Microsoft Just Delivered Fantastic Quantum Computing News to Investors. Is the Stock a Buy?
Artificial intelligence (AI) has been a popular investing theme in recent quarters as the technology promises to help businesses gain in efficiency -- and even develop game-changing products and services. The world's top tech companies have invested in this area, and investors have piled into these stocks to share in the potential gains. Today's $200 billion AI market is forecast to reach $1 trillion by the end of the decade, making it a high-growth opportunity.But AI isn't the only newish technology offering companies and investors the potential for enormous gains down the road. Another complementary technology also has been generating excitement -- and if it reaches its goals it could result in enormous gains for those who invested early. I'm talking about quantum computing, a technology relying on quantum mechanics to tackle problems that are impossible to solve today. The quantum computing market may add more than $1 trillion to the global economy between this year and 2035, according to at least one source.Companies large and small have been working in the space. Certain players, like Rigetti Computing, for example, are pure plays, specializing in quantum computing. Others, like Microsoft (NASDAQ: MSFT) and Alphabet, are technology giants that have added quantum computing to their repertoires. And speaking of Microsoft, the software powerhouse just delivered fantastic quantum computing news to investors. Does this make the stock a top quantum computing buy?Continue reading
Artificial intelligence (AI) has been a popular investing theme in recent quarters as the technology promises to help businesses gain in efficiency -- and even develop game-changing products and services. The world's top tech companies have invested in this area, and investors have piled into these stocks to share in the potential gains. Today's $200 billion AI market is forecast to reach $1 trillion by the end of the decade, making it a high-growth opportunity.
But AI isn't the only newish technology offering companies and investors the potential for enormous gains down the road. Another complementary technology also has been generating excitement -- and if it reaches its goals it could result in enormous gains for those who invested early. I'm talking about quantum computing, a technology relying on quantum mechanics to tackle problems that are impossible to solve today. The quantum computing market may add more than $1 trillion to the global economy between this year and 2035, according to at least one source.
Companies large and small have been working in the space. Certain players, like Rigetti Computing, for example, are pure plays, specializing in quantum computing. Others, like Microsoft (NASDAQ: MSFT) and Alphabet, are technology giants that have added quantum computing to their repertoires. And speaking of Microsoft, the software powerhouse just delivered fantastic quantum computing news to investors. Does this make the stock a top quantum computing buy?
