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- 1 Quantum Computing is a branch of science that works on the principles of quantum theory and contributes to solving complex issues.
- 2 Technology has the potential to revolutionize the world and is booming the stock market currently.
Quantum computing technology was introduced in the 1980s but recently expanded its roots in the stock market. It is because of the enhanced attention of investors towards the sector. The concept came into focus in 2021 when investor sentiment skyrocketed. Here are the top 3 quantum computing stocks touching sky-high in 2023.
IonQ (IONQ)
IonQ is a quantum computing company working with quantum computing hardware and software, established in 2015. The business is running with the purpose to develop the world’s best quantum systems to resolve the world’s most complex issues. It is considered to be the first pure-play publicly traded stock with a market capitalization of $2.11 Billion. The stock received a vote of confidence from the high-tech investors that boosted the position of IonQ in the stock market. IonQ has around 201.03 Million shares with a current stock price of IONQ stocks is $14.42. The Vanguard Group, Inc. is one of the biggest shareholders of IonQ with a 7.35% stake worth $199,889,785. The stock has a shining future and is expected to grow earnings and revenues by 5.1% and 44.3% respectively making it a good stock to invest.
D-Wave Quantum (QBTS)
Another powerful name that came into the list of quantum computing stocks is D-Wave QBTS, founded in 1999. The net worth of the firm at present is around $324.85 Million and it is considered to be a global leader in the field of Quantum Computing industry. The main focus of the firm is to offer real-world, practical, and valuable applications to the customers that offer both the gate model and annealing quantum system, making the business unique and more effective than other players. The stock market today for QBTS is around $2.41 and is expected to touch $3.75 in 2024. The stock is considered to be one of the best stocks to buy in 2023 as the company is outperforming in the market.
Rigetti Computing (RGTI)
For individuals deciding to invest in quantum computing stocks, Rigetti Computing is one of the best options to consider. Chad Rigetti founded the firm in 2013 with the motive to develop and deploy integrated QBTS computing systems. The stock has around 129.823 Million shares outstanding with a current stock price of $1.64 and a market cap of $0.27 Billion. The stocks are predicted to reach $2.17 in 2024 making it a good stock to consider in the field of QBTS computing stocks. The stock is strong to buy at present and ready to offer high returns with the enhanced value of QBTS computing in the near future.
Conclusion
Quantum computing technology is expanding its roots and developing in the stock market. Rigetti Computing, IonQ, and D-Wave Quantum are some good stocks to invest in at present. The value upsurge for QBTS computing technology in the upcoming days will enhance the profits.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
