Arqit Quantum Inc. (ARQQ): This Quantum Computing Stock Is Challenging Jensen Huang’s Stance

We recently compiled a list of the 5 Quantum Computing Stocks Challenging Jensen Huang’s Stance. In this article, we are going to take a look at where Arqit Quantum Inc. (NASDAQ:ARQQ)  stands against the other quantum computing stocks.

At the CES 2025, Nvidia CEO Jensen Huang claimed useful Quantum Computing was at least 15 years away. This caused the stock prices of many quantum computing stocks to crash considerably. Considering Jensen Huang’s industry-leading position, the public’s reaction was natural. However, since then, multiple quantum computing firms have disapproved of those remarks, claiming they are building commercially useful quantum computers today!

For context, quantum computing stocks recently took off and enjoyed gains as high as 1000%. Google’s progress on the Willow chip in December also supported this optimism, a moment that could well define the start of the quantum computing era.

We compiled a list of quantum computing stocks challenging Jensen Huang’s stance. To come up with the list, we considered stocks with a market cap of at least $200 million.

A close-up of a computer chip, its intricate components safeguarding digital security.

Arqit Quantum Inc. (NASDAQ:ARQQ) 

Arqit Quantum Inc. (NASDAQ:ARQQ)  is a firm that utilizes quantum computing for cybersecurity. The company works with notable partners like Amazon Web Services and offers its QuantumCloud Platform as a Service, which helps companies generate unbreakable encryption keys. The company’s encryption solution is implemented using software alone, not requiring any hardware to go with it.

It shunned its plans of operating its service through satellite link and is focused on just the software offering alone at the moment. The company is not profitable and also losing cash at a fast pace. Traders who want to enter the rally would be better off booking timely profits, as the fundamentals of this stock aren’t as strong as the other quantum computing stocks. The stock is up over 30% at market open and continues to surge higher.

Overall ARQQ ranks 3rd on our list of the quantum computing stocks challenging Jensen Huang’s Stance. While we acknowledge the potential of ARQQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as ARQQ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article was originally published at Insider Monkey.