narrative·map
as of 2026-07-09

The narrative field

window 2026-07-03 → 2026-07-09 (7d) · graph v0.3.0 · 11 live themes over 19 names

propagation — did the story follow the wiring?

edge-following = share of carrier pairs that are structurally coupled on the sector graph
themestagequadrantfabulacarriersedge-followingmode
sovereign_compute
Sovereign / national quantum — governments buy the machines
fadingquiet-truth73%
IONQIQMXQBTSRGTI
100% (6/6)
structural
roadmap_milestone
Roadmap / qubit-count / next-gen chip milestones
fadingquiet-truth67%
INFQIONQIQMXQBTS
100% (6/6)
structural
ipo_listing
New listings / IPO supply
fadingnoise20%
IQMXQNTRGTI
100% (3/3)
structural
ai_convergence
Quantum + AI convergence
peakingre-rating67%
IONQIQMXZPTA
67% (2/3)
structural
hype_skepticism
Hype vs. skepticism / valuation debate
fadingnoise0%
HQIONQQBTS
67% (2/3)
structural
analyst_sentiment
Analyst / Wall-Street sentiment (often factless)
fadingnoise22%
ARQQINFQIONQIQMXQNT
60% (6/10)
structural
contract_wins
Commercial traction — contracts, deployments, partnerships
fadingquiet-truth73%
INFQIQMXLAESQBTSQNT
50% (5/10)
structural
insider_flow
Insider / manager transactions
spreadingre-rating100%
ARQQIQMXLAES
33% (1/3)
jumping
earnings_revenue
Revenue / earnings inflection
fadingquiet-truth50%
ARQQLAESQBTS
33% (1/3)
jumping
pqc_revenue
PQC / quantum-security is the near-term revenue story
peakingre-rating67%
LAES
single carrier
fault_tolerance
The race to fault tolerance / logical qubits
fadingquiet-truth100%
QBTS
single carrier

exposure matrix B_t

cell = a name's share of the theme's cohort mentions (√-scaled)
sovereign_computecontract_winsanalyst_sentimentroadmap_milestoneai_convergenceinsider_flowpqc_revenueearnings_revenueipo_listinghype_skepticismfault_toleranceIONQQNTRGTIIQMXQBTSINFQHQZPTAARQQLAES

quiet-truth candidates

structurally adjacent to ≥2 carriers of a contagious theme, but silent
  • HQ silent on ai_convergence adjacent: IONQ, ZPTA
  • INFQ silent on ai_convergence adjacent: IONQ, IQMX, ZPTA
  • QBTS silent on ai_convergence adjacent: IONQ, IQMX
  • QNCR.CN silent on ai_convergence adjacent: IONQ, IQMX
  • QNT silent on ai_convergence adjacent: IONQ, IQMX, ZPTA
  • QUBT silent on ai_convergence adjacent: IONQ, IQMX
  • RGTI silent on ai_convergence adjacent: IONQ, IQMX, ZPTA
  • XNDU silent on ai_convergence adjacent: IONQ, IQMX, ZPTA
  • BTQ silent on insider_flow adjacent: ARQQ, LAES
  • ONE silent on insider_flow adjacent: ARQQ, LAES
  • QNC silent on insider_flow adjacent: ARQQ, LAES

jumping spread

contagious + unwired + thin fabula = narrative beta

none this window

never co-mentioned edges

curated edges with zero news co-activation — triangulation input, not deletions
QNC QUBE same_modality456010.KQ QUBE same_modalityLAES QNC competes_product_market456010.KQ QNC competes_product_marketHQ ZPTA competes_product_marketXNDU ZPTA competes_product_marketQNCR.CN RGTI suppliesQNCR.CN IQMX suppliesQNCR.CN IONQ suppliesQNCR.CN INFQ suppliesQNCR.CN XNDU suppliesQNC LAES supplies

theme signatures

extractor · 2026-07-09 · 446 news rows
themestagementionsaccelbreadthoutletsfabula1d movequadrantprotagonists
sovereign_computefading120.524973%-1.7%quiet-truthIQMX×3 QBTS×3 IONQ×1 RGTI×1
contract_winsfading110.505673%+0.6%quiet-truthIQMX×4 QBTS×3 INFQ×1 QNT×1 LAES×1
analyst_sentimentfading110.556722%+0.6%noiseIONQ×3 QNT×2 INFQ×1 IBM×1 IQMX×1
roadmap_milestonefading100.435867%-1.2%quiet-truthIONQ×2 QBTS×2 INFQ×1 IQMX×1 ASPI×1
ai_convergencepeaking71.003367%-5.9%re-ratingIQMX×3 IONQ×2 ZPTA×1
insider_flowspreading61.5034100%-2.7%re-ratingIQMX×4 ARQQ×1 LAES×1
pqc_revenuepeaking60.671567%+0.1%re-ratingLAES×4
earnings_revenuefading60.464650%+1.0%quiet-truthLAES×1 IBM×1 ARQQ×1 QBTS×1
ipo_listingfading50.283320%+4.7%noiseIQMX×3 RGTI×1 QNT×1
hype_skepticismfading50.50330%+2.6%noiseIONQ×3 QBTS×1 HQ×1
fault_tolerancefading30.2323100%+2.5%quiet-truthIBM×1 QBTS×1
capital_dilutionfading10.0611+3.2%noiseIBM×1