Quantum Stocks Set for Strong Q2 Earnings, Triple-Digit Price Target

Quantum stocks set for strong Q2 earnings, triple-digit price target comes amid a July pullback that reflects profit-taking rather than deteriorating fundamentals. After an “explosive” second quarter, pure-play companies including Rigetti Computing (RGTI), Quantum Computing Inc. (QUBT), D-Wave Quantum (QBTS), and IonQ (IONQ) have retreated as investors rotated away from high-beta tech. Zacks’ short-term targets still imply triple-digit upside, underscoring Wall Street optimism despite the recent selloff. The article attributes the decline to macro concerns about whether AI infrastructure spending can sustain and to broad valuation caution after strong Q2 performance. It notes the Defiance Quantum ETF (QTUM) fell nearly 12% from June 1 to July 23. It cites the ISM Manufacturing PMI easing to 53.3 in June from 54.0 in May, remaining above 50.