We Called a 20x Quantum Winner Below $1 - Could This Be The Next Big Australian Tech Stock?

Some of the biggest gains in the stock market happen when investors suddenly wake up to a technology they had been ignoring. Quantum computing was one of those moments — a sector that went from a footnote to a frenzy in months, taking small companies with it.

The real opportunity was getting there before that shift. One of the stocks we identified was Rigetti Computing (NASDAQ: RGTI) while it was still trading below $1 per share.

Then Wall Street caught on. Rigetti surged from around $0.75 to more than $17 — a move of more than 20x.

By the time quantum became one of the hottest trades in the market, the cheap entry was already gone. Investors who waited for confirmation were looking at a completely different stock.

That is the pattern worth paying attention to.

If the Rigetti lesson has a second chapter, this is exactly the kind of setup we’d want to find early.

Now, we believe another unusual opportunity may still be sitting in that earlier stage on the ASX: Scalare Partners (ASX: SCP).

Here's the injustice at the centre of modern investing: some of the world's most valuable technology companies — OpenAI, Stripe, Databricks — created billions in value before ordinary investors were allowed anywhere near them. Venture capital got there first. Public investors got the headlines later.

Scalare is attempting to position itself much earlier in that cycle — and unusually, it is doing it through a publicly listed company. Its portfolio includes private technology businesses across fintech, SaaS, healthtech, regtech and other emerging industries.

But this isn't simply a company waiting for pitch decks. Scalare has built an ecosystem around founders, startups and capital, giving it direct exposure to emerging businesses while they are still being built. Its broader network has supported more than 10,500 startups.

And serious names are already showing up around the portfolio. BHP became a marquee MyPass customer, while OneVentures led MyPass's A$7.5 million Series A. AirTree and Greycroft backed FrankieOne, while Foresight invested in AsiaVerify.

Scalare was there earlier.

Meanwhile, the operating business underneath is accelerating. In the first half of FY2026, revenue jumped +360% compared with the prior corresponding period.

That gives investors two potential engines: a rapidly growing operating business and exposure to private technology companies where one meaningful breakout could materially change the story.

Rigetti was already there before the stock went vertical. What changed was how the market valued the opportunity.

The same thing can happen across emerging technology. Growth accelerates, new capital arrives, a portfolio company breaks out — and suddenly a stock that had been ignored starts being looked at very differently.

Stocks like this don’t stay undiscovered for long. In technology, once momentum builds, the market can reprice a company with remarkable speed.

Scalare Partners (ASX: SCP), currently trading around A$3.67 per share, may still offer investors a rare opportunity to establish a position early, before the broader market begins paying attention.