespread consumer or enterprise adoption hasn't materialized. That hasn't stopped Wall Street from betting billions on quantum's promise to crack problems in cryptography, pharmaceuticals, and complex optimization that classical computers can't solve.

The result is extreme volatility as the market wrestles with how to value businesses transitioning from development to commercial operations. All three companies report earnings between November 11 and November 14, presenting traders with a compressed catalyst window and amplified opportunity when combined with 2X leverage.

In an effort to capitalize on the volatility within these stocks, Tradr ETFs offers active traders 2X leveraged ETFs for each of these stocks:

Extreme Beta and Earnings Catalysts

What makes these quantum computing stocks particularly compelling for momentum traders is their elevated Beta, a key measure of volatility relative to the broader market. A Beta of 1.0 indicates a stock typically moves in line with the S&P 500, while readings above 1.5 suggest significantly higher swings.

QUBT currently sports a Beta above 3.85, meaning that when the market moves 1%, QUBT tends to move roughly 3.85%. RGTI carries a Beta of 1.60, while QBTS posts a Beta of 1.49, all signaling strong volatility potential across the basket.

With all three companies reporting earnings within a four-day window in mid-November, the combination of elevated Beta readings and compressed catalyst timing creates compelling conditions for traders using 2X leverage. The absence of meaningful revenue streams makes these stocks especially sensitive to partnership announcements, technology milestones, and forward guidance, any of which could trigger sharp swings.

D-Wave Quantum (QBTS)

D-Wave Quantum develops and delivers quantum computing systems, software, and services. The company offers both annealing and gate-model quantum computers, along with cloud-based access through its Leap platform. D-Wave's Advantage quantum computer and Ocean software development kit give researchers and commercial clients tools for optimization, machine learning, and materials research.

The company secured strategic partnerships and contracts throughout 2025, including collaborations with government labs and research universities. D-Wave's annealing approach differs from gate-model competitors, positioning it as a specialist in optimization problems rather than general-purpose quantum computing.

Up 3,192% over the past year with a Beta of 1.49, QBTS transformed from a penny stock trading below $1 to a company with a $12.35 billion market capitalization. The rally reflects growing institutional interest in quantum computing infrastructure, even as the company's annual revenue sits in the low single-digit millions. The most recent quarter showed revenue of $3.1 million against a net loss of $167.3 million.

The company is estimated to report earnings on November 13, 2025, offering the first major catalyst in the compressed earnings window as investors assess quarterly performance and updated guidance on commercial deployments.

The Tradr 2X Long QBTS Daily ETF (QBTX) seeks double the daily exposure to QBTS's price action, turning the stock's natural volatility into a precision tool for high-conviction trades. For more information about QBTX, CLICK HERE.

Rigetti Computing (RGTI)

Rigetti Computing is a pioneer in full-stack quantum-classical computing. The company's proprietary quantum-classical infrastructure offers high-performance integration with public and private clouds. Rigetti manufactures superconducting quantum processors and offers cloud access to its quantum systems through partnerships with major cloud providers.

The company recently launched its 36-qubit Cepheus processor, achieving 99.5% two-qubit gate fidelity, a major step forward in error reduction. Rigetti secured a $5.8 million U.S. Air Force contract for superconducting quantum networking and received approximately $5.7 million in purchase orders for its Novera quantum computing systems. The company also announced support for NVIDIA's NVQLink platform, positioning Rigetti for hybrid quantum-AI workloads.

Up 3,032% over the past year with a Beta of 1.60, RGTI rocketed from penny-stock levels to a market cap exceeding $13.78 billion. The stock demonstrated extreme sensitivity to news, surging 25% in a single day on partnership announcements before pulling back during sector-wide profit-taking. The most recent quarter showed revenue of $1.8 million with a net loss of $39.7 million, though the company holds $571.6 million in cash with virtually no debt following a $350 million equity raise.

The company is confirmed to report earnings on November 11, 2025, offering traders insight into whether government contracts and Novera system sales are starting to drive revenue growth.

The Tradr 2X Long RGTI Daily ETF (RGTU) targets 200% of RGTI's daily performance as the company moves from research-stage technology to commercial quantum computing provider. For more information about RGTU, CLICK HERE.

Quantum Computing Inc. (QUBT)

Quantum Computing Inc. designs and develops application software and hardware for quantum systems. The company offers integrated photonics and quantum optics solutions, working to lower the barriers to quantum computing through its technology platform. QUBT's approach emphasizes room-temperature quantum systems and photonic computing, setting it apart from competitors requiring extreme cooling.

The company continues to develop its quantum photonics portfolio while working with government agencies and research institutions on strategic partnerships. QUBT's technology roadmap targets practical quantum applications in sensing, computing, and communications.

Up 1,240% over the past year with a Beta of 3.85, QUBT carries the highest volatility reading in the basket, amplifying both gains and losses as investors speculate on the company's photonics approach. The stock recently surged 10% in a single day ahead of its earnings announcement. Despite the market enthusiasm, the company's most recent quarter showed revenue of just $61,000 against a net loss of $36.5 million. That puts the company's $3.35 billion market valuation at nearly 55,000 times quarterly revenue.

The company is confirmed to report earnings on November 14, 2025, providing the final catalyst in the earnings window and a test of whether market expectations match operational progress.

The Tradr 2X Long QUBT Daily ETF (QUBX) aims for double the daily exposure to QUBT's movements, amplifying the stock's extreme volatility as the photonics-based quantum computing approach gains attention. For more information about QUBX, CLICK HERE.

Trade the Quantum Computing Buildout With Leverage

The quantum computing sector sits at the crossroads of breakthrough technology and speculative valuation. These three companies are winning government contracts, launching new processors, and building quantum infrastructure, yet none has achieved meaningful commercial revenue. The gap between multi-billion dollar market caps and single-digit million dollar sales creates the extreme volatility that defines this space.

For active traders looking to capitalize on this volatile segment, Tradr's 2X leveraged ETFs provide tactical precision:

• QBTX – Tradr 2X Long QBTS Daily ETF
• RGTU – Tradr 2X Long RGTI Daily ETF
• QUBX – Tradr 2X Long QUBT Daily ETF

These funds reset their leverage daily, giving you fresh 2X exposure each trading day. When these quantum computing stocks move 5% on earnings or partnership announcements, the leveraged ETFs target 10% moves, before fees.

If you plan on trading these leveraged ETFs, remember:

• Daily reset: Performance targets apply to single trading days only
• Volatility cuts both ways: Leverage amplifies both gains and losses
• Active management required: Designed for traders monitoring positions, not passive investors
• Concentration risk: Single-stock ETFs provide no diversification

The quantum computing buildout represents a multi-year journey from laboratory concepts to commercial applications. These three companies offer traders 2X leverage for high-conviction plays on a sector where volatility isn't just common but the defining characteristic.

Leveraged ETFs Involve Significant Risks

Tradr ETFs are for sophisticated investors and professional traders with high conviction views and are very different from most other exchange-traded funds. Know the risks before you invest. The significant risks of leveraged and/or inverse ETFs include the risks of leverage, derivatives, and/or other complex investment strategies that they employ. These investments are designed for short-term trading for investors seeking daily, monthly or quarterly leveraged investment results.

Investors in the fund should: (a) understand the risks associated with the use of leverage; (b) understand the consequences of seeking daily, calendar month and calendar quarter inverse and leveraged investment results; (c) for short ETFs, understand the risk of shorting; (d) intend to actively monitor and manage their investment. Fund performance will likely be significantly different than the benchmark over periods longer than the specified reset period and the performance may trend in the opposite direction than its benchmark over periods other than that period.

The Funds seek leveraged investment results over a specific period and are intended to be used as short-term trading vehicles. The Funds pursue leveraged investment objectives, which means they are riskier than alternatives that do not use leverage because the Funds magnify the performance of their underlying security. The volatility of the underlying security may affect a Fund’s return as much as, or more than, the return of the underlying security.

The Fund will not attempt to position its portfolio to ensure it does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, investors in a Fund that seeks two times daily performance would lose all of their money if the Fund’s underlying security moves more than 50% in a direction adverse to the Fund on a given trading day.

ETFs involve risk including possible loss of principal. There is no assurance that the Fund will achieve its investment objective. Principal risks and other important risks may be found in the prospectus.

Investors should carefully consider the investment objectives, risks, charges and expenses of the fund before investing. To obtain a prospectus containing this and other important information, please visit www.tradretfs.com to view or download a prospectus online. Read the fund’s prospectus carefully before you invest.
  
Distributed by ALPS Distributors, Inc, which is not affiliated with AXS Investments or its Tradr ETFs. AXI000791

The above is sponsored content. Barchart was paid up to thirty thousand dollars for placement and promotion of the content on this site and other forms of public distribution covering the period of October - December 2025.  For more information please view the Barchart Disclosure Policy here.