Quantum computing has arrived.
Yesterday, Google (GOOG) unveiled a quantum computing chip.
According to the company, the chip allowed a quantum computer to solve an extremely complex mathematical equation in just five minutes.
A “normal” supercomputer would have taken 10 septillion years to solve the same problem. That’s longer than the universe has existed for!
Needless to say, this is a breakthrough moment.
Shares of Google ripped 5.3% higher on the news.
That’s a huge move for a mega-cap stock. But it was nothing compared to what we saw in smaller, more speculative quantum computing stocks.
Rigetti Computing (RGTI)—a $1.6 billion quantum computing stock—rallied 45% yesterday on the news!
With explosive moves like this, you might think this news came out of the blue. But the “smart money” saw this coming. In fact, they’d been loading up on quantum computing stocks for months.
You see, quantum computing stocks have been basing for months—and in some cases, well over a year.
Many even “front ran” the big news from Google.
Consider RGTI. It’s surged 330% over the past month and 707% over the past three months.
Quantum Computing (QUBT)—another name in the space—has soared 751% over the past three months, while D-Wave Quantum (QBTS) has nearly 4X’d over the past three months.
These are obviously monster returns. But the price action itself is quite common.
You see, markets are forward-looking.
They sniff out big news before it happens.
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In other words, quantum computing stocks front ran this huge announcement from Google.
Now that the news has broken, you can probably guess what quantum computing stocks are doing...
They’re selling off hard!
QUBT is down 17% on the day as I write this. QBTS is down 14%.
Even IonQ (IONQ)—the big, liquid leader of speculative quantum computing stocks—is getting slammed. It’s down 10% on the day and is now trading 23% below its recent highs.
The takeaway here is obvious: You want to buy stocks before the big news comes out. Otherwise, you’ll end up becoming someone else’s “exit liquidity.”
So how do you do this, exactly?
Well, the way I do it is by reading charts.
It’s how I tipped off my subscribers in RiskHedge Live to opportunities in IONQ, RGTI, and QBTS before those stocks went parabolic.
In my RiskHedge Live trading room, I show you exactly how to spot explosive opportunities like quantum computing before they hit the mainstream. You’ll get real-time access to my trading recommendations and insights into the most promising market leaders.
Go here to see if RiskHedge Live is right for you.
Justin Spittler
Chief Trader, RiskHedge
