Want to Invest in Quantum Computing? 2 Stocks That Are Great Buys Right Now.
Quantum computers have the potential to complete certain types of computations exponentially faster than traditional computers. While the technology is far from commercially viable today, quantum computers could eventually revolutionize materials science, drug discovery, financial modeling, artificial intelligence (AI), logistics, and other areas.Investing in pure-play quantum computing stocks is a gamble since useful quantum computing could still be a decade or more away. Instead, investors should focus on large, diversified technology giants that have a good shot at emerging as quantum computing leaders. The two best bets right now are International Business Machines (NYSE: IBM) and Microsoft (NASDAQ: MSFT).IBM has been involved in quantum computing research for decades, starting with the first 2-qubit quantum computer back in 1998. A few years later, IBM used a quantum computer to successfully factor a small number -- a breakthrough at the time.Continue reading
Quantum computers have the potential to complete certain types of computations exponentially faster than traditional computers. While the technology is far from commercially viable today, quantum computers could eventually revolutionize materials science, drug discovery, financial modeling, artificial intelligence (AI), logistics, and other areas.
Investing in pure-play quantum computing stocks is a gamble since useful quantum computing could still be a decade or more away. Instead, investors should focus on large, diversified technology giants that have a good shot at emerging as quantum computing leaders. The two best bets right now are International Business Machines (NYSE: IBM) and Microsoft (NASDAQ: MSFT).
IBM has been involved in quantum computing research for decades, starting with the first 2-qubit quantum computer back in 1998. A few years later, IBM used a quantum computer to successfully factor a small number -- a breakthrough at the time.
