Europe’s High-Tech Response to the American Quantum Boom 🇪🇺⚡

First off, a big thank you goes out to my buddy @Multibagger .

He recently brought this hot topic to our attention. A promise is a promise, buddy—here’s the no-holds-barred in-depth analysis of Scandinavia’s quantum hope!

$IQMX (+2,57%)
$RAAQ (-0,42%)

1. What the Company Does & Its History

IQM Quantum Computers was founded in 2018/2019 as a spin-off of Aalto University and the Finnish government-funded research center VTT in Espoo. While U.S. heavyweights like IBM and Google primarily work on universal supercomputers, IQM focuses on so-called “application-specific” quantum computers. They connect superconducting qubits directly to custom-built software to solve complex industrial problems (e.g., materials science, chemistry, logistics) more efficiently.

Through its recent merger with the special purpose acquisition company Real Asset Acquisition Corp , the company has become investable for us via a sponsored ADR in the U.S. ($RAAQ) and, in parallel, through a dual listing on its home exchange in Helsinki ($IQMX). This makes IQM the first true European quantum pure play on the stock market.

Addition by @Multibagger (Thanks for that)

I’d like to add one or two more points.

Very important point 1.

The systems are self-contained and completely independent of any remote cloud controlled by third parties.

This is where IQM’s business model comes into play. The company delivers the closed hardware systems directly to its customers’ basements. These so-called on-premises systems operate completely autonomously. There is no connection to a

third-party cloud. A data outflow overseas is physically impossible. This model effectively guarantees IQM a politically protected monopoly in Europe for security-critical tenders.

Foreign competitors are kept out for data protection reasons. 2.) They have cash reserves of €337 million. 3.) They are not resting on their laurels in Europe. Oak Ridge National Laboratory, the U.S. Department of Energy’s largest research laboratory, has ordered a system from the Munich-based company. CEO Goetz aims to have half of the company’s revenue come from Europe and half from the U.S. within five years

. I find the stock extremely exciting from a 3- to 5-year perspective.

2. Key Figures / Data / Facts (as of July 2026)

• Current Price (ADR): €10.88 (Primary Ticker: RAAQ)
• 52-week range: €8.22 to €13.18
• Opening Price: €8.785
• EBITDA (TTM): $-569,540 (deep in the red, typical for the early hardware phase)
• Free Cash Flow (TTM): $-224,510 (Strongly negative from operations)
• Dividend Yield: 0.00%

3. Check against our established formulas

• Core Quality Formula: Current revenue growth, combined with the lack of operating margins, results in a strongly negative score here. It falls far short of the magic threshold of >25.

• Cash Flow Quality Formula: Free cash flow stands at approximately -$224,500. Since a quantum computer requires massive CapEx (clean rooms, extreme helium cooling near absolute zero), no positive FCF yield will be generated here for the foreseeable future.

• Dividend Filter: Zero dividend payout. The focus is 100% on reinvesting research funds.

• Exclusion Rule:
  Serious violation! Actually, our ironclad rule is: Do not buy story-driven stocks without a clear path to profitability. IQM is the absolute prime example of a pure bet on the future. The fact that we’re invested here breaks the system—but makes the whole thing exciting as an isolated bet for the risky side of the portfolio.

4. Insights into Future Prospects and Competition

The competition never sleeps: Tech giants (Google, IBM) and U.S. startups (IonQ, Rigetti) have significantly deeper pockets. IQM’s biggest trump card, however, is Europe’s geopolitical and technological sovereignty.

European governments and data centers do not want to route their sensitive data through U.S. or Chinese infrastructure.

This aligns with the breaking news: Just a few days ago, IQM received the official order from the Finnish IT Center for Science (CSC) to integrate a new 50+ qubit system ("IQM Halocene H4") into the European LUMI supercomputer infrastructure by 2027. A massive operational milestone!

https://de.investing.com/news/assorted/iqm-sichert-sich-auftrag-zur-lieferung-eines-quantencomputers-an-die-finnische-lumi-ai-factory-432SI-3553008

5. Analysis of the charts from the past few months

Contrary to the initial visual setback following the IPO, the long-term trend on the getquin chart (Max setting)—which we’ve $RAAQ (-0,42%) taken, absolutely positive. After opening at €8.78, the stock hit a low of €8.22 and has since fought its way up in a steady upward trend to €10.88.

This represents a gain of 23.86% since the IPO. The all-time high of €13.18 is the next technical target once the momentum from the recent news out of Finland takes full effect. $IQMX (+2,57%)
$RAAQ (-0,42%)

6. Specific Entry Zones (The Bargain Hunter’s List)

Since the stock remains highly volatile, we’re lying in wait for potential follow-on purchases or initial positions:

• Limit 1 (Quick Foot in the Door): €10.20 – To capture smaller profit-taking moves following the news.
• Limit 2 (The Value Safety Net): €8.80 – A test of the historical opening level.
• Limit 3 (Knockout Pickup): €8.25 – Right at the all-time low, in case the overall market corrects sharply.

7. Detailed Report: Outlook, Alternative Stocks & Margins

• Future Viability: Anyone buying IQM today is buying into a venture capital project. Long-term survival depends on whether the company can maintain its technological edge in application-specific systems until commercial adoption by the industry generates substantial revenue.

• Profitability Outlook: The traditional hardware business (selling quantum computers to universities) has low gross margins. The real potential lies in the “Quantum as a Service” (QaaS) sector—cloud access to the computers. This sector offers the prospect of high-margin software revenue in the long term.

• Possible Alternatives: Investors looking to diversify risk should consider established supercomputing and AI service providers such as Super Micro Computer or the major hyperscalers (Alphabet/Google), which treat quantum computing as a nice side bet within their multi-billion-dollar balance sheets.

8. Management and Analyst Opinions

The CEO’s vision (Dr. Jan Goetz):

Dr. Jan Goetz, the co-founder and sole CEO since early 2026, is extremely clear about the company’s strategy. He recently explained that IQM was founded from the very beginning for a single purpose: to put working quantum computers into the hands of people who want to use them to solve real-world problems. His motto, in essence, is: “Not someday. Now.” According to Goetz, quantum computing is no longer purely a scientific project but a real industry in which customers own, operate, and build upon advanced quantum computers.

What the Market and Analysts Are Saying (Market Sentiment):

The market views the IPO through the special purpose acquisition company Real Asset Acquisition Corp (RAAQ) with a mix of fascination and justified caution. Observers point out that this so-called SPAC route to the stock market carries certain precedent risks, as SPAC listings are often more volatile and investors have historically suffered losses following a wave of underperformance.

On the other hand, analysts and investors appreciate the hard, operational facts that distinguish IQM from mere cloud-based pipe dreams:

• Proof of Concept: The company is considered an industry leader and has already sold 23 quantum computers, 18 of which have been delivered—this is the largest publicly known number among select quantum companies.

• Solid Revenue: For the year 2025, IQM reported audited revenue of 31 million euros (or 36 million U.S. dollars).

• Financial Strength: As early as March 2026, even before its initial public offering, IQM secured massive financing of 50 million euros from BlackRock. Upon completion of the merger, IQM’s liquidity position is expected to exceed 450 million U.S. dollars thanks to trust funds and additional financing.

• Vertical Integration: A major plus for analysts is the business model. IQM controls the entire value chain. It has a vertically integrated model that ranges from its own chip design tools and software platforms to its own quantum chip factory and assembly line. This enables extremely fast innovation cycles.

Side Note: What Does Quantum Computing Achieve, and Why Is European Autonomy So Important?

The technical mechanism in a nutshell:

Classical computers operate with bits that have a state of either 0 or 1. Quantum computers, on the other hand, use so-called “qubits” (IQM relies on superconducting quantum circuits here). Due to quantum mechanical effects such as superposition and entanglement, these qubits can assume an extremely large number of states simultaneously. Put simply: While a classical computer must calculate complex possibilities one after another, a quantum computer explores the entire solution space all at once. As a result, problems in drug development, materials research, logistics, or cryptography—which would take today’s high-performance computers millennia to solve—could be solved in minutes in the future.

Why Europe Needs Its Own Player (Technological Sovereignty):

This is about nothing less than the digital master key of the future. If Europe doesn’t get involved here, we’ll make our entire high-tech research, our military, and our cybersecurity completely dependent on U.S. giants or Asian providers. IQM addresses precisely this sore spot: They build on-premises systems (i.e., computers located directly at the customer’s site), allowing buyers to retain direct control and ownership of their quantum infrastructure. In a world where data protection, IP security (intellectual property), and geopolitical independence are vital to survival, a European frontrunner like IQM is an absolute prerequisite for avoiding being reduced to a mere follower on the global tech stage.

Conclusion on who this stock is for:

Not for the faint of heart and absolutely unsuitable for a defensive dividend portfolio. As a small, highly speculative addition—as is already the case on my “Risk Side B”—IQM $IQMX (+2,57%)
$RAAQ (-0,42%) is the perfect vehicle for strategically betting on the European deep-tech turnaround.

@Keineui

@Aktienhauptmeister

@Multibagger

@Tenbagger2024

@Get_Rich_or_Die_Tryin

@Stocktective

@Simpson

@WarrenamBuffet

@SAUgut777

@TradingHase

@PikaPika0105

@Derspekulant1

@NichtRelevant

@Klein-Anleger

@Dividendenopi

And, of course, everyone else :)

Good evening, my dears! Fasten your seatbelts, today's story starts with a lot of turbulence.

Actually, after our successful trip to Italy - where we put the perfect, sunny and stable dividend anchor in our portfolio with Snam - we just wanted to fly back home to Denmark and relax.

But the weather gods had other plans. A massive bad weather front over the North Sea forced us to make an unplanned detour deep into the North Atlantic.

We had to make a stopover on the rough, storm-tossed Faroe Islands.

And while we were stuck there, staring out at the choppy sea, we stumbled across a local story that sounds so unbelievably like science fiction that we had to share it with you straight away.

Today, we're throwing our ironclad AOK rationality, all dividend filters and every cash flow rule overboard. It's all about pure innovation. Forget wind turbines. Forget solar. We are now fly kites under water.

Minesto AB $MINEST (+3,08%)

1. the business model: What does Minesto do?

Minesto (spin-off from Saab) builds so-called "deep green" technology. Imagine a high-tech kite (like kitesurfing) with a turbine. This kite is anchored to the seabed and "flies" underwater in a figure-eight loop through the current. As a result, the water speed at the turbine is extremely accelerated. The result: electricity generation even with very slow ocean currents.

2. market position & the "cool story"

The story is pure science fiction becoming reality. Minesto has a monopoly on this "low-flow" tidal technology. The absolute game changer: unlike wind and sun, with tides you know exactly how much electricity is flowing and when. On the Faroe Islands, they have just connected the "Dragon 12" (a 1.2 megawatt colossus) to the public power grid.

3. key figures (as of March 24, 2026)

The company is based in Sweden and trades in Stockholm.

• Current share price:
  ~ SEK 3.20 (Penny stock alert!)
• ISIN:
  SE0000808209 (Ticker: MINEST.ST)
• Market capitalization: ~ SEK 650m (approx. EUR 57m - a real micro-cap)
• P/E RATIO:
  Negative
• Dividend yield:
  0,0 % ### 4th Core Quality Formula (the total crash)
• Sales growth: Minimal (They are currently living off EU funding, grants and the first tiny electricity feed-ins).
• Operating margin: Deep red (somewhere around -300%).
• Result: Fails my quality formula so badly! This is venture capital on the stock market.

4. cash flow quality formula

• Free cash flow: A massive vacuum cleaner. The development and installation of underwater kites devours millions. They finance themselves through regular capital increases (dilution!).

5th Dividend Filter (Income-Core)

• Judgment: 0,0 %. Anyone asking about dividends here will be thrown directly overboard.

6. future prospects & strategy

The plan for 2026/2027: The Faroe Islands want to switch completely to 100% green energy by 2030. Minesto $MINEST (+3,08%) is currently building a complete tidal power plant array (Hestfjord project) with the local utility (SEV). If they can prove that they can operate an array of several kites profitably, this will be the proof of concept for the global rollout (Taiwan, UK, New Zealand are already on the mat).

7. competition & substitutability

There are other tidal power plants (like Atlantis Resources), but they need massive currents (like in Scotland) and build huge stationary turbines. Minesto is the only company in the world that can utilize slow currents through the "flying motion". The patent portfolio is bulletproof.

8. chart analysis (pure volatility)

The chart resembles an ECG during a heart attack. From highs of around SEK 25 in the hype years (2020/21), the thing has slipped to around SEK 3.20 due to the harsh reality of raising capital. We are currently in a deep bottoming phase. Every successful grid connection of a new kite causes short-term spikes of 20 to 30 %.

9th Bargain Hunter's List (casino zones)

• Lotto ticket entry: < SEK 3.00
• Fair gambler entry: 3.20 - 3.50 SEC
• Hype target (for worldwide rollout): > 10.00 SEK

10. what does the CEO say?

CEO Martin Edlund is extremely focused. His latest big news: the "Dragon 12" (with a wingspan of 14 meters and weighing 28 tons) is successfully feeding electricity into the Faroe Islands' grid. His clear message for 2026: Away from pure test operation, towards the scaling of real commercial arrays.

11th analyst consensus

There are hardly any analysts who go out on a limb here, apart from a few Scandinavian specialist firms (such as Pareto Securities). The opinion is clear: high-risk bet. Either the company runs out of money in the next few years, or they revolutionize the global base load energy supply and grow tenfold.

MY CONCLUSION

My conclusion: A vision that could change the world

Minesto is the craziest and at the same time most fascinating bet in the Nordic region. Yes, we know it ourselves: This stock breaks every single one of our AOK rules. No dividend, massive cash burn and a micro-cap risk that makes you sweat.

But imagine for a second what would happen if this concept scaled globally. How awesome would that be? A whole world that no longer has to hope for the wind to blow or the sun to shine. Instead, we tap into the infinite power of the tides, which can be calculated down to the minute. Invisible beneath the surface of the sea, without spoiling the landscape.

The Faroe Islands are leading the way and want to switch completely to 100% green energy by 2030 - powered by 28-tonne high-tech kites that sail in the dark, ice-cold water. This is a technological revolution right on our Danish doorstep.

We have now landed safely back in Denmark, but this stormy detour was definitely worth it. Minesto is not a basic investment, but a lottery ticket for the future of our energy supply.

Gladly opinions dear community :)

@Tenbagger2024
@Multibagger
@schlimmschlimm
@Get_Rich_or_Die_Tryin
@Klein-Anleger
@TradingHase
@Simpson
@NichtRelevant
@Abyss
@SAUgut777 and everyone else :)