Deep Value Deep Tech: 5 Quantum Computing Stocks Investors Accidentally Dumped

2026 has been a special year for Quantum Computing, not just because of the technological developments and stock performance, but also because it is the year that has given us more quantum pure-plays in the form of fresh IPOs. Quantum Computing is one of those areas where the stock market keeps bouncing between severe pessimism and extreme optimism. The last week or so has given us the worst of these stocks, but none of the selling pressure was induced by company-specific news.

As a result, investors who dumped stocks in every sector helped provide attractive entry points for quantum computing stocks. Quantum computing stocks rallied in the middle of the year only to fall back sharply by the beginning of August. That’s when Gary Mobley, an analyst at Benchmark, pointed out the opportunity that this industry presents:

“We are bullish on the quantum computing sector. We see the legitimacy of the technology further building on the recent momentum. In quantum computing, it is not a ‘winner-takes-all’ situation. In these still early days of quantum computing, and prior to the broad achievement of QA, the best strategy for investors may be to take a portfolio approach to investing in the sector.”

When the market declined early last week because of the US election results, quantum stocks went down too, to the same level they were at when Mobley made the above comments. It is therefore worth revisiting his theses on these companies in order to capitalize on the opportunity. These companies are doing better than their stock’s price action suggests and are therefore worth a deeper look. However, if you want to capture growth without exposure to emerging technologies like quantum computing, you can also look at our 10 Best Growth Stocks to Buy for the Next Decade.

The top 5 stocks are provided below. If you’d like to see the full list, you can visit the 10 quantum computing stocks investors accidentally dumped.

Photo by Anton Maksimov juvnsky on Unsplash

Methodology

To come up with my list of 10 Quantum Computing Stocks Investors Accidentally Dumped, I looked at companies that derive a major portion of their revenue from quantum computing and are therefore pure-plays. These stocks were caught in the sell-off post Nov 3 mid-term elections and, with no change in the fundamentals of quantum computing, were dumped by investors purely due to the market-wide sell-off. I included companies with a market cap of at least $500 million to include companies that were listed this year and are still early in their growth phase. I then looked at the potential upside of these stocks according to the median analyst price target and ranked them in ascending order of their potential upside.

5. Infleqtion Inc. (NYSE:INFQ)

Potential Upside: 113.9%

Infleqtion Inc. (NYSE:INFQ) is another quantum stock where the share price has moved in the opposite direction from business progress. The neutral-atom quantum company went public in February 2026, and since then it has reached several important technology milestones. But the stock closed at $9.66 on November 9, after losing about 55% of its value from the 52-week high of $21.28. It was also 32.5% below its August 27 closing price of $14.32. Over the last 20 trading sessions, shares fell as low as $7.01. Meanwhile, second-quarter revenue rose 157% year over year, and the company achieved its 2026 logical-qubit target ahead of its third-quarter report. The selloff has left investors with exposure to a growing quantum company at less than half its previous peak price.

Read More: 10 Best 52-Week Low NASDAQ Stocks to Buy According to Billionaires.

Infleqtion has a more diversified revenue base than many companies focused purely on quantum computing. It also supplies quantum sensors, RF receivers, and atomic clocks, primarily to government agencies. These products generate revenue while its quantum computing business continues to develop. In the second quarter, the company generated $13.5 million in revenue, bringing its trailing twelve-month revenue to around $42 million.

4. Quantum Computing Inc. (NASDAQ:QUBT)

Potential Upside: 217.46%

Since late September, quantum stocks have faced heavy selling pressure. Wedbush Securities says the group, including Quantum Computing Inc. (NASDAQ:QUBT), has fallen around 25% to 40%. The firm attributes the weakness to share sales and the fact that much of the revenue arrives later in the year. However, it remains confident in the technology. This suggests the decline is driven by investor sentiment rather than problems with the underlying businesses.

Quantum Computing reflects the same pattern. The company reported record third-quarter revenue of $9.5 million, compared with $384,000 a year earlier. It also exceeded analyst expectations of $7.6 million. Most of the revenue came from photonics businesses acquired earlier this year. Beyond revenue, Quantum Computing has built a backlog of $39.1 million. Its new Dirac-3S machine is also expected to ship to its first customer this quarter. A deal with INmune Bio has also brought in the company’s first customer from the drug industry.

The biggest attraction is the gap between Quantum Computing’s cash position and its market value. The company has about $1.3 billion in cash and investments, compared with a market value of roughly $1.55 billion. That leaves investors paying relatively little for the underlying technology. However, if you prefer to buy stocks that have a lot going for them today instead of some future date, you can look at our 10 Stocks to Watch from Morgan Stanley’s Ultra-Selective Tailwinds Strategy.

3. D-Wave Quantum Inc. (NASDAQ:QBTS)

Potential Upside: 233.97%

D-Wave Quantum Inc. (NASDAQ:QBTS) shares dropped roughly 45% between the company’s August report and early November, despite continued progress in the business. Wedbush Securities has maintained its Outperform rating. However, the firm cut its price target from $37 to $30. The updated price target is still more than double the current share price. It also considers D-Wave one of the most attractive upside opportunities among the quantum companies it follows.

Analysts have been slashing price targets across the board for various reasons, some of which might be unwarranted: Analysts Just Slashed Their Price Targets on These 10 Stocks.

New customer commitments are supporting the company’s growth. First-half bookings, which included a system for Florida Atlantic University, rose to $35.5 million. Its backlog now sits at around $40.7 million. It has also delivered its 4,400-plus qubit Advantage2 computer to Italy. Swiss Quantum Technology backed the deal with a €10 million commitment for half the computer’s capacity over five years. D-Wave also extended its multi-year chip-making partnership with SkyWater after a joint test reduced factory delays by up to 30%.

Moreover, the company is advancing beyond its core business. Its gate-model simulator beta allows BBVA, Florida Atlantic University, and the Jülich Supercomputing Center to evaluate its error-correction approach early. Management expects most of this year’s revenue in the fourth quarter, when it plans to deliver two annealing systems.

2. Pasqal Holding SA(NASDAQ:PSQL)

Potential Upside: 236.32%

Despite starting with a strong rally, Pasqal Holding SA(NASDAQ:PSQL) experienced a sharp selloff shortly after going public. The company completed its SPAC merger with Bleichroeder Acquisition Corp. II on August 27, 2026. Just four days later, shares reached an intraday high of $24.69 before losing 54% over the next four trading sessions. By November 11, the stock had fallen to $4.46, down more than 80% from its all-time high and around 56% from its first-day closing price of $9.79.

However, Pasqal has made rapid progress in both its technology and commercial operations. On the technology side, the company successfully trapped 1,024 defect-free atoms, doubling its previous record. A new cryogenic design has also increased atom lifetimes by around 40 times. Meanwhile, trapping atoms on a photonic integrated circuit chip could allow Pasqal to reduce the optics required in its machines by up to 50 times.

These improvements are beginning to translate into commercial deployments. The company launched a 200-qubit system in Saudi Arabia with Aramco, integrated a 140-qubit processor with Italy’s Leonardo supercomputer. Its systems are also available through Google Cloud and Microsoft Azure.

Read More: 10 Latest Jim Cramer Stock Picks on Twitter and Mad Money.

1. Xanadu Quantum Technologies Limited (NASDAQ:XNDU)

Potential Upside: 691.37%

Xanadu Quantum Technologies Limited (NASDAQ:XNDU) has suffered the steepest decline among all the stocks on this list. The company went public in March 2026 through a merger with SPAC Crane Harbor Acquisition Corp. Its shares peaked at $42.44 but dropped to $2.80 on November 11, representing a loss of about 93%. Several events drove the decline. In May, shares dropped roughly 68% in premarket trading after Xanadu Quantum filed to register up to 293.66 million shares for resale by existing holders. The stock faced another wave of selling in September, when it fell around 56% during the month. This included a 21.6% decline on September 22, as the six-month lockup period expired. Notably, much of this selling pressure came from the availability of additional shares rather than weakness in the underlying business. That gap between the stock’s performance and its business prospects is one reason Wall Street sees the highest upside potential in Xanadu Quantum among the stocks on this list. Here are 10 more stocks that have a similar potential for the next 12 months: 10 Stocks That Could Skyrocket in 2027.

XNDU’s computers rely on photons, or particles of light, rather than other types of qubits. The company believes its technology could be easier to scale than competing approaches because photonic chips can be manufactured in conventional semiconductor fabs. Its October agreement with GlobalFoundries established a multi-year manufacturing partnership, while its work with ASML focuses on lithography processes for photonic hardware.

While we acknowledge the risk and potential of XNDU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on thebest short-term AI stock.

Click to continue reading and see the expanded list of 10 quantum computing stocks investors accidentally dumped.

This article is originally published at Insider Monkey.