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.
Artificial intelligence (AI) has been the hottest sector on Wall Street for more than two years. And, arguably, quantum computing is now the hottest subsector within AI.
Quantum computing stocks skyrocketed at the end of 2024. Pure-play stocks in this corner of the tech sector saw absolutely stellar price gains from Nov. 1 to Dec. 31.
Growth investors are always looking for the next big story that will offer their portfolios a boost. Last year, artificial intelligence (AI) stocks did the job, and these players still may be very early in their growth story.
QMCO's Myriad all-flash file system boasts in-place scaling & automatic data leveling, boosting flexibility and adaptability to meet AI-era storage demands.
Quantum computing has captured the imagination of investors. Despite the tech's multidecade timeline to maturity and possible widespread use, most quantum computing stocks have soared since President Trump's election victory last November.