Quantum computing is the hottest industry on Wall Street. With a bright -looking future, several names are set for even higher prices.
Quantum computing is in focus after Google (GOOG, GOOGL) unveiled its new quantum computing chip, Willow, which sent Alphabet stock higher. Catalysts Co-Hosts Seana Smith and Madison Mills take a look at quantum computing stocks that have shared in Alphabet's (Google's parent company) recent gains, including Rigetti Computing (RGTI), D-Wave Systems (QBTS), Quantum Computing (QUBT), and IonQ (IONQ).
Arqit discontinued its satellite business, focusing on software as a hedge against quantum computing risks, aligning with governments' conservative security approach. Despite expected revenue from licensing agreements, Arqit faces significant cash burn, we believe necessitating another equity raise possibly by March, posing reflexivity risk in a high-cost capital environment. The elimination of satellite operations reduced investing cash flows, but operating cash flow remains negative, with substantial cash burn continuing.
“The president was given a very clear and easy opportunity to say, ‘Yes, I am going to save TikTok,' and he absolutely did not say that.”
Quantum computing is a rising tech trend for 2025. Keep a tab on stocks like D-Wave, Rigetti Computing and IonQ.
Google stock was on track to record a hefty weekly gain on the tech giant's big offensive on the AI and quantum computing fronts. The post Google Eyes Big Weekly Gain On AI, Quantum Offensive appeared first on Investor's Business Daily.
Craig Johnson, Chief Market Technician at Piper Sandler & Co., discusses the potential for market growth beyond the well-known "MAG Seven" companies, highlighting opportunities in small and mid-cap stocks. He emphasizes the importance of diversification and mentions the growing significance of quantum computing, with Alphabet and IBM leading the way.
Alphabet's sagging stock has been primed for any good news, but quantum computing's payoff is years away at best.
Alphabet (GOOGL) takes the quantum leap. The company unveiled its 'Willow' quantum chip, which it says can perform computing problems trillions of times faster compared to other computers.
Quantum computing is rapidly becoming Wall Street and the tech industry's newest obsession.
Alphabet Inc. aka Google's new Willow quantum computing chip could revolutionize computing and lead to breakthroughs in AI and other fields, making Google stock a strong buy. Willow's advancements in quantum error correction and processing power are significant, completing tasks in minutes that would take classical computers septillions of years. The quantum computing market could reach $30 billion by 2035, with healthcare and AI as major beneficiaries, potentially driving Google's revenues to $138 billion.
The quantum computing industry has emerged as one of 2024's hottest investing themes, with leading players seeing their stocks surge amid growing commercial and government interest. Industry research firm Fortune Business Insights projects the global quantum computing market will grow from $1.16 billion in 2024 to $12.6 billion by 2032, representing a 34.8% annual growth rate.