If I Could Only Buy 1 Quantum Computing Stock, This Would Be It
This company has a big competitive advantage giving it the necessary staying power to win.
Recent breakthroughs in artificial intelligence (AI) have powered massive returns for investors who bought into the biggest beneficiaries early. AI spending has propelled the entire stock market higher as investors expect it to unlock a ton of economic value. But the biggest winners of the current trend in artificial intelligence so far have been chipmakers like Nvidia.
The next big breakthrough in technology could be quantum computing. Quantum chips use the principles of quantum mechanics to process information and solve certain types of problems at much faster speeds than a traditional computer.
There are several publicly traded companies working to develop quantum chips. The challenge many face is scaling their designs to the point where they can solve real-world problems without producing so many errors along the way that their calculations completely fall apart. While many expect quantum chips to eventually help provide breakthroughs in drug development, cybersecurity, and machine learning, many believe the technology is still years, if not decades, away from that point.
