3 Quantum Computing Stocks to Make You the Millionaire Next Door

With advanced digitization technologies that may be poised to catalyze a seismic paradigm shift, investors should consider quantum computer stocks for millionaires (or at least those who aspire to be). Like the AWS website below Amazonia (NASDAQ:AMZ extension), says, quantum computing is “…a multidisciplinary field encompassing aspects of computer science, physics, and mathematics that uses quantum mechanics to solve complex problems faster than classical computers.” In other words, the computer as we know it is about to undergo a makeover, reinforcing relevance for the best quantum computer titles.

According to Precedence Research, the global quantum computing market reached a valuation of $10.13 billion in 2022. However, experts predict that by 2030, the sector could achieve a valuation of $125 billion. For speculators, the million dollar stock picks of quantum computing are worth considering. Indeed, due to the new market, investors should be prepared for wild unpredictability. However, investing in quantum computer stocks could lead to life-changing returns.

IBM IBM. $128.18
RGTI Informatics Rejections $0.74
QUBT extension Quantum Computing $1.16


Photo of the IBM Building (IBM) seen through the canopy of a tree.  The IBM logo is in large letters on the side of the building.

Source: shutterstock.com/LCV

Initially, the inclusion of IBM (NYSE:IBM) as one of the quantum computing titles for millionaires might not make sense. After all, this segment is supposed to be about high-risk, high-return speculation. However, if you’re interested in taking a more secure and steady approach to becoming a millionaire, “Big Blue” makes a lot of sense.

Basically, IBM belongs in the discussion for the best quantum computer stocks due to its plethora of innovations in the field. For example, the company produced Qiskit Runtime, which is IBM’s quantum computing service and programming model.

Financially, IBM has a decent profile: nothing too noteworthy, but nothing too awful. Notably, IBM trades at a forward multiple of 13.44. As a discount to projected earnings, Big Blue outperforms the competition by 79.51%. Also, its dividend yield comes in at 5.46%, which is quite generous.

Finally, Wall Street analysts view IBM as a moderate buy. Their average price target comes in at $147.38, which implies nearly 16% upside potential.

Computing discards (RGTI)

IBM Q System One quantum computer at the Consumer Electronic Show CES 2020. Quantum computing stock.

Source: Boykov/Shutterstock.com

Headquartered in Berkeley, California, Informatics Rejections (NASDAQ:RGTI) develops integrated quantum circuits used for quantum computers. According to its website, Rigetti specializes in merging artificial intelligence and machine learning, thus enabling the company to address the world’s most important and pressing problems. An extremely risky investment, RGTI has only gained a little over half a percent on the year so far.

Most of that comes from the fact that the stock rose nearly 45% in the May 22 session, growing in sympathy with the quantum computer rival Quantum D-Wave (NYSE:QBTS extension). If you follow the industry closely, you’ll know that QBTS skyrocketed nearly 111% on Monday. However, many traders don’t want to overexpose themselves to extreme force, making RGTI a potentially intriguing alternative to quantum computer stocks for millionaires.

Truth be told, it’s a high-risk proposition financially. According to Zacks Equity Research, Rigetti exited with a quarterly loss of 19 cents for its first-quarter earnings report, missing the consensus estimate of a 16-cent loss. On the plus side, Rigetti has a relatively strong cash-to-debt ratio of 3.27. However, despite some flaws, analysts consider RGTI a moderate consensus buy. Their average price target comes in at $1.25, which implies more than 70% upside potential.

Quantum Computing (QUBT)

Source: Bartlomiej K. Wroblewski / Shutterstock.com

For those who want to take their stock of millionaire quantum computers to the extreme, Quantum Computing (NASDAQ:QUBT extension) might be what you are looking for. A full-stack quantum hardware and software company, Quantum seeks to accelerate the value of quantum computing for real-world business solutions, according to its website. To achieve this, the company purchased QPhoton, which specializes in quantum photonic systems (QPS).

While fundamentally exciting, potential investors should recognize that QUBT represents a high-risk, high-reward venture. In the last one-year period, for example, QUBT stumbled more than 17%. Over the past five years, the shares have lost 79% in share value.

Financially, circumstances don’t exactly build trust. In the first quarter of 2023, Quantum had revenues of just $120,000. Ultimately, it suffered a net loss of $8.51 million. Overall, the company has only mediocre fiscal stability, making it one of the riskiest quantum computer stocks to buy. That said, Ascendiant analyst Edward Woo considers QUBT a buy. The expert expects a price target of $9.25, which implies nearly 612% upside potential.

As of publication date, Josh Enomoto did not hold (either directly or indirectly) positions in the securities referred to in this article. The views expressed in this article are those of the writer, subject to InvestorPlace.com Guidelines for publication.

A former senior business analyst for Sony Electronics, Josh Enomoto helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has provided unique and critical insights into the investment markets, as well as various other industries including legal, asset management, construction and health care.

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