Top Quantum Computing Stock to Own for the Next Decade
Quantum computing stands on the brink of a technological revolution. It promises to transform various industries by significantly speeding up certain calculations. Though not yet commercially viable, many companies are actively working to unlock the full potential of this technology.
IBM: The Leading Quantum Computing Stock
International Business Machines (IBM) is positioned as a top contender in the quantum computing arena. The company is aggressively pursuing the development of practical quantum applications. IBM reported nearly $1 billion in cumulative contracts related to quantum computing earlier this year.
Future Plans and Developments
IBM has impressive plans laid out for the coming years. By 2026, the company aims to showcase a clear example of quantum advantage. This involves demonstrating the power of quantum computers combined with traditional systems to enhance real-world scientific calculations.
IBM also anticipates launching its first fault-tolerant quantum computer by 2029. The goal will then shift to scaling up the number of usable quantum bits. This advancement is expected to occur around 2033 and beyond.
Nighthawk Quantum Processor
In November, IBM unveiled its Nighthawk quantum processor. This cutting-edge technology features 120 qubits and 218 tunable couplers. It is set to play a crucial role in demonstrating quantum advantage, with iterative improvements planned over the next few years.
Market Position and Financial Overview
IBM maintains a robust market presence with key financial data showcasing its stability:
- Current Price: $293.05
- Market Cap: $277 billion
- Day’s Range: $292.52 – $297.57
- 52-week Range: $214.50 – $324.90
- Volume: 614,000
- Average Volume: 4.8 million
- Gross Margin: 57.22%
- Dividend Yield: 2.27%
While many pure-play quantum companies require substantial funding to sustain their operations, IBM possesses a distinct advantage. With a well-defined roadmap and a history of innovation, IBM stands out as a reliable option for investors interested in quantum computing.
