Quantum computing is the next big thing in technology, promising to revolutionize industries from finance to drug discovery. As the field continues to grow, investors are looking for ways to capitalize on its potential. Here are two no-brainer quantum computing stocks to consider buying right now:
1. IonQ (IONQ)
IonQ is a pure-play quantum computing company that went public via a merger with a special purpose acquisition company (SPAC) in 2021. The company specializes in trapped-ion quantum computing, using trapped ions as qubits to perform complex calculations. IonQ's quantum computers are available via the major public cloud services, including Microsoft Azure, Amazon Web Services (AWS), and Google Cloud. This accessibility makes IonQ an attractive option for researchers and software developers looking to experiment with quantum computing.
- Market Capitalization: $1.9 billion
- Partnerships: Microsoft, Amazon Web Services, Google Cloud, and SoftBank Group
- Revenue Growth: Not yet profitable, but expected to grow rapidly as researchers begin using its hardware at a greater scale
2. Honeywell (HON)
Honeywell is an industrial conglomerate that developed its own quantum computer and is set to merge its quantum computer services with a quantum software start-up. The company specializes in quantum annealing, a technique that uses quantum tunneling to find the global minimum of a function. Honeywell's quantum computing unit, Quantinuum, was launched in partnership with Cambridge Quantum in 2021. The company is expected to roll out its first product, a cybersecurity offering, which leverages quantum computing to provide security that cannot be achieved using classical computers.
- Market Capitalization: $133 billion
- Quantum Computing Unit: Quantinuum, launched in partnership with Cambridge Quantum in 2021
- First Product: Cybersecurity offering, leveraging quantum computing for enhanced security
Both IonQ and Honeywell are well-positioned to capitalize on the growing demand for quantum computing. As the field continues to develop, these companies are likely to play a significant role in shaping the future of quantum computing. Investors looking to get in on the ground floor of this exciting technology should consider adding these two no-brainer quantum computing stocks to their portfolios.
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