Big Pension Exits Alibaba, Buys Quantum Stocks D-Wave, Rigetti, IonQ - Barron's
1. New Jersey pension sold all Alibaba shares, investing in quantum computing instead. 2. Alibaba ADRs rose 34% in H1 2025, outperforming the S&P 500. 3. D-Wave and Rigetti received significant investments; strong revenue but increased losses reported. 4. Alibaba missed earnings estimates in May after strong Q1 results in February. 5. Market is optimistic about quantum technologies despite mixed sentiments from companies involved.