The stock market roared higher last year, and some of the biggest gainers operate in one specific field: artificial intelligence (AI). The technology promises to revolutionize many industries — from healthcare to automobiles — with innovations such as AI-powered medical devices and autonomous driving systems. And AI already is helping companies gain in efficiency thanks to tools like AI agents and AI-powered robots.
But AI isn’t the only transformative technology around. Another potentially game-changing area has been gaining attention in recent times: quantum computing. Many companies — from smaller players focusing on this technology alone to technology giants with vast businesses — are operating in this space.
Quantum computing is stirring up excitement in the investment community because, like AI, it could offer companies a huge boost when it comes to innovation and efficiency. All of this is positive for the earnings growth and stock performance of quantum computing companies and their customers.
So, it’s a great idea to get in early on this market-moving technology — and you can do so by investing in just one player today. Here’s my top quantum computing stock to buy right now.
First, though, you might ask this question: What exactly is quantum computing? This technology relies on the principles of quantum mechanics, describing how subatomic particles move and interact in nature. Quantum computers use these ideas to compute probabilities and solve complex problems that would take classical computers much longer — we’re talking minutes for the quantum computer, versus thousands of years for the classical computer.
Quantum computers can do this because they don’t operate in the same way as classical ones. Instead of using bits to store and process data, they use qubits. Bits can store only one value — a zero or a one. But qubits can store a zero, a one, or a combination of both at the same moment. This means when you combine qubits, they’ll scale exponentially, and this leads to processing speed. Scientists create qubits through the measuring of particles like photons or electrons.
It’s clear this is a very complex process, and quantum computers still have a long way to go before they become a commonly used tool. Nvidia chief Jensen Huang recently said at CES that we’re still about 20 years away from “very useful” quantum computers.
Still, companies are making exciting progress in this technology, and investors have rewarded this by piling into quantum computing stocks. For example, Rigetti Computing and Quantum Computing shares have soared more than 1,000% over the past year.
