来自 Maksym Misichenko · Nasdaq ·
AI智能体对这条新闻的看法
Infleqtion 的兼并前财务状况有些模糊。但在 2025 年，它产生了 3250 万美元的收入。分析师预计，随着其获得更多政府合同并扩大其新兴的量子计算系统业务，这一数字将在 2028 年增长到 6940 万美元以上。
风险: 然而，Infleqtion 亏损严重，并且已经以 2028 年销售额的 37 倍估值进行交易。这种高市盈率表明，在其公开上市时，其股票中已经包含了过多的增长预期。作为一家利基的量子传感器和计时产品制造商，它获得的关注少于像 **IonQ** 这样的全功能量子计算系统制造商。
机会: 更好的选择：英伟达
本分析由 StockScreener 管道生成——四个领先的 LLM（Claude、GPT、Gemini、Grok）接收相同的提示，并内置反幻觉防护。 阅读方法论 →
Nvidia still has plenty of irons in the fire as the AI boom continues.
Infleqtion is carving out a niche in the quantum market, but its stock is expensive.
The artificial intelligence (AI) and quantum computing markets have both grown rapidly in recent years. AI companies are reshaping the world by optimizing, accelerating, and automating various tasks, and they’re changing how people create and consume content. Quantum computers, which can process certain computing tasks much faster than classical computers, are expanding beyond niche research projects toward more commercial applications.
Nvidia (NASDAQ: NVDA) and Infleqtion (NYSE: INFQ) represent two ways to invest in these expanding markets. Nvidia is the world’s largest producer of data center GPUs, which top AI companies use to train their large language models (LLMs) and AI algorithms. Over the past 12 months, Nvidia’s stock has risen nearly 80% as its GPU sales soared.
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Infleqtion is an emerging producer of quantum-enabled sensors and precision timers, and it’s building its own quantum computing systems. It went public through a merger with a special purpose acquisition company (SPAC) this February, but its stock has declined 16% since its market debut. Let's see why the AI leader outperformed the quantum upstart -- and if the former will remain the better growth play for the foreseeable future.
From fiscal 2016 to fiscal 2026 (which ended this January), Nvidia’s revenue and net income grew at CAGRs of 45% and 69%, respectively. Most of that growth spurt was driven by new generative AI applications, which supported the rapid expansion of the AI market.
Nvidia provides the best "picks and shovels" for training AI algorithms, and its proprietary software platform locks in its customers. It now controls over 90% of the discrete GPU market, while its top competitor, AMD, holds a single-digit share.
Nvidia maintained its lead through its Turing (2019), Ampere (2020), Hopper (2022), and Blackwell (2024) chip architectures. It will launch its next chip architecture, Rubin, in the second half of 2026. Its pricing power improved as it dominated the growing AI training market, which boosted its gross margin from 51.6% in fiscal 2016 to 71.1% in fiscal 2026.
From fiscal 2026 to fiscal 2029, analysts expect Nvidia’s revenue and EPS to both grow at CAGRs of 39%. Those are incredible growth rates for a stock that trades at 25 times this year’s earnings. While Nvidia faces some competition in the data center market from custom AI chips for inference tasks, it’s still one of the easiest ways to profit from the AI market’s long-term growth. That’s probably why it crushed the market over the past year.
Infleqtion refrigerates neutral atoms and manipulates them with lasers to make quantum calculations. It uses that technology to create quantum sensors and timing products, including atomic clocks, gravimeters, and inertial navigation systems.
These devices can be used for navigation without GPS, subsurface mapping for locating resources, and improving wireless communications with more precise timing signals. DARPA, NASA, and other government agencies are buying these sensors and timing products because traditional GPS, communications, and radar systems can be easily disrupted. Most of Infleqtion’s revenue comes from these government contracts.
Infleqtion’s pre-merger financials are a bit murky. But in 2025, generated $32.5 million in revenue. Analysts expect that figure to more than double to $69.4 million in 2028 as it secures more government contracts and expands its fledgling quantum computing systems business.
However, Infleqtion is deeply unprofitable, and it already trades at 37 times its 2028 sales. That high price-to-sales ratio suggests too much growth was already baked into its stock upon its public debut. As a niche maker of quantum sensors and timing products, it’s also attracting less attention than builders of full-fledged quantum computing systems like IonQ.
I believe Nvidia will still outperform Infleqtion this year for four reasons: it’s growing faster, its moat is wider, its profits are soaring, and it’s more reasonably valued. Infleqtion might be worth nibbling on as a speculative play on the nascent quantum computing market. Still, it probably won't grow into its valuations and rally until it proves its business model is sustainable.
Before you buy stock in Infleqtion, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Infleqtion wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $496,473! Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,216,605!
Now, it’s worth noting Stock Advisor’s total average return is 968% — a market-crushing outperformance compared to 202% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
**Stock Advisor returns as of May 3, 2026. *
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, IonQ, and Nvidia. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
四大领先AI模型讨论这篇文章
"Infleqtion 冷却中性原子并用激光操纵它们来进行量子计算。它使用这项技术来创建量子传感器和计时产品，包括原子钟、重力仪和惯性导航系统。"
将英伟达与 Infleqtion 进行比较是一种分类错误。英伟达是拥有现金流的巨头，以 25 倍的远期市盈率交易，考虑到其 39% 的 EPS 增长预测，这被认为是合理的。它实际上是人工智能时代的“公用事业”。相反，Infleqtion 是一种高 Beta、兼并前规模的投机性游戏。本文正确地指出了估值差距，但忽略了结构性风险：英伟达的硬件主导地位面临着“规模经济规律”的问题，即随着推理转向定制硅 (ASIC) 和边缘计算，维持 70%+ 的毛利率变得更加困难。Infleqtion 虽然价格昂贵，但却是量子专用 PNT (位置、导航和计时) 技术领域的利基市场，而不仅仅是一个研究项目。
从 2026 年到 2029 年，分析师预计英伟达的收入和 EPS 都会以 39% 的复合年增长率增长。即使考虑到今年市盈率为 25 倍，这些也是令人难以置信的增长率。虽然英伟达在数据中心市场面临来自定制人工智能芯片在推理任务方面的竞争，但它仍然是获利于人工智能市场长期增长的最简单方式之一。这大概就是它在过去一年中击败了市场的原因。
"然而，Infleqtion 亏损严重，并且已经以 2028 年销售额的 37 倍估值进行交易。这种高市盈率表明，在其公开上市时，其股票中已经包含了过多的增长预期。作为一家利基的量子传感器和计时产品制造商，它获得的关注少于像 **IonQ** 这样的全功能量子计算系统制造商。"
这些设备可用于无需 GPS 的导航、用于寻找资源的地质勘探以及通过更精确的计时信号来改善无线通信。DARPA、NASA 和其他政府机构正在购买这些传感器和计时产品，因为传统的 GPS、通信和雷达系统很容易受到干扰。Infleqtion 的大部分收入来自这些政府合同。
Infleqtion 的兼并前财务状况有些模糊。但在 2025 年，它产生了 3250 万美元的收入。分析师预计，随着其获得更多政府合同并扩大其新兴的量子计算系统业务，这一数字将在 2028 年增长到 6940 万美元以上。
"您现在应该购买 Infleqtion 的股票吗？"
更好的选择：英伟达
我认为英伟达将在今年继续优于 Infleqtion，原因有四：它增长更快，其护城河更宽，其利润飙升，并且估值更合理。Infleqtion 也许值得作为对新兴量子计算市场的投机性赌注进行小试，但它可能不会在证明其业务模式的可持续性之前实现其估值并出现反弹。
"考虑一下 **Netflix** 在 2004 年 12 月 17 日被列入此名单时……如果您当时投资了 1,000 美元，**您将拥有 496,473 美元**！* 或者考虑一下 **Nvidia** 在 2005 年 4 月 15 日被列入此名单时……如果您当时投资了 1,000 美元，**您将拥有 1,216,605 美元**！*"
在您购买 Infleqtion 的股票之前，请考虑以下事项：
*Motley Fool Stock Advisor* 分析师团队刚刚确定了他们认为投资者现在应该购买的 **10 支最佳股票**……而 Infleqtion 并不在其中。这些股票可能会在未来几年产生巨大的回报。
"**Stock Advisor 的回报率截至 2026 年 5 月 3 日。*"
现在，值得注意的是 *Stock Advisor* 的总平均回报率为 968%——与标准普尔 500 指数 202% 相比，这是一个击败市场的出色的表现。**不要错过最新的前 10 名名单，该名单可与 Stock Advisor 一起使用，并加入由个人投资者为个人投资者建立的投资社区。**
"在此包含的观点和意见是作者的观点和意见，不一定代表纳斯达克公司的观点。"
*Leo Sun 没有持有任何提到的股票。Motley Fool 持有并推荐 Advanced Micro Devices、IonQ 和 Nvidia。Motley Fool 有一份披露政策。*
"从 2026 年到 2029 年，分析师预计英伟达的收入和 EPS 都会以 39% 的复合年增长率增长。即使考虑到今年市盈率为 25 倍，这些也是令人难以置信的增长率。虽然英伟达在数据中心市场面临来自定制人工智能芯片在推理任务方面的竞争，但它仍然是获利于人工智能市场长期增长的最简单方式之一。这大概就是它在过去一年中击败了市场的原因。"
将英伟达与 Infleqtion 进行比较是一种分类错误。英伟达是拥有现金流的巨头，以 25 倍的远期市盈率交易，考虑到其 39% 的 EPS 增长预测，这被认为是合理的。它实际上是人工智能时代的“公用事业”。相反，Infleqtion 是一种高 Beta、兼并前规模的投机性游戏。本文正确地指出了估值差距，但忽略了结构性风险：英伟达的硬件主导地位面临着“规模经济规律”的问题，即随着推理转向定制硅 (ASIC) 和边缘计算，维持 70%+ 的毛利率变得更加困难。Infleqtion 虽然价格昂贵，但却是量子专用 PNT (位置、导航和计时) 技术领域的利基市场，而不仅仅是一个研究项目。
"这些设备可用于无需 GPS 的导航、用于寻找资源的地质勘探以及通过更精确的计时信号来改善无线通信。DARPA、NASA 和其他政府机构正在购买这些传感器和计时产品，因为传统的 GPS、通信和雷达系统很容易受到干扰。Infleqtion 的大部分收入来自这些政府合同。"
Infleqtion 冷却中性原子并用激光操纵它们来进行量子计算。它使用这项技术来创建量子传感器和计时产品，包括原子钟、重力仪和惯性导航系统。
Infleqtion 的兼并前财务状况有些模糊。但在 2025 年，它产生了 3250 万美元的收入。分析师预计，随着其获得更多政府合同并扩大其新兴的量子计算系统业务，这一数字将在 2028 年增长到 6940 万美元以上。
更好的选择：英伟达
然而，Infleqtion 亏损严重，并且已经以 2028 年销售额的 37 倍估值进行交易。这种高市盈率表明，在其公开上市时，其股票中已经包含了过多的增长预期。作为一家利基的量子传感器和计时产品制造商，它获得的关注少于像 **IonQ** 这样的全功能量子计算系统制造商。