Several quantum computing stocks soared sky-high last month, according to data from S&P Global Market Intelligence. Here are three of the industry's most notable gains in December 2024:
Rigetti Computing Inc. RGTI is experiencing a meteoric rise, with its stock skyrocketing 1,860% in six months to trade at around $19.
Quantum Computing (QUBT -4.38%) saw its share price surge in the last two months of 2024.
Over the last few months, a new theme has emerged in the artificial intelligence (AI) realm. Quantum computing has attracted a lot of enthusiasm from investors, and several companies attempting to commercialize and advance this cutting-edge technology have experienced rapid gains in their stock prices.
Since my last article, QSI's technical picture has improved, meeting all my investment criteria: bullish price action, momentum, volume, and relative strength. QSI is now above its upward sloping 30-week EMA, successfully retested a previous resistance level, and shows both short-term and long-term bullish momentum. Volume remains bullish, indicating institutional accumulation, and relative strength has improved significantly, outperforming the S&P 500.
Quantum computing is a hot topic right now. Three of the four highest-performing stocks in the last six months are pure play investments in this technology.
Enthusiasm over the quantum computing space is strong as 2025 approaches.
Alphabet's diversification into new businesses is a key investment thesis, especially as its Search business faces global antitrust scrutiny. The company's diversification into quantum computing shows promise for long-term growth. Alphabet's superconducting quantum processor, Willow, crosses a key milestone in the development of quantum computers.
MACOM Technology is a top pick for 2025 due to its diverse semiconductor products and solutions for Industrial, Defense, and Telecommunications markets. The company's "Trusted Foundry" status and high-quality components position it well to benefit from advancements in quantum computing and other tech disruptions. MACOM's growth prospects are bolstered by its strategic acquisitions, such as ENGIN-IC, and its focus on expanding engineering capacity and product offerings.
In today's video, I discuss Nvidia (NVDA 3.69%) and its quantum computing solutions. To learn more, check out the short video, consider subscribing, and click the specia l offer link below.
The next big thing in technology could very well be quantum computing. Traditional computers operate on bits, which can be in just one of two states.
The quantum computing industry is rapidly gaining momentum, with analysts revising price targets for key players in the sector.