Missed the AI Boat? Here's Your Second Chance With Quantum Computing Stocks

 | Sep 14, 2023 10:58AM ET

  • Did you miss out on investing very early in AI stocks?
  • No need to worry, as the next big technological revolution is just beginning: quantum computing
  • Let's take a look at the best stocks to buy that are involved in quantum computing research
  • The artificial intelligence (AI) revolution has only just begun, yet researchers and numerous technology companies are already focusing on the next major technological breakthrough that has the potential to reshape the global economy: quantum computing.

    Quantum computing's applications could be even more extensive than AI, and it might serve as a foundation for other significant technological advancements.

    Quantum Computing: Bigger Disruption Than AI?/h2

    Without going into the scientific details, quantum computing is a type of computing that uses quantum mechanics to perform calculations with power and speed incomparable to today's best supercomputers.

    As such, one of the obvious applications of quantum computers is artificial intelligence since many scientists see quantum computers as indispensable for achieving General Artificial Intelligence (GAI), the Holy Grail of AI, with one of the systems that would equal or surpass human intelligence.

    Quantum computing is also often cited as a major risk for the world of cybersecurity since quantum computers would theoretically be capable of forcing current encryption techniques.

    While a decade ago, quantum computing was still the stuff of science fiction, this is no longer the case, with several major technology companies investing heavily in the development of quantum computers.

    Which Companies Are Involved in quantum Computing Research?/h2

    These include IBM (NYSE:IBM), which boasts "the world's largest fleet of quantum computers."

    Honeywell (NASDAQ:HON), meanwhile, has clearly made quantum computing a top priority, teaming up with Cambridge quantum to create Quantinuum, "the world's largest integrated quantum computing company".

    Chipmakers are also getting in on the act, with Intel (NASDAQ:INTC) developing Tunnel Falls, a chip specifically designed for quantum computing systems.

    Computer giant Microsoft (NASDAQ:MSFT) is also working on quantum computing, the company revealed last summer that it had achieved "the first step towards a quantum computer", namely a stable qubit device.

    Finally, Alphabet (NASDAQ:GOOGL), which was one of the first technology companies to tackle quantum computing, reported a major breakthrough earlier this year, managing to complete in seconds a task that would have taken the most powerful supercomputer known today 47 years.

    In addition, the company has officially set itself the goal of building a "useful, error-corrected quantum computer" by 2029.

    To sum up, quantum computing is set to become a reality over the next few years, and the implications of the advent of this technology are at least as difficult to imagine as those of AI.

    While it's still too early to try and pinpoint which company will achieve leadership in this field, it's still worth analyzing the current profile of these quantum computing pioneers to determine which one represents the best investment opportunity.

    Best Stock for the Quantum Computing Race/h2

    To find out, we turned to

    Disclaimer: This article is written for informational purposes only; it does not constitute a solicitation, offer, advice, counseling or recommendation to invest as such it is not intended to incentivize the purchase of assets in any way. As a reminder, any type of assets is evaluated from multiple points of view and is highly risky and therefore, any investment decision and the associated risk remains with the investor. The author does not own the stocks mentioned in the analysis.

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