As investors are still very skeptical due to the Federal Reserve’s most recent update and the sad and expected decline of the cryptocurrency market, tech companies could now provide an intriguing opportunity.
In light of this, it may be useful to keep an eye on quantum computing actions, supercomputer tokens, and distributed computing cryptocurrencies. Today, we look at NullTX’s selection of the top five Quantum Computing stocks to keep an eye on in 2022, sorted by current market cap, from highest to lowest.
What is Quantum Computing?
Computers using quantum theory are the main component of this technological field. This estimation method essentially indicates that quantum computers will be able to surpass today’s cutting-edge supercomputers.
These factors would make investors interested in betting on the future of computers.
Table of Contents:
Alphabet Inc. (NASDAQ: GOOGL)
- Market Cap ~$1.5 trillion
- Sector – Technology
- Price – $2,313.53
One of the best stocks to buy for quantum computing is Alphabet Inc., aka Google. The company initially asserted quantum supremacy in 2019 when the performance of its state-of-the-art computer surpassed that of traditional equipment.
Alphabet’s Sycamore quantum processor completed a task in 200 seconds that would have taken the world’s best supercomputer 10,000 years to complete. This is a significant achievement, and the organization is still progressing with quantum physics.
In addition, Google Quantum AI is progressing significantly. It is creating new quantum computers and algorithms to help solve a variety of problems. To encourage innovation, it is also opening some of its facilities.
NVIDIA Corporation (NASDAQ: NVDA)
- Market Cap ~$378.8 billion
- Sector – Communication services
- Price – $151.52
With its graphics processing units (GPUs), which increase computing capacity, NVIDIA is quickly becoming the world leader in cutting-edge semiconductor design, powering the next generation of technology.
Nvidia is a quantum computing title that has taken the world by storm. Its products are used in expanding markets such as gaming, data center, automotive and professional visualization.
Nvidia is leveraging GPUs to create quantum computers, maintaining its position as an industry leader in complex circuit design. In addition, the company is a pioneer in artificial intelligence and machine learning.
Nvidia is using its GPU-specific software to help advance quantum computing. It has made cuQuantum a software development kit to assist programmers in creating workflows for quantum computing.
IBM (NYSE: IBM)
- Market Cap ~$127 billion
- Sector – Technology
- Price – $141.00
IBM is the established technology company that has shifted its focus to the potential of cloud computing. It also has a quantum computer, which the company’s IBM Quantum Services business branch makes commercially available.
One of the pioneers of quantum research was IBM. It has also already put 28 quantum computers into use.
More than 100 partners currently work with IBM Quantum Network. These partners work to create practical and commercial applications in a wide range of industries. Quantum computing is also accessible for free through IBM.
These technologies are being expanded and made more widely available by IBM. For greater acceptance and creativity, this is crucial.
Microsoft (NASDAQ: MSFT)
- Market Cap ~$21 billion
- Sector – Technology
- Price – $264.51
Like IBM, Microsoft approaches quantum computing from all angles. It is developing every technology needed to grow a commercial application.
All layers of Microsoft’s computer stack are evolving. Controls, software, and development tools are all included in this. Microsoft also developed the open cloud ecosystem known as Azure Quantum. This promotes creativity more quickly.
Microsoft is creating the hardware, software, and specialized refrigeration needed for quantum computers in its research facilities.
The IT giant is also making great strides with topological qubits. These surpass traditional qubits in terms of performance. They improve stability by reducing the total number of qubits required. Future profits for shareholders should come from this promising technology.
IonQ (NYSE: IONQ)
- Market Cap ~$913 million
- Sector – Industrial
- Price – $4.61
IonQ has just gone public through a combination with the single-purpose acquisition company (SPAC) dMY Technology Group III. The first pure-play quantum computer company to go public is IonQ, a start-up in quantum computing.
IonQ will use the money earned from the SPAC merger to fund the construction of a network of quantum computers that will be accessible through various cloud services. IonQ currently runs a quantum computer.
IonQ’s partnership with Microsoft, Google Cloud, and Amazon (NASDAQ: AMZN) Web Services (AWS) demonstrates the company’s focus on cloud computing. In addition to investing in IonQ, Japan’s leading telecommunications technology investor Softbank Group (OTC: SFTBF) has partnered with the company to use quantum computing to power the many other tech companies in its portfolio.
If IonQ succeeds, and the company believes it will, the quantum computing market could be worth $65 billion a year by 2030, making it the most profitable investment route.
Final Thoughts
Although quantum computing is still in its infancy, significant research funding is being invested in this cutting-edge technology.
While there aren’t many pure-play quantum stocks yet, investing in tech giants that have exposure to the field could pay off handsomely in the coming years.
