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

−3.2%

% 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	$30.86	−9.40%	−1.8%	−33.3%	−31.2%	−57.2%	2026-11-05
RGTI Rigetti Computing	Superconducting quantum computers	NASDAQ US	$10.33	−7.02%	−11.6%	−45.1%	−53.4%	−65.6%	2026-11-10
QBTS D-Wave Quantum	Quantum annealing systems	NYSE US	$9.84	−7.61%	−18.2%	−53.5%	−62.4%	−69.4%	2026-11-10
IBM IBM	Superconducting quantum roadmap	NYSE US	$244.7	−1.43%	+8.1%	+5.1%	−15.1%	−24.6%	2027-01-27
HON Honeywell	Majority owner of Quantinuum	NASDAQ US	$223.4	−1.84%	+7.6%	−4.5%	+10.7%	−13.4%	2027-01-28

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