I first believed the main competitive battle in quantum computing would involve how to generate qubits (units of information); IonQ's ion-trapping method or the supercomputing approach championed by Rigetti. It tuns out there's another battle involving how to build logic and solve problems; logic gates (used by IonQ and Rigettias well in traditional computing) versus D-Wave Quantum's (QBTS). Annealing is especially strong for optimization problems, which QBTS expects to comprise about 25% of quantum's total addressable market.
Don't Miss Google: The Undervalued Quantum AI Powerhouse In 2025 - Strong Buy
In a highly speculative quantum computing market, it is judicious for investors to take a wait-and-watch approach before investing in Rigetti and IonQ stocks.
Quantum Computing Inc. (QUBT) is a pioneer in the quantum computing industry, combining hardware and software for comprehensive solutions, positioning it for long-term growth. Despite not yet generating significant revenue, QUBT's pilot programs and collaborations indicate strong commercialization efforts and potential market penetration. Valuation analysis suggests QUBT is undervalued, with significant growth potential, possibly yielding substantial returns over the long-term compared to the S&P 500 index.
Quantum stocks are highly volatile, making them risky for most investors, despite potential high returns for those who can time trade effectively. Nvidia's CEO Jensen Huang's mixed messages on quantum computing have caused significant stock price fluctuations, but the upcoming Quantum Day could drive further excitement. Rigetti Computing, Inc. offers the highest return potential among quantum stocks, but its high short interest and weaker balance sheet make it a risky investment.
After being pummeled to losses of 50% to 60% in the span of just a few days, quantum computing stocks surged higher on Tuesday with Rigetti Computing (NASDAQ:RGTI) rocketing 48% higher.
Nvidia CEO Jensen Huang's sobering assessment of quantum computing's timeline sent the space into a tailspin last week. During a question-and-answer session with analysts, Huang suggested that useful quantum computers were likely 15 to 30 years away.
Microsoft Corp (NASDAQ:MSFT) is making waves in the quantum computing sector with the announcement of its Quantum Ready program for businesses, urging businesses to be "quantum-ready" in 2025.
Seeing how fast AI and anti-obesity drug stocks took off versus the S&P 500, investors aren't wasting any time jumping into quantum computing plays. The post Investors Don't Waste Any Time Buying 7 Quantum Computing Stocks appeared first on Investor's Business Daily.
All it took to derail a rally that had sent shares of pure-play quantum computing stocks soaring was a single comment from a tech CEO. When Nvidia's Jensen Huang suggested that a useful quantum computer was likely decades away, shares of IonQ (IONQ 5.92%) and D-Wave Quantum (QBTS 23.50%) fell off a cliff.
Quantum computing holds the potential to radically transform the world. It could accelerate the discovery of new drugs.
Quantum Blockchain Technologies PLC (AIM:QBT) told investors it has filed a patent application for its innovative AI Oracle, a hardware solution aimed at enhancing efficiency in Bitcoin mining. The patent, titled "Implementation of Binary Decision Trees," describes the application of the AI Oracle on ASIC chips.