1132 ET - Quantinuum is a standout among pure-play quantum computing companies, Morgan Stanley analysts write in a note, upgrading the stock to overweight. The analysts consider the progress of four pure-play quantum stocks in their coverage - Quantinuum. Xanadu, Infleqtion, and IonQ - and find that Quantinuum seems to be furthest along its roadmap. "Quantinuum stands out on technology and execution: it is furthest along among the pure plays and has the strongest execution record, yet the market assigns it the lowest multiple of our 2030 revenue in the group," the analysts write. IonQ comes in second, while Infleqtion and Xanadu are at earlier stages, the analysts write.