Top Quantum Computing Stocks to Buy in 2022
Get rich with these top quantum computing stocks in 2022.
Quantum computing is a rapidly-emerging technology that harnesses the laws of quantum mechanics to solve problems that are too complex for classical computers. Here are the top quantum computing stocks to buy in 2022.
NVIDIA
Market cap: 667.62 billion USD
NVIDIA is a key quantum computing stock making some serious movements in the quantum computing industry. NVIDIA is reinvigorating the graphics processing unit (GPU) that is used globally throughout gaming, automotive engineering, data center, and professional visualization. The company’s developments have not gone unnoticed and have attracted a lot of attention from tech’s on-the-ball investors. For its first-quarter fiscal 2022, the company reached US$5.66 billion, demonstrating an 84% increase. Similar results can be found in its gaming and data divisions, with US$2.76 billion and US$2.05 billion. With an overall net of US$1.91 billion, the company’s 100% growth is clear-cut and is certainly attractive for investors looking towards quantum computers. As gaming continues to reach new heights of technological advancement, NVIDIA is at the front stage of breakthrough advancements. The new RTX 30 GPU’s along with the fresh RTX 3080 TI GPU’s present new levels of gaming performance and thus new opportunities for company growth. Currently, NVIDIA stock costs about US$222 per share.
Microsoft
Market cap: 2.33 trillion USD
A tech monolith from the very start, Microsoft, MSFT, remains one of the top competitors for all things in the computing industry, and now in quantum computing too. Creating the very first quantum environment, Microsoft’s Azure Quantum has been labeled accurately as the “world’s first full-stack, open cloud quantum computing ecosystem.” As a public collaboration platform, Microsoft is bringing quantum computing to the mainstream as a place for developers, researchers, and customers to learn and build solutions using cutting-edge innovations. Microsoft’s full-stack system isn’t the only thing worth noting, though. The company is also using topological qubits rather than conventional qubits, which basically make quantum computing much more straightforward to scale and maintain stability. With such pivotal capabilities, Microsoft is always a stock to watch in terms of tech developments.
IBM
Market cap: US$123.57 billion
IBM is another multinational technology firm that has firmly held the reins in innovation for some time now, especially within computing stocks. Again, IBM is a consistent competitor for new-age cutting-edge technology and would be missing out if it didn’t give quantum computing a crack. IBM didn’t just hop on the competitive bandwagon, it was actually one of the first developers for quantum computing. The company now boasts the implementation of the first on-premise quantum computer in the U.S. This is the latest in an armory of more than 20 quantum computers, which is without a doubt the most substantial collection of commercial quantum devices.
IonQ
Market Cap: US$2.75 billion
IonQ is by no means a large conglomerate or multinational organization. In fact, compared to IBM, Microsoft, or NVIDIA, IonQ might appear as a small fry, soon to be outmuscled by its competitors. However, thanks to a merger with dMY Technology Group III, the small quantum company will be the only pure-play quantum computing company that is publicly traded. Currently functioning off a single quantum computer, IonQ hopes to use the newly acquired funds from the merger to build a further network of computers accessible to cloud servers by the approaching date of 2023. This little company has a lot of fights, already holding down partnerships with Microsoft, Amazon Web Services, and Google which is owned by parent company Alphabet.
Tencent
Market cap: US$604.809 billion
The Chinese internet company Tencent is entering the quantum computing race with some heavy investment in “new infrastructure” that involves developments in quantum computing alongside a range of cloud and AI developments. Totaling a hefty $70 billion spread over the next five years, Tencent is fostering the global need for advanced data software. The Tencent team also has its own quantum lab where it can explore the connection between quantum theory and potential opportunities for practical use in the modern-day.
