Top 3 Quantum Computing Stocks to Consider Buying in December
The landscape of quantum computing investments is evolving. While the technology itself may take years to reach widespread applicability, certain stocks are positioned well for investors considering their long-term potential.
Top Quantum Computing Stocks to Consider Buying in December
Investors have often concentrated on pure-play quantum companies like Rigetti Computing and IonQ. However, larger tech giants like Alphabet, Microsoft, and Nvidia may offer more stability and opportunity in this sector.
Alphabet Inc. (GOOGL)
- Current Price: $321.07
- Market Cap: $3,877 billion
- Dividend Yield: 0.26%
- Recent Achievement: Completed the first verifiable algorithm on its quantum computer over a month ago.
Alphabet’s recent advancements showcase its ability to demonstrate the advantages of quantum computing over traditional methods. By only announcing significant milestones, the company avoids the volatility often seen in smaller players.
Microsoft Corp. (MSFT)
- Current Price: $182.35
- Market Cap: $4,433 billion
- Dividend Yield: 0.03%
- Key Innovation: Developed Majorana 1 custom quantum chip in February.
Microsoft’s focus on creating unique states of matter for its quantum chip suggests significant scalability potential. However, the lack of frequent updates leaves investors guessing about its progress.
Nvidia Corporation (NVDA)
- Current Price: $182.35
- Market Cap: $4,433 billion
- Dividend Yield: 0.03%
Nvidia is not primarily a quantum computing firm but is making strides with its NVQlink technology, allowing quantum units to integrate with classical computing systems. This hybrid approach positions Nvidia well for future advancements.
Investment Strategy
Investing in companies like Alphabet, Microsoft, and Nvidia provides a more secure route for those looking to capitalize on the future of quantum technology. Their established cash flows from diverse operations afford them the luxury of investing in quantum computing without the pressures faced by pure-play companies.
As the demand for artificial intelligence continues to rise, these companies are strategically aligning their quantum computing initiatives with successful, ongoing projects in other sectors. This approach positions Alphabet, Microsoft, and Nvidia as the top quantum computing stocks to consider this December.
