Quantum computing, though still in its early stages, is expected to be the next big revolution after artificial intelligence (AI). 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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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. Today, we have picked stocks that carry an Outperform Smart Score (i.e., 8, 9, or 10) on TipRanks, which indicates that these stocks have the potential to beat the market.
Here are today’s top quantum computing stock picks. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
- Honeywell International (HON) – Honeywell’s quantum-computing business, Quantinuum, recently raised $600 million to accelerate development. The funding supports the launch of its next-gen Helios system. The stock has earned an analyst consensus of Moderate Buy. Also, HON stock has a Smart Score of eight.
- Booz Allen Hamilton (BAH) – Booz Allen Hamilton has expanded its partnership with SEEQC to boost the development of scalable quantum computers. The move involves integrating BAH’s quantum software with SEEQC’s hardware stack. BAH stock has an analyst consensus of Moderate Buy and a Smart Score of eight.
- IBM (IBM) – IBM is actively pursuing a roadmap to achieve its first large-scale, fault-tolerant quantum computer, named IBM Quantum Starling, by 2029. Also, it is developing a new data center in New York to house future fault-tolerant systems. IBM stock has an analyst consensus of Moderate Buy and a Smart Score of nine.
What Is TipRanks’ Smart Investor Newsletter?
TipRanks’ Smart Investor Newsletter provides top investment ideas on a weekly basis to help self-directed investors make informed decisions using TipRanks’ proprietary data and research. The newsletter includes macroeconomic, market-wide, and company-specific analysis to help investors understand the trends that may influence their investments.
Stay ahead of the market – subscribe now!