摩根士丹利表示，量子计算可能在2040年成为年市值超过1000亿美元的市场。该银行将Quantinuum列为抓住该机遇的首选股票。
Morgan Stanley says quantum computing could become a market worth more than $100 billion annually by 2040. The bank named Quantinuum its top stock pick to capitalize on the opportunity.
这家投资银行将Quantinuum的评级从持平上调至增持，目标股价62美元，意味着较周三收盘价上涨约88%。
The investment bank upgraded Quantinuum to overweight from equal-weight, with a $62 price target implying roughly 88% upside from Wednesday's close.
摩根士丹利构建了专有框架，以衡量每家公司在技术进展、执行力、可制造性和进展的更广泛指标四个主要方面所展示的内容。
Morgan Stanley built its proprietary framework to judge each company on what it has demonstrated across four main areas: technical progress, execution, manufacturability and broader indicators of progress.
该银行更看重技术，因为它在那里找到了最强的证据和公司之间最清晰的差异。
The bank gave more weight to technology because that's where it found the strongest evidence and clearest differences between the companies.
“Quantinuum在技术和执行方面脱颖而出：它是纯量子计算公司中进展最快的，拥有最强的执行记录，然而市场给予其在我们2030年收入预测中的倍数在该组中最低，”分析师约瑟夫·摩尔在周四的报告中写道。
"Quantinuum stands out on technology and execution: it is furthest along among the pure plays and has the strongest execution record, yet the market assigns it the lowest multiple [on] our 2030 revenue in the group," analyst Joseph Moore wrote in a Thursday note.
QNT YTD mountain Quantinuum shares in 2026 然而，摩尔也警告称，不同的硬件方法使公司难以比较，且收入仍然太小，无法将它们区分开。
QNT YTD mountain Quantinuum shares in 2026 However, Moore also warns that different hardware approaches make companies hard to compare, and revenue is still too small to separate them.
该分析师称，如果“容错机器实现广泛商业采用”，量子计算市场可能从2030年约100亿美元增长到20240年超过1000亿美元。
The quantum computing market could grow to more than $100 billion by 20240 from roughly $10 billion in 2030 if "fault toleration machines reach broad commercial adoption", according to the analyst.
“还没有公司建造出一台，当前收入对投资者来说几乎无法说明这些企业最终会走向何方，”摩尔写道。
"No company has built one yet, and current revenue tells investors little about where these businesses end up," Moore wrote.
“公司路线图都指向2029-30年的早期容错系统，因此我们根据每家公司朝着该窗口期可信地推进的程度来评估股票。”
"Company roadmaps converge on early fault-tolerant systems in 2029-30, so we judge the stocks on how credibly each is progressing toward that window."
摩根士丹利预计，这家位于科罗拉多州的公司收入将从2028年约2.7亿美元飙升至2030年20亿美元。
Morgan Stanley expects the Colorado-based company's revenue to soar to $2 billion in 2030 from approximately $270 million in 2028.
该行分析师将2027年确定为行业的关键年份，Quantinuum的下一代Sol系统将成为“下一个最重要的硬件里程碑”。
The bank's analyst identified 2027 as a critical year for the industry, with Quantinuum's next-generation Sol system serving as "the next most important hardware milestone."