Quantum Computing Basket: 72% Return in 4.5 Months — Rigetti & IonQ Lead the Charge

Quantum Computing Basket Update: 72% Return in Just 4.5 Months

Did your portfolio gain 72% over the past 4.5 months?

Back in May 2025, HALO subscribers received the report “Quantum Computing: The Next Investment Wave”, featuring our Quantum Computing Six-Stock Basket.

Here’s how that basket has performed between May 16, 2025, and October 6, 2025 (in AUD):

A $10,000 equally weighted portfolio ($1,666.67 in each stock) would now be worth $17,272.87 — a gain of 72.27% in just over four and a half months.

Not bad for what’s shaping up to be one of 2025’s most exciting innovation themes.

Rigetti and IonQ Lead the Quantum Charge

Our two standout performers — Rigetti Computing and IonQ — have both delivered extraordinary results, backed by major technical and commercial milestones.

Rigetti Computing (RGTI): Scaling Toward Quantum Advantage

Rigetti has made remarkable progress in scalable quantum hardware, validating its modular “chiplet” architecture — a critical step toward fault-tolerant systems.

Key milestones include:

• July 2025: Unveiled Cepheus-1-36Q, the industry’s largest multi-chip quantum computer — a 36-qubit system achieving 99.5% median two-qubit fidelity, a 50% improvement on prior generations.
• September 2025: Announced plans for a 100+ qubit system by year-end and a 336-qubit Lyra system thereafter.
• Strategic Partnerships:
  • $35M equity investment and collaboration with Quanta Computer (April 2025) for hybrid quantum systems.
  • $5.8M contract from the U.S. Air Force Research Laboratory (September 2025) for superconducting quantum networking with QphoX.
  • $5.7M in purchase orders for Novera systems (September 2025), expanding commercial deployments.
  • MOU with India’s Centre for Development of Advanced Computing (CDAC) for hybrid quantum system co-development.

These wins, totaling around $12M in new commitments, suggest ~150% YoY revenue growth potential for 2025, highlighting rising enterprise and government demand for quantum technology.

IonQ (IONQ): The “Nvidia of Quantum”

IonQ’s trapped-ion quantum systems continue to impress, leveraging their room-temperature operation to deliver meaningful performance breakthroughs.

Highlights include:

• May 2025: Achieved #AQ 64 performance ahead of schedule on the Forte Enterprise system, enabling a 20x speedup in hybrid drug discovery simulations with AstraZeneca, Nvidia, and AWS.
• September 2025: Demonstrated photon frequency conversion for telecom-band integration — a key step toward a future quantum internet.
• Roadmap: IonQ’s Tempo system (targeted for 2025) aims for 100+ logical qubits by 2026, with CEO Niccolo de Masi comparing IonQ’s trajectory to Nvidia’s early GPU dominance.

The Tech Titans: AI-Driven Growth Continues

The broader basket’s performance has also been supported by Alphabet and Nvidia, both benefiting from sustained enthusiasm around AI and high-performance computing infrastructure.

Microsoft and Amazon have trailed slightly behind their Magnificent Seven peers, though upcoming Q3 2025 earnings could deliver strong catalysts for both.

Looking Ahead

Quantum computing remains one of the most transformative frontiers in technology — and 2025 has marked a clear inflection point where science is meeting commercial reality.

The performance of our Quantum Computing Basket demonstrates the power of identifying early movers in this rapidly evolving field — and reinforces HALO’s commitment to uncovering thematic investment opportunities that drive long-term growth.

Explore more insights like this from Clay Carter and the HALO Research Team — and discover how Thematic Portfolios can help position your investments for tomorrow’s biggest trends.