If You Missed Palantir or Nvidia. This is Even Bigger.

Finance-focused summary (quantum computing investing theme)

Market / macro context & why it matters

• The video frames quantum computing as a long-term, high-capex “infrastructure” technology driven by:
  • Government funding and strategic defense priorities.
  • Technological acceleration (claims of algorithmic progress and error-correction advances).
• It argues quantum is on a similar investment trajectory to earlier tech transitions (e.g., internet / semiconductors), but with major speculative drawdowns.

Government + industry funding numbers cited

• US Department of Energy (DOE): $625M renewed for five national quantum research centers
• US Department of Defense (DoD): requested nearly $1B for quantum R&D
• US federal government quantum spend (outside centers): ~$200M/year
• NSF: investing $100M
• Global commitments: over $65B to quantum computing
• France: allocated $1.8B (explicit figure given)

Technology / competitive catalysts mentioned

• Google “Willow” chip:
  • Solved a problem in under 5 minutes
  • Compared against a claim that the best supercomputer would take 10 septillion years
• Quantum error correction:
  • Caltech + Oratomics (with AI assistance) reported a new method (cited via Quant magazine, April “this year”)
  • Claimed to reduce the number of atoms needed per “virtual cubit,” but the exact numeric reduction is not clearly transcribed
• Google encryption-breaking claim:
  • Quantum algorithm efficiency described as “10x more efficient”
  • Timeline for breaking encryption is framed as being pulled forward
• IBM: mentioned a new processor called “Kukura”
• Market size claim:
  • Quantum computing market expected to reach $850B by 2040
  • Stated as about 30% CAGR

Core investing thesis

• The presenter says quantum should remain an important multi-year theme, but highlights a key failure mode:
  • Many retail investors bought at peaks and did not have an exit/sell plan
  • Result: large drawdowns, even after major gains (e.g., 10x)

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What went wrong / risk management message

• Main caution: even if the stock is a “winner,” poor timing can erase gains.
• Stated pattern: three quantum stocks peaked around the same time and then fell sharply, attributed to investors not selling.
• Repeated emphasis:
  • Know where to sell at the moment you buy
  • Without exit rules, a large winner can become a net disappointment

Explicit performance / drawdown examples (numbers given)

• Example stock:
  • Rose 1,000%+
  • Example math given: $10,000 → $115,000
  • Then fell ~70% from peak
  • Ended around $51,000
• Rigetti (RGTI) (referenced as “like Rigetti”):
  • Rose ~827%
  • Then fell ~70%
• INQ:
  • Rose ~180%
  • Then dropped ~45%
• Note: the QBTS mention includes “dreaded chart,” but no clean numeric drawdown is transcribed in the same sentence as INQ/RGTI.

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Step-by-step / framework elements mentioned

(Not a formal ETF/portfolio framework, but the video presents a repeatable approach.)

• Theme watchlist
  • Build and maintain a watchlist of major quantum stocks
  • Track charts/news (via “Trade Vision” software mentioned)
• Trade / entry logic
  • Entries discussed around “breakout” points (including references like “December entry” near certain levels)
• Exit / timing framework
  • A “selling rule book” / “when to sell” training is positioned as the missing component
  • Main principle: set the sell point at purchase time to avoid giving back gains
• Time horizon mapping
  • Claimed to work for both:
    • 10-year investors
    • momentum/traders (active momentum plays)

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Individual stocks covered (tickers) + key data

1) INQ / IONQ — IonQ (quantum computing “revenue leader”)

• Tickers mentioned: IONQ (subtitles also appear to spell it as INQ/IO NQ)

Revenue & growth

• Claimed first publicly traded pure-play quantum company to cross $100M annual revenue
• ~$130M revenue last year (claim)
• $61M in the last quarter of 2025 (claim)
• ~400% YoY growth (explicit)
• Expecting over $200M this year (implying roughly ~2x last year)

Balance sheet

• $3.3B in cash (“cold hard cash”), described as a war chest for R&D and survival

M&A / corporate action

• Acquisition valued around $1.8B for SkyWater (US semiconductor foundry)

Moat / government linkage

• SkyWater described as having DMEA category 1 accreditation (approved for chips for US military/defense agencies)

Customer mix risk note

• Presenter claims ~80% came from commercial customers (less concentrated than government-only revenue)

Profitability risk

• Still losing money and expected to keep losing money “this year”

Valuation

• ~60x forward price-to-sales (explicit)

Technical / chart / timing notes

• Mentions a potential December entry, with approximate price:
  • “about $28”
• Notes it didn’t drop below prior breakout support and then rallied/spiked

Recommendation tone

• Framed as “in play,” with expectation it may go up and sideways as earlier buyers exit higher

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2) QBTS — D-Wave Quantum (quantum annealing approach)

• Ticker mentioned: QBTS (subtitles also show “QB2S” / “Dwave QB2S”)

Approach

• Quantum annealing (contrasted with gate-model companies)

Revenue scale

• ~$25M revenue last year (approx.)

Customer / traction

• 135 customers
• Named customers/partners: LG, Sharp, and Andual (spelling unclear in subtitles)

Margins / business model claim

• Presenter claims they achieve software-like margins while manufacturing complex hardware

Investor cadence

• Plans an Investor Day in June 2026

Risk flags

• Still a high-risk play
• Mentions “losing money” and that revenue is still small (the subtitle-reported “~$355M” appears inconsistent/unclear)
• Emphasis: bookings must convert into consistent revenue

Recommendation tone

• Interesting due to existing software margins and working technology—not “5 years from now”

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3) RGTI — Rigetti Computing

• Ticker mentioned: RGTI (subtitles spell it as “Rietti”)

Revenue trend

• Revenue for last year: $7M (explicit)
• Declined 56% YoY (explicit)
• Missed analyst estimates (stated)

Why the presenter likes it anyway

• Framed as a technology roadmap catch-up rather than a current revenue growth story

Claimed technical milestone

• 99.9% two-cubit gate fidelity
• 28 nanosecond gate speed
• Presented as among the best in the industry (with a caveat tone implying some details may be “prototype”)

Product / platform

• Upcoming chip: “LA” (mentioned “later this year”)

Manufacturing control

• Claimed to own the entire fabrication process and run its own quantum chip fabrication facility

Partnerships / funding mentioned

• Nvidia support via integration with Nvidia’s platform (described as meaningful)
• Mentions a UK deployment for a supercomputer (contextual joke; not tied to a specific financial metric)
• $100M from the UK (“Apparachnik” mentioned; transcription unclear but amount stated)
• In India, a contract of $8M for a system (described as largest hardware contract disclosed; timeline not specified)
• Partnership with Quanta: $250M to accelerate deployment and build commercial-scale manufacturing

Risk / valuation tone

• Emphasizes risk-reward, while warning revenue weakness may persist

Technical / chart / levels

• Mentions entry/breakout patterns with approximate levels:
  • around $14 (support zone)
  • would like breakout out of recent highs around $20
  • more conservative “wait for $27” alternative for improved win probability (explicit number)

Recommendation tone

• “I would like to pay more…”—explicitly prefers waiting for a higher/later confirmation or more favorable entry

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Disclosures / disclaimers

• Presenter says:
  • “I am not a registered financial adviser.”
  • “I don’t give financial advice.”
  • Viewers are responsible for decisions based on research
• Mentions reading the report and studying it, with “find loopholes” language (framed as informational, not a direct legal disclaimer)

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Events / promotional offers (financially relevant)

• Mentions a free live seminar:
  • “When to sell in 2026” (no replay)
  • Held “this weekend,” presenter says they will be in London
  • Link mentioned: whenell.org
• Mentions Trade Vision software tool:
  • Used for breakout indicators, watchlists, chart tracking
  • Offered via free trial (promo content; not a guarantee)

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Assets / instruments explicitly mentioned

• Stocks / equities: IONQ, QBTS, RGTI
• Quantum devices/technologies (non-ticker):
  • Google “Willow” chip
  • quantum error correction
  • quantum annealing
  • gate model (concept)
• Government funding programs (non-instrument):
  • DOE / DoD / NSF figures cited above

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Presenters / sources mentioned

• Presenter: Felix (spoken as “Felix,” with “Felix” branding and “Winston” interaction)
• Character/assistant: Winston (appears on camera, non-financial)
• Source references:
  • Quant magazine (April report on quantum error correction with Caltech + Oratomics + AI)
  • Google (Willow chip result and algorithm efficiency claim)
  • Caltech, Oratomics (error-correction research)
  • IBM (processor “Kukura” mentioned)
  • US Department of Energy, US Department of Defense, NSF
  • Mentions Trade Vision and whenell.org as resources