Quantum computing is an emerging field with the potential to transform industries like healthcare, finance, and cybersecurity. Quantum computing stocks could offer investors significant returns as technology advances. This article will focus on the top quantum computing stocks that you can buy for investors looking to make a profit with this new technology.
Background on Quantum Computing
Quantum computing uses quantum-mechanical phenomena such as superposition or entanglement to perform data operations. Quantum computers can solve problems that are not possible with traditional computers. They have the potential for breaking encryption codes and simulating complex chemical reactions.
Quantum Computing: The Market
In the next few years, quantum computing will see a significant increase in demand. Markets and Markets project that the global quantum computing market will reach $2.18 Billion by 2026. This is a 23.3% increase from 2020-2026 according to their report. This is due to increasing research and development investments as well as growing demand for quantum computing across various industries.
Top Quantum Computing Stocks To Buy
Alphabet, Google's parent company, is a key player in quantum computing. Google has been involved in quantum computing research for many years. This includes the development of the Bristlecone 72-qubit quantum processor. Alphabet is a strong investor in emerging technologies like artificial intelligence and cloud computing.
Another tech giant, Microsoft, has invested heavily in quantum computing. Microsoft has developed its own language for quantum computing, Q#. It has also partnered up with universities and companies to further the technology. Microsoft is a strong player in the cloud computing market and quantum computing. This makes it an attractive choice for investors.
IBM is a major player in quantum computing and has a 20-qubit quantum machine that can be used through the IBM Q Network. IBM also provides various quantum computing solutions and services for researchers and businesses. IBM's strong position in the technology sector and solid financials make them a solid choice as investors.
IonQ, a publicly traded company, specializes in the creation of trapped ion quantum computer systems. Its technology is highly regarded for its performance and scalability. The company has partnerships with many major companies and research institutes. Although IonQ is riskier than other tech companies, it offers the potential to grow in the quantum computing market.
Honeywell, a conglomerate with many businesses, has invested heavily in quantum computing. Honeywell has created a trapped-ion quantum computer and provides various quantum computing solutions and services. Honeywell is also a strong player in other industries, such as aerospace and building technology. This makes Honeywell a solid investment.
As quantum computing technology advances, investing in quantum computing stocks could provide investors with significant returns. Alphabet and Honeywell, which are the leading players in quantum computing, are solid options for investors. Before making any investment decisions, however, it is important to conduct your own research and assess your risk tolerance. Quantum computing is a new field. It's important that you understand the risks and potential opportunities presented by these companies.
Reference Article: How to Invest in Quantum Computing [+24 Stocks in 2022]