US · Hot AI Themes

Quantum Hardware & Cryogenics

Qubits need dilution refrigerators, helium-3, precision lasers and control electronics — all small, specialised supply chains.

Cryogenics→Qubits→Control→Algorithms

Tightness score ⓘ

#55 of 56

■ Stable

Supply concentration3

Lead time5

Capex intensity4

Geopolitical exposure3

Pricing power2

Lead time

36–120 mo

Theme 1M

−16.0%

% in uptrend

40%

Metric to watch

Logical-qubit milestones, error rates, and dilution-fridge supply.

What would prove us wrong

Strengthens if error-corrected logical qubits scale on public roadmaps.

Dependencies

Equal-weight · rebased 100 · 1Y

Stocks we track

Who controls this bottleneck

Roles, not recommendations. Delayed prices; local currency.

Stock	Role	Listing	Last	1D	1M	3M	YTD	Off 52w high	Next earnings
IONQ IonQ	Trapped-ion quantum computers	NYSE US	$31.15	−0.38%	−31.5%	−8.1%	−30.6%	−56.8%	2026-11-05
RGTI Rigetti Computing	Superconducting quantum computers	NASDAQ US	$11.52	−0.04%	−30.9%	−20.7%	−48.0%	−74.0%	2026-11-10
QBTS D-Wave Quantum	Quantum annealing systems	NYSE US	$11.65	−0.09%	−33.1%	−33.9%	−55.5%	−68.6%	2026-11-05
IBM IBM	Superconducting quantum roadmap	NYSE US	$252.4	−0.45%	+11.9%	+11.7%	−13.1%	−22.8%	2026-10-21
HON Honeywell	Majority owner of Quantinuum	NASDAQ US	$219.8	−0.60%	+3.4%	−10.8%	+8.9%	−14.8%	2026-10-22

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