Jefferies analysts released a report after attending the Quantum World Congress (QWC), stating that the quantum computing industry is undergoing a profound paradigm shift. The core challenge has moved from "can we build good qubits" to "can we build truly usable computers." This means the focus of competitive advantage is shifting entirely from physics innovation to system engineering, manufacturing control, and ecosystem development. The report notes that the U.S. Department of Energy is leading the development of unified measurement standards, upgrading the government's role from funding provider to industry rule-maker. The National Quantum Initiative Reauthorization Act is expected to pass soon, which will be a positive catalyst for federal contract holders such as D-Wave Quantum (QBTS), Quantinuum (QNT), and Rigetti Computing (RGTI). Jefferies maintains an overall positive rating on the quantum sector, believing that the industry's transition towards quantifiable, system-level milestones is providing investors with a clearer path to commercialization.