Quantum computing, though still in its early stages, is expected to be the next big revolution after artificial intelligence. This emerging technology can tackle complex problems more quickly than traditional computers due to its ability to process information using quantum bits (qubits) instead of regular bits. Thus, investing in quantum computing stocks could give long-term investors a chance to benefit from new technology and market growth.
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To find such stocks, take a look at TipRanks’ Quantum Computing Stocks page. It allows you to compare stocks based on analyst consensus, price targets, and key technical indicators among others.
When selecting stocks to buy, it can be helpful to consider the technical indicators as they offer insight into potential stock movements and help traders make informed decisions. With this in mind, here are today’s top quantum computing stock picks, which are a Buy according to TipRanks’ Technical Analysis tool. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
Arqit Quantum (ARQQ) – Arqit Quantum focuses on advancing quantum encryption and cybersecurity through its technologies. The company is known for its QuantumCloud platform, which delivers quantum-safe encryption to protect data against future quantum computing threats. ARQQ stock is a Buy based on technical analysis.
D-Wave Quantum (QBTS) – QBTS is known for its Advantage quantum computer, which features over 5,000 qubits and 15-way qubit connectivity, enabling it to solve larger and more complex problems. QBTS stock has a Buy signal based on technical indicators.
Microsoft (MSFT) – Microsoft launched its quantum chip, Majorana 1, in February. This chip uses topological qubits, which are more stable and less error-prone than traditional qubits. Interestingly, the MSFT stock is a Buy based on its technical indicators.