Quantum computing (which uses qubits to perform complex calculations much faster than today's systems) has the potential to transform the world, but is still many years away from widespread commercial use. The industry is valued at $3.5B, but could hit $20.2B by 2030 (41.8% CAGR) as per a McKinsey study. As such, the stocks have massive upside, but also huge volatility risks; and investors may want to pick entry points discriminately at this nascent point. The group is coming off extreme momentum, and opportunities to add a few shares (to a more broadly-diversified, goal-focused portfolio) may become increasingly compelling. This is a high-risk, potentially very-high-reward space. Here are 10 stocks worth considering.
Is Quantum Computing The Future? This High-Growth Stock Is Worth Considering
The company we review in this report harnesses the power of atomic ions found in nature to develop quantum computing systems that are widely regarded as surpassing traditional computer technologies in both quality and scalability. Founded in 2015 and first trading publicly in late 2021, the company is relatively small, but growing rapidly and supported by very large long-term secular disruption opportunities. We review the business, the market opportunity, financials, valuation, risks and then conclude with our opinion on investing.