Market snapshot, not real-time
S&P 500 (SPY) $748.62 +0.88% Nasdaq-100 (QQQ) $708.90 +1.85% Dow (DIA) $522.55 +0.89% Russell 2000 (IWM) $295.82 +1.20% 10-Year Treasury (IEF) $93.32 −0.23% Crude Oil (USO) $128.37 +2.28% Gold (GLD) $373.85 +1.70% US Dollar Index (UUP) $28.45 +0.23% Volatility (VXX) $21.29 −3.77% Semiconductors (SMH) $583.24 +4.37% Silver (SLV) $53.36 +4.67% Emerging Markets (EEM) $65.45 +2.97% Bitcoin (BTC) $66,470.13 +1.90% Ethereum (ETH) $1,922.88 +1.00% S&P 500 (SPY) $748.62 +0.88% Nasdaq-100 (QQQ) $708.90 +1.85% Dow (DIA) $522.55 +0.89% Russell 2000 (IWM) $295.82 +1.20% 10-Year Treasury (IEF) $93.32 −0.23% Crude Oil (USO) $128.37 +2.28% Gold (GLD) $373.85 +1.70% US Dollar Index (UUP) $28.45 +0.23% Volatility (VXX) $21.29 −3.77% Semiconductors (SMH) $583.24 +4.37% Silver (SLV) $53.36 +4.67% Emerging Markets (EEM) $65.45 +2.97% Bitcoin (BTC) $66,470.13 +1.90% Ethereum (ETH) $1,922.88 +1.00%
AEACapital Research

Independent student research — not an investment firm or financial advice

Competitive Comparison

IonQ vs. Rigetti Computing

A watchlist comparison of two publicly traded quantum-computing companies pursuing different hardware approaches — trapped-ion versus superconducting qubits.

MetricIonQ (IONQ)Rigetti Computing (RGTI)
PEG ratio0.55N/A (unprofitable, negative earnings)
FY26 Adj. EBITDAguidance ($310)–($330)M lossnot disclosed; EV/EBITDA not available
Market cap$16.71B$4.88–5.5B

Market cap, compared

IONQ
$16.71B
RGTI
$5.19B

Same Market cap figures as the table above, plotted for a direct read. Bold = held in this book.

Market cap, P/E, PEG, EV/EBITDA, and capex sourced via public filings and financial-data aggregators (GuruFocus, StockAnalysis, company earnings releases), as of July 2026. PEG ratio sourced primarily from GuruFocus where available; different providers use different growth-rate assumptions, so figures elsewhere for the same stock can vary by several multiples. Gold-highlighted column(s) indicate the name(s) actually held in this book.

Why neither is in the book

IonQ uses trapped-ion qubit technology; Rigetti uses superconducting qubits — a genuine technical fork in how each company is trying to get to fault-tolerant quantum computing, with no consensus yet on which approach wins long-term. Both are pre-commercial-scale, deeply unprofitable businesses priced almost entirely on the size of the eventual quantum-computing market rather than current financials, which is exactly the kind of thesis I don't have enough conviction to underwrite yet. Both stay on the watchlist rather than the book until there's a clearer technical or commercial signal from either company.