He Turned $15M into $270M With One Quantum Trade… Now He’s Whispering a New Name With $16.4M

He Turned $15M into $270M With One Quantum Trade… Now He’s Whispering a New Name With $16.4M

You ever have that one parent… probably your mom… who always knew you did something dumb before you even opened your mouth? No witnesses. No evidence. Just that sixth sense. You’d walk in the door, and she’d hit you with, “What did you do?” Like she had a direct line to your guilty conscience.

Quantum Trade

Well, meet Israel Englander… billionaire hedge fund legend and founder of Millennium Management. And the more I look into him, the man has a similar sixth sense… but for stocks. When he makes a move, Wall Street pays close attention… because he’s not playing hunches. He’s playing on a completely different level right now (kind of like the OKC Thunder in the NBA playoffs). And right now, his latest move has people talking.

Let me rewind. In late 2024, Englander scooped up 1.41 million shares of Rigetti Computing for around $15 million. Then the stock shot from $1 to $18 like in a matter of weeks.

Quantum Trade

Instead of getting greedy, he pulled the ripcord… selling 80% of his position and locking in a mind-blowing 1,700% gain. Talk about textbook trade execution. Then, with the poise of someone who’s done this a hundred times (because he has), Englander rotated into D-Wave Quantum Computing… buying 2.27 million shares worth $16.4 million.

Quantum Trade

Remember, Quantum computing isn’t just one of the next big things… it’s THE big thing. Imagine solving problems in seconds that would take today’s fastest supercomputers centuries. We’re talking drug discovery, financial modeling, AI training, cybersecurity, clean energy… all made faster, smarter, and more efficient.

Quantum Trade

Governments are piling in, too. Over 30 nations have pledged $40+ billion to quantum R&D. And analysts are forecasting an $850 billion market by 2040. So yeah… when Englander plants his flag in quantum, he’s not simply chasing the hype. I guess you could say he sees the writing on the motherboard.

Quantum Trade

Since his buy, D-Wave has exploded from under $1 to $18.60 and it’s still climbing (almost identical to his Riggetti trade). What’s driving the growth though? Advantage2, D-Wave’s new sixth-gen quantum computer, just dropped and CEO Alan Baratz called it a system that can solve problems even top classical supercomputers can’t handle. Revenue growth is up 503% YoY to $15M. And EPS loss of just $0.02 beating estimates by three cents.

Quantum Trade
Analyst upgrades are starting to pile up. Roth Capital recently initiated coverage with a Buy rating, while Benchmark followed with its own Buy. In total, six analysts now rate the stock a Buy, signaling growing confidence in its upside. After all, the stock is up 133% over the last month. 

Quantum Trade

Even though Englander sold most of his Rigetti position, he held onto 20% and that might still pay off. The stock has rebounded from $6 back to $14.02. Five analysts still rate it a Buy. Price targets range from $16 to $18… and some think a retest of its highs isn’t out of the question. Yes, it trades at an eye-watering 290x sales, but welcome to early-stage quantum tech. 

Stock.News does not have positions in companies mentioned.