Quantum computing, though still in its early stages, is expected to be the next big revolution after artificial intelligence (AI). 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.
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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 bullish investor sentiment signal based on several portfolios analyzed by TipRanks. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
Rigetti Computing (RGTI) – The company’s new 36-qubit modular system achieved 99.5% gate fidelity, cutting error rates in half compared to previous models. RGTI is developing scalable multi-chip machines, with 100+ qubits expected by year-end. Also, Rigetti is expanding its cloud platform and targeting 1,000+ qubit systems for commercial use.
The stock has earned an analyst consensus of Strong Buy. Also, RGTI stock has an average price target of $28.10, which implies a downside risk of 40.01%. Further, the stock has a Very Positive investor sentiment signal.
D-Wave Quantum (QBTS) – The company has launched its sixth-generation Advantage2 system with over 4,400 qubits, marking its most advanced and energy-efficient quantum computer to date. It also expanded globally with new partnerships in Europe and Asia, and secured $400 million in funding to scale operations.
Overall, the analyst consensus on the stock is Strong Buy. Based on the average price target of $27.18, QBTS stock has a downside risk of 28.62%. Moreover, QBTS stock has a Very Positive investor sentiment signal.
Amazon (AMZN) – Amazon revealed its first quantum chip, Ocelot, earlier this year. The chip is designed to simplify error correction and reduce hardware overhead, marking a major step toward scalable quantum systems.
AMZN stock has an analyst consensus of Strong Buy and a Positive investor sentiment signal. Also, its average price target of $267.30 implies upside potential of 25.55%.
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