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. Today, we have picked stocks that carry an Outperform Smart Score (i.e., 8, 9, or 10) on TipRanks, which indicates that these stocks have the potential to beat the market.
Here are today’s top quantum computing stock picks. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
IBM (IBM) – IBM recently deployed the Quantum System Two, powered by the 156-qubit Heron processor. Also, the company is developing the Nighthawk and Loon processors to support more complex circuits and error correction. IBM aims to deliver an over 4000-qubit quantum-centric supercomputer by year-end. The stock has earned an analyst consensus of Moderate Buy. Also, IBM stock has a Smart Score of “Perfect 10.”
IonQ (IONQ) – IonQ recently secured a $1 billion equity investment to scale its systems and expand global reach. Its current platforms, Forte and Forte Enterprise, are delivering 20x performance gains for several key clients. It aims to deliver a 2 million-qubit machine by 2030. Interestingly, IONQ stock has an analyst consensus of Strong Buy and a Smart Score of nine.
Alphabet (GOOGL) – Alphabet’s Google Quantum AI team is making progress with its Willow chip. It aims to achieve practical quantum use within five years by combining quantum technology with AI. GOOGL stock has an analyst consensus of Strong Buy and a Smart Score of nine.