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

−15.8%

% 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	$30.04	−5.30%	−31.7%	−22.7%	−33.0%	−58.3%	2026-11-05
RGTI Rigetti Computing	Superconducting quantum computers	NASDAQ US	$11.25	−6.72%	−28.0%	−29.8%	−49.2%	−74.6%	2026-11-10
QBTS D-Wave Quantum	Quantum annealing systems	NYSE US	$10.65	−7.87%	−35.7%	−46.7%	−59.3%	−71.3%	2026-11-10
IBM IBM	Superconducting quantum roadmap	NYSE US	$257.8	−0.18%	+14.3%	+14.7%	−11.2%	−21.1%	2026-10-21
HON Honeywell	Majority owner of Quantinuum	NASDAQ US	$218.3	−1.72%	+2.1%	−11.3%	+8.2%	−15.4%	2026-10-22

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