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4 Quantum Computing Stocks to Add to Your Portfolio -Breaking

by Mike Robinson

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© Reuters. There are 4 Quantum Computing stocks to add to your portfolio

The next generation in computing, Quantum (NASDAQ) computing, is widely known. This technology has huge potential for growth and is growing in popularity with more investment. We think that the stocks and shares of financially sound companies in quantum computing are Applied Materials (NASDAQ). Analog Devices (NASDAQ:), Ambarella (NASDAQ:), and IonQ, Inc. (IONQ) could be solid additions to one’s portfolio now. Let’s take a look at these companies. Quantum computing is based upon quantum theory. A qubit, or quantum bit from the quantum system is used to compute. Quantum computing has been widely regarded as the future frontier in electronic computation.

The potential for quantum approaches in computing to improve many industries is huge. Alphabet Inc. (NASDAQ) and Microsoft Corporation (NASDAQ), are some of the biggest names in tech, while academic institutions and universities continue to explore quantum computing possibilities. Between 2021 and 2030, the global quantum computing market is projected to expand at 25.4% annual growth. This is due to the increasing investment by the private sector in quantum computing. Quantum-as-a-service is also growing in popularity thanks to its integration into emerging technologies. Businesses will be able to access quantum computing resources remotely and this should drive further adoption.

Given this backdrop, we think quantum computing stocks Applied Materials, Inc. (AMAT), Analog Devices, Inc. (ADI), Ambarella, Inc. (AMBA), and IonQ, Inc. (IONQ) might be quality additions to one’s portfolio.

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