8 Quantum Computing Stocks to Watch and Invest in 2023
25 May 2023
10 min read
Co-founder & CTO
Ever wondered about the transformative power of quantum computing and its potential for investment opportunities? According to McKinsey, quantum computing could create a value of up to $700 billion in the next decade, revealing immense potential within the realm of quantum computing stocks. As we stand on the precipice of a technological revolution, the financial landscape is ripe for a seismic shift, driven by advancements in quantum technology.
This article provides a roadmap for this uncharted territory, guiding you through some ofthe most promising quantum computing stocks for 2023.
Along the journey, we'll introduce BlueQubit, an innovative AI-powered platform that brings the power of quantum computing to your fingertips. Embark with us on this exciting exploration, as we delve into the realm of quantum investing and reveal the top quantum stocks poised to redefine the future of technology and finance.
Exploring the Potential of Quantum Computing Stocks
As an emerging field, quantum computing stands at the intersection of computer science, physics, and mathematics, offering unprecedented computational power. Experts predict that quantum computing will revolutionize numerous sectors, from cryptography and drug discovery to climate modeling and financial analysis. Consequently, the rise of quantum computing is stirring the curiosity of investors, leading them to the frontier of quantum computing stocks.
Investing in quantum computing stocks offers a unique chance to partake in the next big leap in computing technology. By investing in these stocks, you're betting on companies leading the charge in quantum technology, potentially reaping significant financial benefits as these firms redefine what's computationally possible.
Additionally, market trends indicate a promising future for the quantum computing industry. As the technology continues to mature, its application in solving complex, real-world problems expands. This expanding scope is likely to bolster the demand for quantum computing services, creating a ripple effect that positively impacts quantum computing stocks.
In a nutshell, the realm of quantum computing stocks presents an intriguing mix of innovation and investment opportunities. The aim is to highlight the top quantum computing stocks that stand at the forefront of this revolutionary field.
Key Players in the Quantum Computing Industry
As the quantum computing landscape matures, several major players stand out due to their substantial contributions and impressive market presence. These quantum computing behemoths are forging ahead with remarkable advancements in the field.
Leading the pack is IBM, which was the first to offer cloud-based quantum computing access, revolutionizing the field. IBM continues to make strides with their Quantum Experience project, and has outlined ambitious plans for the future. This year, the tech giant plans to release a 433-qubit processor named ”Osprey”, and by 2023, a whopping 1,121-qubit processor dubbed ”Condor” is expected. IBM envisions this system will achieve quantum advantage, solving problems more efficiently than a supercomputer.
Google's Quantum AI team is another force to reckon with in the quantum computing domain. Their objective is to build a quantum computer capable of tackling real-world problems. They are actively pushing the limits of quantum computing and developing tools that transcend classical capabilities.
On a different path is D-Wave Systems, a company that stands out with its unique approach to quantum computing. They employ a process called quantum annealing which enables efficient problem-solving. D-Wave's approach suits optimization tasks, both present and future, and can solve complex problems rapidly.
Other significant players like Rigetti Computing, IonQ, and Microsoft also contribute significantly to the sector's growth and evolution, making it an exciting space for those interested in quantum computing stocks.
Quantum computing is set to profoundly reshape the global financial sector, offering the ability to streamline operations and uncover hidden patterns in vast data sets. With applications ranging from portfolio optimization to fraud reduction, the transformative potential of quantum technologies in the financial services industry is vast.
According to a report, an impressive 91% of business leaders surveyed are already investing or planning to invest in quantum computing, demonstrating the firm belief in the potential business value of this emerging technology.
One noteworthy example is JPMorgan Chase, which is already actively exploring quantum computing's potential to optimize trading strategies, enhance risk management, and significantly expedite the calculation of complex financial models.
Undoubtedly, the convergence of quantum computing and finance offers vast potential and could bring about significant changes to global financial systems. As the integration of quantum computing into finance deepens, it suggests a future where quantum computing stocks could form an integral part of a well-diversified investment portfolio.
8 Best Quantum Computing Stocks for 2023
The market is heating up with numerous quantum computing stocks showcasing impressive prospects. In this section, we'll dive into a curated list of the top eight quantum stocks to watch and possibly invest in for 2023. These companies are setting the pace in this technology frontier, holding promising futures in the emerging landscape.
Let's unfold the potential of these market leaders.
1. IonQ Inc. (IONQ)
In the arena of quantum investing, IonQ Inc. is a heavyweight contender. With its unique trapped-ion technology, the Maryland-based company is steadily carving a niche for itself. IonQ claims this approach offers longer qubit lifetimes and more straightforward scalability, making their quantum computers more powerful and accurate.
However, it's crucial to remember that the quantum world is fraught with uncertainties. The rapid pace of innovation means a company's technological advantage can evaporate quickly. Furthermore, the IonQ stock price is predicted to see a decrease of 14.95% in the coming 12 months, with an average stock price forecast of $8.25, according to stock analysts.
Despite these risks, the majority of analysts rate IonQ stock as a buy. For those who believe in IonQ's technological prowess and the promise of its trapped-ion approach, this quantum stock could be a worthy addition to their investment portfolio.
2. D-Wave Quantum Inc.
With a distinct approach to quantum technology, D-Wave Quantum Inc. is an innovative player in the field. The Canadian company uses quantum annealing, a process that excels in solving complex optimization problems swiftly and efficiently. This technique has found application in various fields, from machine learning to materials science and route optimization, hinting at the exciting investment potential in D-Wave Quantum's stock.
However, any investment in the quantum domain comes with its share of risks. The sector is intensely competitive and subject to rapid technological changes. Moreover, predicting which quantum computing methodology will eventually dominate the market remains a challenge.
Despite these uncertainties, analysts have rated D-Wave Quantum's stock as a strong buy. The average 12-month stock price forecast is $4.20, which indicates a promising increase of 123.40%.
3. Rigetti Computing Inc.
Emerging from Berkeley, California, Rigetti Computing Inc. is making a name for itself in the world of quantum computing. The company specializes in developing quantum integrated circuits and is at the forefront of integrating AI and machine learning. This has led to an intriguing performance in the quantum stock market, with a 45% surge in a single May session.
However, the financial health of Rigetti presents some risks. Despite reporting a quarterly loss larger than anticipated, the company maintains a robust cash-to-debt ratio of 3.27. Analysts hold a moderately positive stance, marking Rigetti as a moderate buy. With an average price target suggesting a potential 70% upside, Rigetti is certainly a quantum computing stock to watch in 2023.
4. Quantum Computing Inc. (QUBT Stock)
Leveraging the power of quantum computing, the tech firm Quantum Computing Inc. is an intriguing player in this emerging market. The company is devoted to developing software tools and applications tailored for quantum machines. Its flagship product, Qatalyst, allows developers to design and implement quantum-ready applications on conventional computers using its cloud-based solution. This impressive technology offers a bridge to quantum computing, removing hardware variances and managing the entire workflow, ultimately providing access to quantum power like never before.
However, financials reveal a net loss of $12.3M for the nine months ending September 2021. On the bright side, this is a 13% decrease compared to the previous period, and the Basic Earnings per Share, excluding Extraordinary Items, has improved from -$0.97 to -$0.42. Investing in QUBT stock entails significant risk but offers a chance to invest in a company that's at the forefront of quantum application development.
5. Alphabet Inc. (GOOG, GOOGL)
Alphabet, the parent company of Google, is not solely a player in the quantum computing space, but it's important to mention its significant involvement. Google's Quantum AI team has been working hard on developing quantum processors and novel quantum algorithms to enhance computation capabilities. The tech giant's Sycamore quantum processor made headlines when it reportedly achieved "quantum supremacy" by solving a computation in minutes that would take traditional supercomputers thousands of years.
From a financial perspective, Alphabet's stock is favored by analysts. The average 12-month stock price forecast for Alphabet is $131.15, predicting a rise of 5.71%. Analyst consensus rates Alphabet's stock as a strong buy. Nevertheless, investors should consider that Alphabet's quantum efforts are a small part of its broad tech portfolio. Consequently, its stock price may not solely reflect the progress and potential of its quantum computing operations.
6. Amazon.com Inc. (AMZN)
One can't ignore Amazon.com Inc. when discussing the best quantum computing stocks. Renowned for its e-commerce prowess, the company has now ventured into quantum technology. Through Amazon Web Services (AWS), Amazon provides tools for developers and researchers to experiment with quantum computing.
However, it's important to remember that this sector is known for rapid change and fierce competition. Amazon's large scale and resources give it a substantial advantage, but smaller, more specialized companies may also be at the forefront of innovation.
On the financial side, the AMZN stock has an average 12-month price forecast of $149, indicating a predicted increase of 18.73%. Although quantum technology is a small part of Amazon's overall business, it reflects the company's commitment to staying on the cutting edge of technology.
Ultimately, given Amazon's vast resources and the strong buy recommendation from analysts, this quantum stock might be a compelling addition for investors looking to participate in the quantum technology boom.
7. Defiance Quantum ETF (QTUM Stock)
Diving into the world of Exchange-Traded Funds (ETFs), the Defiance Quantum ETF (QTUM) provides a diversified investment avenue for those interested in quantum technology. This ETF offers exposure to global companies at the forefront of quantum computing and machine learning.
Recent trading sessions have seen fluctuations in QTUM's price, with a fall of -1.00% from $51.21 to $50.70. Despite this, the ETF has experienced an overall upward trend, with prices rising 3.66% over the past two weeks. Current trends predict an 11.29% increase over the next 3 months, indicating a strong future performance.
On the other hand, recent mixed signals, including a sell signal from the 3-month MACD, warrant caution. The ETF does, however, hold buy signals from both short and long-term averages, pointing towards a positive forecast. While it's crucial to monitor the ETF closely, it has beenupgraded from a Hold/Accumulate to a Buy candidate, making it a potentially profitable short-term investment in the quantum field.
8. Honeywell International Inc.
A behemoth in the industrial sector, Honeywell International Inc. has taken strategic strides into the quantum computing space. Betting big on quantum to spur a new wave of the industrial revolution, Honeywell owns Quantinuum, one of the best trapped-ion quantum companies.
Being a diversified conglomerate, Honeywell mitigates the risk associated with quantum investment by offering exposure to other successful sectors. This aspect could be a significant advantage for investors seeking a less volatile quantum play.
On the downside, Honeywell's diversified nature means that the success of its quantum computing arm might not dramatically affect its stock price. Investors need to factor this into their considerations.
Analysts forecast a 12-month stock price increase of 4.35% for Honeywell, with an average price target of $211.8. This underpins their buy rating for the stock. While not exclusively a quantum stock, Honeywell offers a more secure, albeit potentially less explosive, investment opportunity in the quantum field.
Leverage the Power of Quantum Technology!
Quantum computing stocks have never been so accessible! Discover the benefits of quantum and get ahead of the game with BlueQubit!
With quantum computing emerging as the next frontier of information technology, opportunities for enthusiasts and professionals to dabble in this exciting field are more accessible than ever. There's now no need for high-tech laboratories or supercooling devices - welcome to the era of at-home quantum computing! And leading this revolution is a cloud-based platform called BlueQubit.
Imagine having access to real quantum hardware from the comfort of your home. BlueQubit makes this a reality by integrating with open-source libraries like Cirq and Qiskit, bringing the power of quantum computing to your fingertips. With its user-friendly interface, BlueQubit allows you to seamlessly run quantum programs on actual quantum computers.
BlueQubit's platform boasts the fastest quantum emulators in the industry. Powered by Nvidia GPUs, these emulators are primed for performing complex computations swiftly and accurately. And with the platform's cost-effective direct access to Quantum Processing Units (QPUs), users can conduct large-scale quantum circuit experiments without breaking the bank.
The platform is designed for simplicity and efficiency, making it an ideal choice for both amateurs and professionals. Its intuitive job submission process, progress tracking, and result acquisition mean you can spend more time innovating and less time navigating.
And it's not just about ease of use. BlueQubit's quantum AI models are poised to disrupt various industries, from finance to healthcare. By combining quantum computing's computational prowess with the predictive power of AI, BlueQubit offers groundbreaking solutions that could redefine entire sectors.
Whether you're a quantum computing researcher, engineer, or enthusiast, BlueQubit is an excellent choice to embark on your quantum journey. Why wait? Start harnessing the power of quantum at home with BlueQubit today!
FAQs for Quantum Computing Stocks
Q: Where to buy quantum computing stocks?
A: To purchase quantum computing stocks, you'll want to utilize brokerage platforms that offer access to a wide range of markets. Renowned platforms like TD Ameritrade and Robinhood are good options. For quantum computing penny stocks, ensure your chosen broker supports OTC markets.
Q: How to buy quantum computing stocks?
A: After setting up an account with a broker, you can search for the ticker symbols of quantum computing companies' stocks you're interested in, like IONQ for IonQ Inc., or QUBT for Quantum Computing Inc. After deciding the number of shares you want to purchase, you can place your order.
Q: How to invest in quantum computing stocks?
A: Investing in quantum computing stocks involves buying shares of companies that are heavily involved in quantum technology. Before you invest, research the company thoroughly. Diversification across several companies can help mitigate risks. While quantum currency isn't directly tied to quantum computing stocks, it's another emerging technology to keep an eye on.
The Key Takeaways
Quantum computing stocks represent an investment frontier, packed with untapped potential. Companies like IBM, Alphabet, IonQ, and others are making significant strides in the quantum realm, betting on breakthroughs that could revolutionize industries.
However, investing in these stocks isn't without risks. Market volatility, rapid technological shifts, and the nascent state of quantum technology present challenges. This article aimed to provide you with a launchpad for your journey into quantum investing, highlighting potential investment targets and resources for further research.
To get hands-on experience with quantum technology, consider exploring BlueQubit. It's an accessible platform for running quantum programs, perfect for both beginners and seasoned professionals.