Interested in Quantum Computing? Here Are 2 Stocks to Consider

Quantum Computing Investment Trends

Quantum computing has really come into the spotlight as a noteworthy investment theme recently. As we delve deeper into the digital era, it seems likely that this trend will continue.

The initial buzz around companies like Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) can be traced back to a significant announcement made by Alphabet, a major tech player, last year. Since that moment, many investors have shown interest, leading to impressive stock performance throughout the year.

For those curious to explore this space further, it’s worth examining both RGTI and QBTS more closely.

Rigetti has established itself as a pioneer in full-stack quantum computing. They’ve been offering quantum computing through the cloud since 2017, catering to a variety of clients, including global enterprises and governments, via their Rigetti Quantum Cloud Services platform. This company has even created the first multi-chip quantum processor designed for scalable systems. However, it’s important to note that Rigetti is still relatively small, with recent sales reported at $1.7 million.

On the other hand, D-Wave holds a significant position as a leader in delivering quantum computing systems, software, and services. Notably, they were the first to commercialize quantum computers. Their technology addresses practical problems across various fields such as logistics, AI, materials science, drug discovery, scheduling, cybersecurity, and more. They’re trusted by prominent organizations like MasterCard, Deloitte, and Lockheed Martin. Recently, D-Wave reported a record cash balance, with their second-quarter revenues rising by 42% year-over-year.

Similarly, D-Wave is experiencing notable growth, reporting $3.1 million in revenue for the second quarter.

Conclusion

The trend in quantum computing is clearly gaining traction, and it’s expected to maintain this momentum as businesses harness the potential of this technology.

By 2025, stocks related to quantum computing saw a remarkable increase. Rigetti (RGTI) and D-Wave (QBTS) are among those benefitting. While they both offer compelling investment opportunities, potential investors should keep in mind the current high volatility in this market.