Quantum computing is a quickly evolving technology with the potential to revolutionize numerous industries. With computing power unlike anything we’ve seen before, quantum computing is expected to make complex calculations and data analysis faster and more efficient. As the demand for this technology grows, investors are looking for top quantum computing stocks to add to their portfolios.
Here are two top quantum computing stocks to keep an eye on as we look forward to 2025.
1. Honeywell International (NYSE: HON)
Honeywell is known for its aerospace and building control systems, but the company is also making strides in the quantum computing sector. In 2020, Honeywell debuted its own quantum computer with a significantly improved computing power of 64 qubits. This places it ahead of competitors like IBM and Google, which are still working on achieving similar levels of computing power.
In addition to its cutting-edge technology, Honeywell’s strong financials make it an attractive investment. The company has a solid track record of dividends and has been increasing its payouts consistently for the past decade. This provides stability and potential for growth for investors looking to enter the quantum computing market.
2. Microsoft Corporation (NASDAQ: MSFT)
As one of the largest technology companies in the world, it’s no surprise that Microsoft is also a top player in quantum computing. In 2020, the company announced the release of its Azure Quantum platform, which allows users to access quantum computers from other big players like Honeywell, IBM, and IonQ. This collaborative effort between industry leaders is expected to advance the development of quantum computing technology even further.
Frequently Asked Questions
Which companies are leaders in quantum computing and have publicly traded stocks?
Some well-known companies investing in quantum computing and offering publicly traded stocks include Microsoft, IBM, Google (via Alphabet), and IonQ. Additionally, businesses like D-Wave Systems have also garnered attention for their advancements in the field.
How can quantum computing be accessed through ETFs?
Investors interested in quantum technology can explore tech-focused ETFs that offer exposure to this field. These ETFs often include shares of companies focused on quantum computing technologies as part of their broader portfolios.
Which quantum computing stocks are being recommended by analysts?
Analysts have highlighted several quantum computing stocks that may be promising. For instance, stocks like IonQ, Rigetti Computing, or shares in larger tech companies such as Alphabet may be rated favorably based on their recent innovations or growth potential.
What are the current trends shaping stock prices in quantum computing?
Recent developments influencing stock prices include advancements in hardware systems like D-Wave’s latest technology system. Increasing interest in applications across multiple industries and partnerships between tech firms also play a key role in shaping stock performance.
Are there any quantum computing businesses listed on the Australian Securities Exchange (ASX)?
What are the forecasts for quantum computing’s market growth and its impact on stocks?
The quantum computing market is projected to grow significantly over the next few years, driven by demand from industries such as healthcare, finance, and cybersecurity. This anticipated growth could positively affect the stock performance of companies involved in quantum research and product development.
