Quantum computing stocks are gaining attention due to their potential for game-changing technology. These innovators have delivered strong earnings and stock performance in the past, similar to internet-related companies and AI players.
So, what is quantum computing? A quantum computer uses physics to store and process data, allowing it to solve complex problems faster than classical computers. Companies are making progress along this path, and early investors could score big wins.
Let’s examine two top quantum computing stocks: Alphabet (GOOG) and Microsoft (MSFT). Both companies have well-established businesses with proven growth potential.
Alphabet, the parent company of Google, is investing heavily in quantum computing through its new chip, Willow. This breakthrough shows that the technology can scale up without increasing errors. Moreover, Willow executed a computation that would take even today’s top supercomputer an unimaginable amount of time.
Meanwhile, Microsoft offers a secure platform for businesses to get “quantum ready” and access Azure’s quantum tools. The company’s Quantum Ready program will help customers build applications and prepare for scaling projects.
Investors can benefit from growth in Alphabet’s other profitable businesses while waiting for the technology to become more useful. Similarly, Microsoft could start benefiting from quantum computing right away as customers sign up for its Quantum Ready program.
The opportunity to invest in these companies may not come again anytime soon, making February an ideal time to pick up shares of these top technology players.
Source: https://finance.yahoo.com/news/2-top-quantum-computing-stocks-091200704.html