(SeekingAlpha) Chetan Woodun, specializing in Investment Research and Analytics from the IT perspective at Keylogin Information and Technologies Co. Ltd,; has provided a review in Seeking Alpha of the Defiance Quantum ETF (NYSEARCA:QTUM). IQT News summarizes here.
The Defiance Quantum ETF (NYSEARCA:QTUM). is comprised of listed companies engaged in R&D and looking for commercialization opportunities in quantum computing (QC). The fund managers further add that their holdings operate in “advanced traditional computing hardware, high-powered computing data connectivity solutions and cooling systems”. The fund also includes companies that work with big data, artificial intelligence (“AI”), and machine learning (“ML”).
Investors are highly attracted to QC as seen by the number of venture capital funds flocking to support start-ups that want to “revolutionize” traditional computing with new processors, software, or quantum sensors. According to PitchBook, 34 deals had raised more than $1019 million in the first eight months of 2021. That is nearly 50% more than in 2020 and superior to the combined amount for the 2015-2019 period.
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Still, when considering some of the deals listed in PitchBook, it is evident that their sizes (deal amounts) are going up, from $79 million for Rigetti in 2020 to above $100 million for Xanadu and $450 million for PsiQuantum, both in 2021. Exploring the Rigetti deal further, the company which makes quantum hardware, announced a $1.5 billion merger with Supernova Partners Acquisition Company II (NYSE:SNII). Now, for those who want to take full advantage of the potential offered by the dynamic quantum computing ecosystem, without necessarily having to embark on the SPAC route, there is an easier and more convenient way in the form of QTUM writes Woodun.