To The Moon

The thing about investing in the US market is that one never really knows about the countless other stocks out there until they somehow cross one's path.

When that happens, more often than not, the stock would have already shot up, catching the attention of the mainstream media along the way.

The stock I am sharing below is one such “under the radar” and what’s more, homegrown stock.

While the tech giants dominate the daily financial headlines, a quiet shift is happening beneath the surface of the sector.

Beyond the standard semiconductor and software plays, a new wave of computational power is beginning to seriously attract sovereign and institutional interest.

Quantum - the next Wave.

Quantum computers have arrived on the heels of the artificial intelligence (AI) frenzy, and the timing couldn't be better.

After governments around the world invested in AI, they are now doing the same with quantum technologies —a global trend Singapore is aggressively pursuing to secure its position as a leading digital hub.

Quantum machines represent a technological breakthrough, potent in their ability to apply quantum mechanics to perform calculations in minutes that would take today's supercomputers centuries.

However, they remain unproven on a large commercial scale, drawing similar comparisons to the 1980s era of emerging personal computing (PC).

Investors who bought $Microsoft(MSFT)$ at its initial public offering (IPO) price of $21 back in 1986 have enjoyed robust gains when shares rose over 100-fold (or +10,000%) in the decade after its IPO.

$Horizon Quantum Holdings LTD(HQ)$ is a Singapore-based quantum software company that aims to define the quantum industry.

It went public in early 2026 via a SPAC merger with dMY Squared Technology Group on 19 Mar 2026 and commenced trading on Nasdaq the next day under ticker HQ.

If it succeeds in its goal to become the software system of choice, HQ could serve a role similar to MSFT's Windows operating system in the 1980s, that continues to dominate the PC market to this day.

HQ’s Value Propositions.

Below, we take a deeper look into HQ's fundamentals to evaluate whether buying shares makes sense at this early stage.

(1) Competitive differentiation.

HQ's focus on quantum computing software is a key distinction.

Many pure-play quantum companies in the sector are working on hardware, leaving a market gap that HQ aspires to fill.

As the only public enterprise dedicated to software for the industry, HQ's strength lies in its first-mover advantage, and its pitch is centered on making quantum software more accessible and portable for developers.

At the heart of its offerings is the Triple Alpha platform, an integrated development environment (IDE), built to let users code, compile, optimize and deploy quantum applications across different hardware backends.

Designed to enable any software developer to use quantum computers, even without experience with the technology through HQ’s proprietary languages Helium & Hydrogen, that let users work at different levels of abstraction.

It is meant to work with any type of quantum computer including both real quantum processors and simulators.

This is significant because businesses in the space currently are using different methodologies to perform quantum calculations, so portability is still a major industry problem.

For Triple Alpha to become the leading software system, it needs to be hardware-agnostic to attract users, and its compiler is designed to translate architecture-agnostic code into processor-optimized instructions.

To that end, HQ has purchased a quantum computer from $IONQ Inc.(IONQ)$ , a leader in ion-based technology to expand hardware access and test compatibility across different architectures.

The company focuses on compatibility with quantum computers employing superconducting qubits while also supporting ion-trap systems and broader cross-platform deployment.

This approach is one of the industry's older, widely used techniques to execute calculations and superconducting hardware remains one of the most common quantum-computing architectures.

Purchasing IONQ's device enables HQ to extend its software compatibility to ion-based machines while also validating portability across multiple hardware families.

(2) Soaring share price.

HQ went public on 20 Mar 2026, opening at $12 per share.

On 22 Jun 2026, it has rocketed as high as $45 per share. (see above)

Since then, it has moderated trading with a tight band of between $22 & $31; with trading volume averaging at a ‘sustainable’ half a million.

Catalysts.

(1) Quantum executive order.

The main impetus was Trump's 22 Jun 2026 executive order establishing new initiatives to drive US leadership in quantum computing, which the White House said would:

• Update the National Quantum Strategy.

• Coordinate multiple federal agencies.

• Launch a national effort to build the first quantum computer powerful enough for scientific discovery and commercial applications by around 2028. (see below)

This news galvanized investor excitement across the quantum sector, as the market interpreted Trump’s executive order as a stronger federal commitment to commercialization, domestic supply chains, workforce development, and quantum-safe cybersecurity.

This has swept up HQ's stock with it, with broader quantum names also rallied sharply on the same policy catalyst.

(2) Needham coverage.

Another catalyst was investment bank Needham initiating coverage on 10 Jun 2026.

It rated HQ stock a ‘Buy’, with a price target of $20 per share, implying meaningful upside from the prevailing share price at the time. (see below)

The firm noted that focus is on making quantum programming as intuitive as classical systems by lowering the barrier for developers who do not have deep quantum expertise.

Analyst said the firm sees a coming ‘platform layer’ as the industry approaches commercial advantage, suggesting the value chain may shift from hardware alone toward (i) software infrastructure, (ii) developer tools, and (iii) workflow orchestration.

Needham's analyst recognized the company's first-mover advantage as a factor in the recommendation, alongside its attempt to position Triple Alpha as a hardware-agnostic development environment.

Investment Risk/s.

Without sugar coating, HQ as a newbie stock comes with its inherent risks.

Financial.

HQ's recent share spike was more about future potential than today's financial performance.

This is because, the company reported no revenue in Q1 2026.

Yet, operating expenses totaled $6.5 million, that is up +38.30% YoY , from Q1 2025’s $4.7 million.

Thanks to its IPO, HQ exited Q1 2026 with $96.6 million in cash & equivalents. These funds should sustain operations for a time, while it works to secure sales and generate revenue.

Without a doubt, its operating expenses are likely to continue growing.

On 11 Jun 2026, HQ announced it was opening a research center in Ireland (see above) and it will:

• House the quantum computer purchased from IONQ.

• Require new staff to oversee the device.

HQ will also need to expand its employee base and equipment if it wants to adopt other types of quantum computing technology.

For instance, it may include the neutral-atom technology backed by Infleqtion and the photonic quantum computers used by Xanadu Quantum Technologies, both were recent IPO stocks.

All above activities, will further add to operating expenses in the coming quarters.

Right time to invest ?

Given HQ’s (a) lack of revenue and (b) rising costs, an investment at this early stage is very risky and only suited to those with a bigger risk appetite and willing to take big chances, hoping HQ will become the next MSFT.

A key reason is quantum computers are not ready for widespread commercial use. To get there, the industry as a whole must overcome some of the existing challenges.

For instance, quantum machines using superconducting qubits require special cryogenic equipment to keep temperatures colder than outer space.

This means they are expensive and require precise calibration and maintenance, making them impractical for widespread adoption.

Businesses in the quantum sector are racing to make their computers more efficient & cost-effective. HQ's role on the software side is a piece of that.

With the stock trending down since hitting $45 on 22 Jun 2026, a more prudent approach is not to rush.

Instead, wait for subsequent earnings reports to gain further insights into how HQ's business is progressing. It is only prudent & logical. Agree ?

Remember to check out my other posts. (See below). Help to Repost ok, Thanks.

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• Do you think we should support HQ a homegrown quantum stock ?

• Do you think a non-US company with first-mover advantage will be accepted in the US that is progressively looking inwards?

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