By now, I'm sure you realize that artificial intelligence (AI) is by far the biggest opportunity fueling the technology sector. Underneath the AI umbrella, semiconductor stocks have been some of the largest beneficiaries.
Alphabet is a stronger quantum computing stock compared to Rigetti due to its funding and fundamentals.
Quantum computing stocks landed on investors' radars late last year when Alphabet announced a huge breakthrough with one of its quantum computing chips. This caused a marketwide rally in quantum computing stocks, sending top picks like IonQ (IONQ -6.40%) and Rigetti Computing through the roof.
The quantum computing revolution is changing technology as we know it. Quantum computers leverage the principles of quantum mechanics to perform calculations far beyond the capabilities of traditional computers.
Last year, investors poured into artificial intelligence (AI) stocks, and the biggest players -- from Nvidia (NVDA 3.10%) to Amazon -- helped the general market soar. The S&P 500, the Dow Jones Industrial Average, and the Nasdaq each climbed in the double digits.
Quantum computing has suddenly become a buzzword on Wall Street.
In recent months, investors have taken a renewed interest in quantum computing. Traditional computer bits can only hold zeros or ones.
CNBC's Kate Rooney reports on the latest regarding quantum computing stocks.
Shares of quantum computing company IonQ (IONQ 5.48%) raced higher this week. The stock was up by 28.5% as of Friday morning, according to data provided by S&P Global Market Intelligence.
For the last few months, a technology known as quantum computing has started receiving a lot of attention. As is often the case when new subject matter enters the spotlight, people try to figure out how to invest in this technology, which will eventually support the artificial intelligence (AI) market.
To gain an edge, this is what you need to know today.
Recently, Nvidia (NVDA 3.40%) CEO Jensen Huang made a head-turning, market-moving comment regarding his thoughts on quantum computing. Stocks in this space sold off in response.