Want to Invest in Quantum Computing? 3 Stocks That Are Great Buys Right Now
Looking to invest in the future of computing without excessive risk? These three tech powerhouses are building quantum capabilities while generating massive profits from their more well-known core businesses.
Quantum computing will change the world. The technology promises to solve computing problems that are way beyond the powers of today's digital chips. The nuanced approach to mathematics can draw conclusions in shades of gray rather than black-and-white ones and zeroes. As such, quantum computing is pretty much guaranteed to disrupt everything from cryptography and genetic engineering to financial planning and weather forecasts.
But the technology is not ready to hit the mainstream limelight. It's not even close. Researchers in this field are battling issues such as noise reduction, error correction, and stability of the qubit computing units. Nvidia CEO Jensen Huang recently said that useful quantum computers are about 20 years away -- and he should know, because Nvidia is a leading developer of digital-to-quantum system communications.
So I'm not ready to pick winners among the true quantum computing specialists quite yet. Names like IonQ (NYSE: IONQ) and D-Wave Quantum Systems (NYSE: QBTS) might become system-building giants in the far future, but their research could also hit a dead end until they run out of cash. Honestly, I'm afraid that the bearish conclusion is more likely for all of them at this point.
