3 Quantum Computing Stocks That Could Be Multibaggers in the Making: February Edition – InvestorPlace
The race for quantum computing dominance is on.
In fact,according to SDXCentral.com, the U.S. and China are neck and neck at the moment. The U.S. has already committed $3 billion in funding for quantum computing, with another $12 billion coming from the National Quantum Computing Initiative. China is committing about $15 billion over the next five years. This is all great news for quantum computing stocks.
Even the U.K., Canada, Israel, Australia, Japan, and the European Union are jumping into the quantum computing market. As the race picks up, the quantum computing market could grow from $928.8 million this year to more than $6.5 billion by 2030,as noted by Fortune Business Insights.
All of this could be a substantial catalyst for the following quantum computing stocks.
Source: Amin Van / Shutterstock.com
Earlier this month, IonQ (NYSE:IONQ), trading at $10.27, was highlighted.
While its up slightly at $10.87, give this one a good deal of patience. On Feb. 1, the company just boosted itsfull-year revenue guidanceto a range of $21.2 million to $22 million from its prior range of $18.9 million to $19.3 million. It also boosted its full-year bookings to a new range of $60 million to $63 million from a prior range of $49 million to $56 million.
Quantum computing has the potential to be a game changer it can help us create new drugs and fight disease, turbocharge clean energy alternatives, and improve food production,according toWashington State U.S. Senator Maria Cantwell, as quoted in a IONQ press release.
Further, IonQ just opened its firstquantum computing manufacturing facility in Washington.
The company inaugurated the first U.S.-based factory producing replicable quantum computers for client data centers, enhancing technology innovation and manufacturing in the Pacific Northwest. CEO Peter Chapman highlighted IonQs commitment to commercializing quantum computing,added Investorplace contributor Chris MacDonald.
Source: T. Schneider / Shutterstock
Recently reported, D-Wave Quantum(NYSE:QBTS) traded at 85 cents. Yet, after hitting a high of $2.08 on Feb. 15, its now back to $1.74 and is still a strong opportunity.
Forcing QBTS higher, the company said its1,200+ qubit Advantage2 prototypewas now available. Also, it partnered with industrialgenerative AI company Zapata AI. It will develop and market commercial applications, combining the power of generative AI and quantum computing technologies.In addition, it just announced that it andNEC Australiaare teaming to release two new quantum services in the Australian market.
Source: Bartlomiej K. Wroblewski / Shutterstock.com
Recently, Rigetti Computing(NASDAQ:RGTI) popped from about $1.20 to $1.69 a share on heavy volume. For example, last Friday, volume spiked to 19.24 million, as compared to daily average volume of 3.86 million shares.
Further, the company wasawarded a Small Business Research Initiative (SBRI)grantfrom Innovate UK and funded by the National Quantum Computing Centre(NQCC) to develop and deliver a quantum computer to the NQCC.
The proposed system will feature the hallmarks of Rigettis recently launched 84-qubit Ankaa-2 system, including tunable couplers and a square lattice, as noted in a company press release. This new chip architecture enables faster gate times, higher fidelity, and greater connectivity compared to Rigettis previous generations of quantum processing units (QPUs).
On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.
Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.
Go here to read the rest:
3 Quantum Computing Stocks That Could Be Multibaggers in the Making: February Edition - InvestorPlace
- Next-Gen Quantum Computing: The Fusion of Atoms and Photonic Innovation - SciTechDaily - November 30th, 2024 [November 30th, 2024]
- The Intersection of AI and Quantum Computing: A New Era of Innovation - HPCwire - November 30th, 2024 [November 30th, 2024]
- How Quantum Computing is Driving the Future of Mobility - EE Times - November 30th, 2024 [November 30th, 2024]
- How Quantum Computing is Driving the Future of Mobility - OODA Loop - November 30th, 2024 [November 30th, 2024]
- Telefonica Germany and AWS Partner to Explore Quantum Technologies for Mobile Networks and 6G Development - Quantum Computing Report - November 30th, 2024 [November 30th, 2024]
- 2 Cheap Quantum Computing Stocks to Buy Instead of Chasing IonQ - Investing.com - November 30th, 2024 [November 30th, 2024]
- Most Read: Robotic Dog With Wheels Climbs Steps, Speeds Down Mountains; Quantum Computing Studies to Manage Drones, Self-Driving Cars - IoT World... - November 30th, 2024 [November 30th, 2024]
- 1 Quantum Computing Stock To Grab While It's Still Under $10 - Barchart - November 28th, 2024 [November 28th, 2024]
- 3 Quantum Computing CEOs On The State Of Quantum Today - Forbes - November 28th, 2024 [November 28th, 2024]
- Whats Behind the Move in Quantum Computing Stocks? - Cabot Wealth Network - November 28th, 2024 [November 28th, 2024]
- S. Korea to promote industrial use of quantum computing - The Korea Herald - November 28th, 2024 [November 28th, 2024]
- Quantum Industry Stocks Soar: What's Behind the D-Wave, Quantum Computing and IonQ Gains? - Benzinga - November 28th, 2024 [November 28th, 2024]
- 2 Cheap Quantum Computing Stocks to Buy Instead of Chasing IonQ - MarketBeat - November 28th, 2024 [November 28th, 2024]
- Research Team Achieves First-Ever Topological Qubit, A Step Along The Path Toward Fault-Tolerant Quantum Computing - The Quantum Insider - November 28th, 2024 [November 28th, 2024]
- Novel high-fidelity quantum computing gate with 99.92% fidelity - Inceptive Mind - November 28th, 2024 [November 28th, 2024]
- Turkey Launches First 5-Qubit Quantum Computer, Called QuanT, Marking National Technology Breakthrough for the Country - Quantum Computing Report - November 23rd, 2024 [November 23rd, 2024]
- Toshiba and RIKEN Achieve 99.90% Fidelity with Double-Transmon Coupler for Superconducting Quantum Computers - Quantum Computing Report - November 23rd, 2024 [November 23rd, 2024]
- IBM and Pasqal to Advance Quantum-Centric Supercomputing with a Unified Framework - Quantum Computing Report - November 23rd, 2024 [November 23rd, 2024]
- Up 43% Today, This Quantum Computing Stock Has More Than Tripled In November - Barchart - November 21st, 2024 [November 21st, 2024]
- Quantum computing making leap from theoretical to practical - Hamburg Invest - November 21st, 2024 [November 21st, 2024]
- Google Unveils AlphaQubit: AI-Driven Breakthrough in Quantum Error Correction - Quantum Computing Report - November 21st, 2024 [November 21st, 2024]
- Lightsynq Comes Out of Stealth with $18 Million in Series A Funding to Scale Quantum Computing - The Quantum Insider - November 21st, 2024 [November 21st, 2024]
- How Clean Does a Quantum Computing Test Facility Need to Be? - HPCwire - November 21st, 2024 [November 21st, 2024]
- Alice & Bob Launch Dynamiqs: A GPU-Accelerated Library for High-Speed Quantum Simulations - Quantum Computing Report - November 21st, 2024 [November 21st, 2024]
- Microsoft and Atom Computing Are Taking Orders for a Fault Tolerant Quantum Computer with 1K (Physical) / 50 (Logical) Qubits for Delivery Next Year -... - November 21st, 2024 [November 21st, 2024]
- Nurturing The Emerging Ecosystem Of Industry-Academia Collaboration In Quantum Computing - NDTV Profit - November 21st, 2024 [November 21st, 2024]
- Microsoft and Atom Computing leap ahead on the quantum frontier with logical qubits - GeekWire - November 21st, 2024 [November 21st, 2024]
- Quantum Computing and the Evolving Cyber Threat Landscape - The Soufan Center - November 16th, 2024 [November 16th, 2024]
- What is quantum computing and how might it impact financial services? - Lloyds Banking Group - November 16th, 2024 [November 16th, 2024]
- Quantum Computing to sell 16M shares at $2.50 in registered direct offering - TipRanks - November 16th, 2024 [November 16th, 2024]
- How 'clean' does a quantum computing test facility need to be? - Phys.org - November 14th, 2024 [November 14th, 2024]
- Quantum Computing Shares Are Up By More Than 70%: Here's What You Need To Know - Benzinga - November 14th, 2024 [November 14th, 2024]
- In step forward for quantum computing hardware, IU physicist uncovers novel behavior in quantum-driven superconductors - IU Newsroom - November 14th, 2024 [November 14th, 2024]
- Closing in on quantum computing with error mitigation - ComputerWeekly.com - November 14th, 2024 [November 14th, 2024]
- IQM unveils roadmap focused on fault-tolerant quantum computing by 2030 - Scientific Computing World - November 14th, 2024 [November 14th, 2024]
- Quantum Computing is Coming - Is the Insurance Industry Ready? - - Insurance Edge - November 14th, 2024 [November 14th, 2024]
- Could Diamonds Unlock Improved Qubits for Quantum Computing? - Securities.io - November 14th, 2024 [November 14th, 2024]
- Enterprise Quantum Computing Market on Track for 29.7% CAGR | Key Growth Drivers and Future Opportunities - openPR - November 14th, 2024 [November 14th, 2024]
- Equal1s Quantum Computing Breakthough with Arm Technology - Arm Newsroom - November 14th, 2024 [November 14th, 2024]
- Quantum Algorithms Institute Partners with AbaQus and InvestDEFY to Enhance Financial Forecasting with Quantum Computing - Quantum Computing Report - November 14th, 2024 [November 14th, 2024]
- SemiQon and SDT Partner to Scale Quantum Computing with Silicon-Based QPUs - Quantum Computing Report - November 14th, 2024 [November 14th, 2024]
- The CIO's quantum leap into the cloud: Integrating quantum computing into cloud infrastructure - ITPro - November 14th, 2024 [November 14th, 2024]
- Massachusetts Invests $5 Million in New Quantum Computing Facility in Holyoke - This Week In Worcester - November 14th, 2024 [November 14th, 2024]
- Hamad Bin Khalifa University and Quantinuum Partner to Advance Quantum Computing in Qatar - The Quantum Insider - November 14th, 2024 [November 14th, 2024]
- Hamad Bin Khalifa University Partners with Quantinuum to Boost Quantum Computing Research in Qatar - Quantum Computing Report - November 14th, 2024 [November 14th, 2024]
- Singtel Expands Quantum-Safe Network with Palo Alto Networks and Fortinet Integration - Quantum Computing Report - November 14th, 2024 [November 14th, 2024]
- Quantum Computing Company to Part With General Counsel - Law.com - November 12th, 2024 [November 12th, 2024]
- Researchers from the University of Sydney demonstrate more effieicnt quantum error correction - Scientific Computing World - November 12th, 2024 [November 12th, 2024]
- Quantum computing will be the next big tech trend to have a major impact on marketing, says Citi CMO Alex Craddock - Business Insider - November 10th, 2024 [November 10th, 2024]
- A Look At The Official Opening of UKs National Quantum Computing Centre - The Quantum Insider - November 10th, 2024 [November 10th, 2024]
- IonQ Partners with imec to Advance Quantum Computing with Photonic Integrated Circuits and Chip-Scale Ion Traps - Quantum Computing Report - November 10th, 2024 [November 10th, 2024]
- BTQ Technologies and Macquarie University Partner to Drive Quantum Computing and Secure Communications - Quantum Computing Report - November 10th, 2024 [November 10th, 2024]
- IonQ to Acquire the Assets of Qubitekk to Strengthen Its Position in Quantum Networking Technology - Quantum Computing Report - November 10th, 2024 [November 10th, 2024]
- From nuclear to quantum computing, how Big Tech intends to power AI's insatiable thirst for energy - CNBC - November 10th, 2024 [November 10th, 2024]
- Quantum Computing and Critical Infrastructure - The Quantum Insider - October 16th, 2024 [October 16th, 2024]
- A Superconducting Waltz: Elia Strambini on the Quantum Future of Computing - The Quantum Insider - October 16th, 2024 [October 16th, 2024]
- Quantum computing and photonics discovery potentially shrinks critical parts by 1,000 times - Phys.org - October 16th, 2024 [October 16th, 2024]
- Nu Quantum Announces the Qubit-Photon Interface for Modular and Scalable Distributed Quantum Computing - The Quantum Insider - October 16th, 2024 [October 16th, 2024]
- How to Invest in Quantum Computing Companies (Updated 2024) - Investing News Network - October 16th, 2024 [October 16th, 2024]
- IBM pitches camp in Germany to prepare Quantum Computing for the real world - diginomica - October 16th, 2024 [October 16th, 2024]
- Purifications, Fidelity & the Future of Computing - The Quantum Insider - October 16th, 2024 [October 16th, 2024]
- Making quantum computing more accessible and applicable to real-world challenges - Scientific Computing World - October 16th, 2024 [October 16th, 2024]
- The future of quantum computing and cybersecurity in telecommunications - Telefnica - October 16th, 2024 [October 16th, 2024]
- Chinese Quantum Computing Threat Highlights Urgency for Quantum eMotion's Quantum Security Solutions - Newsfile - October 16th, 2024 [October 16th, 2024]
- Qunova Computing Achieves Chemical Accuracy in Quantum Chemistry Simulations with Innovative Hardware-Agnostic Algorithm on NISQ Devices - Quantum... - October 16th, 2024 [October 16th, 2024]
- Quantum Computing Transformed by Breakthrough Photonic Technology - SciTechDaily - October 12th, 2024 [October 12th, 2024]
- How Is Quantum Computing Being Used in Healthcare? - HealthTech Magazine - October 12th, 2024 [October 12th, 2024]
- IBM Quantum Roadmap Guide -- Scaling And Expanding The Usefulness of Quantum Computing - The Quantum Insider - October 12th, 2024 [October 12th, 2024]
- Toyota and Xanadu Partner to Bring Quantum Computing to Advanced Materials Science and Sensing Applications - The Quantum Insider - October 12th, 2024 [October 12th, 2024]
- 'Invisibility' and quantum computing tipped for physics Nobel - Yahoo! Voices - October 12th, 2024 [October 12th, 2024]
- Airbus Selects Multiverse Computing to Build Quantum-inspired Gesture Recognition Software For Fighter Pilots - The Quantum Insider - October 12th, 2024 [October 12th, 2024]
- From Legacy to Innovation: Banks' Path to Cloud, AI, and Quantum Computing - Finextra - October 12th, 2024 [October 12th, 2024]
- IBM Executive Stories: Bringing Useful Quantum Computing to the World - IBM - October 7th, 2024 [October 7th, 2024]
- Quantum Computing Market to Soar to $7.1B by 2031 with 30.7% CAGR - openPR - October 7th, 2024 [October 7th, 2024]
- Quantum Computing Market Is Going to Boom | Major Giants IBM, Google, Rigetti, Microsoft, Intel - openPR - October 7th, 2024 [October 7th, 2024]
- Will IBM's Focus on Quantum Computing Propel the Stock? - Yahoo Finance - October 7th, 2024 [October 7th, 2024]
- Nu Quantums Platform For Networking Quantum Computers Hosted at The UK's National Quantum Computing Centre - The Quantum Insider - October 7th, 2024 [October 7th, 2024]
- Quantum Computing for Real-world Applications with Professor Naoki Yamamoto of Keio University - The Quantum Insider - October 7th, 2024 [October 7th, 2024]
- University of Queensland (UQ) is Receiving $29 million AUD ($19.7M USD) in Funding for Quantum Research and Scholarships - Quantum Computing Report - October 7th, 2024 [October 7th, 2024]
- History of quantum computing: 12 key moments that shaped the future of computers - Livescience.com - October 3rd, 2024 [October 3rd, 2024]