Quantum Stocks: February 2026 Outlook After January's Sell-Off

In January 2026, the quantum computing sector resumed one of its familiar rhythms — volatility. Pure-play names like IonQ IONQ, Rigetti Computing RGTI and D-Wave Quantum QBTS, which captured investor imagination with rapid gains in 2024–2025, witnessed significant sell-offs in the month. Particularly, late in January, all three slid substantially amid broader tech market jitters and risk-off sentiment as markets grappled with interest-rate uncertainty and geopolitical strains.In January, altogether, IONQ dipped 10.9% while RGTI and QBTS plunged 18% and 18.9%, respectively.Quantum Computing Stocks' January DeclineImage Source: Zacks Investment ResearchRisk-Off Sentiment Hits High-Beta Quantum in JanuaryThe January sell-off in quantum stocks was largely due to continued uncertainty around interest rates, as the U.S. Federal Reserve and other major central banks signaled that rate cuts would be slower and more dependent on incoming economic data. Elevated real yields reduced the attractiveness of long-duration assets, disproportionately pressuring speculative, pre-profit technologies such as quantum computing, whose valuations depend heavily on distant future cash flows.At the same time, geopolitical tensions, in the form of ongoing conflicts, renewed trade and tariff pressures and tighter controls on advanced technologies, raised concerns around supply chains, capital spending and international collaboration. In response, investors rotated toward defensive sectors and companies with clearer near-term earnings visibility, while high-risk innovation stocks experienced profit-taking and valuation compression. For quantum pure plays, whose valuations are tied more to future technological breakthroughs than current revenues, this macro backdrop amplified volatility and deepened January’s losses.February Outlook: Selective Stabilization AwaitsFor February 2026, the picture is expected to show selective stabilization rather than a broad-based rebound for quantum computing stocks. Market researchers indicate that while macro pressures remain largely unchanged, stock-specific developments are beginning to matter more. IonQ’s late-January announcement of the $1.8 billion SkyWater acquisition briefly supported sentiment, with analysts expecting that vertical integration and stronger exposure to government and defense contracts could improve long-term execution visibility, even as near-term profitability risks persist. Based on short-term price targets offered by 12 analysts, the average price target for IonQ represents an increase of 74.61% from the last closing price of $43.24. The stock currently carries a Zacks Rank #3 (Hold).Image Source: Zacks Investment ResearchD-Wave has also witnessed incremental positives entering February, supported by recently disclosed $30 million in commercial and academic contracts and growing enterprise traction for its Advantage2 system, which helped its shares stabilize after January’s pullback. Based on short-term price targets offered by 14 analysts, the average price target represents an increase of 73.8% from the last closing price of $23.22. The stock currently carries a Zacks Rank #3.Image Source: Zacks Investment ResearchRigetti, by contrast, has entered February with fewer near-term catalysts, leaving its stock more exposed to macro sentiment. Public commentary continues to frame Rigetti primarily as a longer-duration technology development story, with progress tied to roadmap execution, system scaling and customer adoption rather than immediate revenue acceleration. Based on short-term price targets offered by 10 analysts, the average price target represents an increase of 103% from the last closing price of $19.85. The stock currently carries a Zacks Rank #3.Image Source: Zacks Investment ResearchConclusionValuations for quantum pure plays continue to be highly sensitive to interest-rate expectations and overall risk appetite, limiting upside potential unless macro conditions improve meaningfully. As a result, February 2026 is widely viewed as a consolidation phase, with scope for short-term, stock-specific relief rallies driven by company news, but no clear evidence yet of a sector-wide recovery from January’s losses or clearer monetary policy visibility. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.#1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report IonQ, Inc. (IONQ): Free Stock Analysis Report Rigetti Computing, Inc. (RGTI): Free Stock Analysis Report D-Wave Quantum Inc. (QBTS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks