Shares in quantum computing represent the next frontier for computational power and the possibility of scientific advancements. With the disruptive potential of these corporations, I predict there is a good chance for them to create new millionaires. However, people must first make a significant investment in them.
This article will unveil these quantum computing shares that could do just that. These companies have strong core principles and growth potentials that I don’t believe are completely reflected in their valuations. This means they could experience a surge in value as we approach the commercialization of quantum technologies.
So, here are the top three best quantum computing stocks to purchase for a solid chance of achieving seven figures.
Quantum Computing Stocks With Serious Potential: D-Wave Quantum (QBTS)
D-Wave Quantum (NYSE:QBTS) specializes in annealing quantum computers designed for optimization problems such as logistics and financial modeling. In my opinion, QBTS stock is among the quantum computing stocks with the highest potential for delivering gains for investors.
There have been some recent developments for QBTS that have led me to this conclusion. Namely, the company recently announced its Advantage2 prototype. This is a significant leap forward with over 1,200 qubits and a design aimed at delivering solutions for hard optimization problems 20 times faster. This development also links with their strategic technical and commercial collaboration with Zapata AI. This partnership is focused on advancing quantum-enabled machine learning.
QBTS is then carving out a niche for itself that some of the bigger quantum computing stocks like Microsoft (NASDAQ:MSFT) currently lack. Additionally, they focus on broad use cases and establishing ecosystems to support their efforts.
Furthermore, Wall Street rates QBTS as a “Strong Buy,” and there’s also a 115.05% predicted increase for its stock price to be reached within the next 12 months.
IonQ (NYSE:IONQ) has a unique position in the industry as it’s creating machines based on trapped ion technology.
I believe IONQ could be one of the best quantum computing stocks to buy for investors who want to make seven figures. The company has reported strong progress in commercializing its tech one year ahead of schedule. IONQ successfully achieved #AQ 35 with their IonQ Forte system. This is expected to enhance the system’s utility for quantum applications.
Looking ahead, the brand has set its sights on reaching #AQ 64. It believes will be a turning point for the industry. This goal focuses on creating circuits that are large and complex enough to deliver commercial value. If the company is right in its prediction, then it could disrupt the quantum computing industry, as commercialization is widely not expected until 2027 or later.
Furthermore, the company’s service is integrated with all the mainstream cloud platforms such as Amazon (NASDAQ:AMZN) AWS, and Google Cloud by Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). The company is then in an excellent competitive position.
Rigetti Computing (RGTI)
Rigetti Computing (NASDAQ:RGTI) focuses on developing quantum integrated circuits and a cloud platform for quantum algorithm development. It also has a niche focus that could be important later down the line when quantum computing rises in mainstream use.
The company has already made a great start to the year. In early 2024, Rigetti won an Innovate U.K. competition to deliver a 24-qubit quantum computing system to the National Quantum Computing Centre (NQCC).
Part of its focus this year will be on concentrating efforts on delivering the anticipated Ankaa-1 84-qubit system. Moreover, this system offers a higher performance standard than previous systems and may also be more stable.
Furthermore, Wall Street is bullish on the company’s prospects, as the company has a “Strong Buy” rating, and this comes with an anticipated increase of 115.52% for its stock price, to be realized within the next twelve months.
On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines