Quantum computing stocks were some of the biggest stories in 2024.
Quantum computing stocks come in a surprising variety of shapes and sizes. I'm not here to recommend one of the smaller quantum experts that have skyrocketed in recent months.
QMCO's focus on driving growth through innovative products, operational efficiency, and a subscription-based selling bodes well.
D-Wave's Alan Baratz says the company will be the first quantum pure-play to achieve profitability.
Quantum computing is a hot topic these days. Six months ago, the four largest pure play stocks in this market added up to a total market value of $1.9 billion.
Quantum computing could be a big deal once the technology matures. BCG estimates that industry-wide quantum computing revenue could reach $170 billion sometime after 2040, with quantum hardware and software delivering as much as $850 billion of annual value for end users.
Quantum computing stocks are attracting a lot of attention these days for one simple reason: These companies, if they reach their goals, could offer the world the next game-changing technology. As we've seen in the past -- from internet-related companies to artificial intelligence (AI) players -- these innovators could go on to deliver soaring earnings and stock performance.
I have a feeling we haven't heard the last of the quantum computing trend. Even if the emerging technology is many years (or decades) away from its prime, I wouldn't sleep on the technology, given the potential for numerous breakthroughs (like the Willow one delivered by Alphabet (NASDAQ:GOOG) a few months ago) and other surprises that could help us gain enough clarity to tell how far away we are from having quantum computers be really useful.
Quantum computing stocks went on a roller-coaster ride last month as the high-flying emerging technology sector reacted to commentary from top tech leaders and others in the industry.
Google is reportedly optimistic that it will release commercial quantum computing applications within five years. That achievement would be sooner than the several years to two decades often predicted by investors and experts, Reuters reported Wednesday (Feb. 5).
Quantum Corp. (QMCO) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
In a rapidly evolving technology landscape, quantum computing is at the cutting edge of innovation, with recent breakthroughs moving the technology from the realm of theoretical research into real-world commercial applications.