Quantum computing, though still in its early stages, is expected to be the next big revolution after artificial intelligence. This emerging technology can tackle complex problems more quickly than traditional computers due to its ability to process information using quantum bits (qubits) instead of regular bits. Thus, investing in quantum computing stocks could give long-term investors a chance to benefit from new technology and market growth.
To find such stocks, take a look at TipRanks’ Quantum Computing Stocks page. It allows you to compare stocks based on analyst consensus, price targets, and key technical indicators among others.
When selecting stocks to buy, it can be helpful to consider the sentiments of other individual investors. With that in mind, here are today’s top quantum computing stock picks, which have received a Positive investor sentiment signal based on a number of portfolios analyzed by TipRanks. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
Amazon (AMZN) – AMZN has unveiled its first quantum computing chip, named Ocelot, which aims to reduce error correction costs by up to 90%. This new chip positions Amazon as a key player in the quantum computing race alongside Alphabet’s (GOOGL) Google and Microsoft (MSFT). The stock has earned an analyst consensus of Strong Buy. Also, AMZN stock has a Positive investor sentiment signal.
FormFactor (FORM) – FormFactor has recently developed new cryogenic probe stations that aim to enhance quantum device testing. These innovations help to improve the accuracy and efficiency of quantum measurements. Overall, the analyst consensus on the stock is Moderate Buy. Moreover, FORM stock has a Positive investor sentiment signal.
IonQ (IONQ) – IonQ’s advanced trapped-ion technology helps solve complex problems more efficiently than classical computers. The company also announced plans to raise $500 million to fund its ongoing research and development efforts. Interestingly, the IONQ stock has an analyst consensus of Moderate Buy and has a Very Positive investor sentiment signal.