Quantum computing — or the use of quantum mechanics to create a genre of next-generation quantum computers with nearly unlimited compute power — has long been a concept stuck in the theory phase.
GOOG, NASDAQ:GOOGL) claiming to achieve quantum supremacy in late 2019 — have laid the foundation for the quantum computing space to go from theory, to reality, over the next several years. This transition will spark huge growth in the global quantum computing market.” data-reactid=”13″>But quantum computing is starting to grow up. Recent breakthroughs in this emerging field — such as Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) claiming to achieve quantum supremacy in late 2019 — have laid the foundation for the quantum computing space to go from theory, to reality, over the next several years. This transition will spark huge growth in the global quantum computing market.
The investment implication?
InvestorPlace – Stock Market News, Stock Advice & Trading Tips” data-reactid=”19″>InvestorPlace – Stock Market News, Stock Advice & Trading Tips
It’s time to buy quantum computing stocks.
At scale, quantum computing will disrupt nearly every industry in the world, ranging from finance, to biotechnology, to cybersecurity, and everything in between.
It will improve the way medicines are developed by simulating molecular processes. It will reduce energy loss in batteries through optimized routing and design, thereby allowing for the creation of things like hyper-efficient electric car batteries. In finance, it will speed up and optimize portfolio optimization, risk modeling and derivatives creation. In cybersecurity, it will disrupt the way we think about encryption. It will create superior weather forecasting models, unlock advancements in autonomous vehicle technology and help humans fight climate change.
I’m not kidding when I say quantum computing will change everything.
And quantum computing stocks are positioned to be big winners over the next decade.
So, with that in mind, here are seven quantum computing stocks to buy for the next 10 years:
- Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL)
- International Business Machines (NYSE:IBM)
- Microsoft (NASDAQ:MSFT)
- Quantum Computing (OTCMKTS:QUBT)
- Alibaba (NYSE:BABA)
- Baidu (NASDAQ:BIDU)
- Intel (NASDAQ:INTC)
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Among the various quantum computing stocks to buy for the next 10 years, the best buy is probably Alphabet stock.
That is because many many consider Alphabet’s quantum computing arm — Google AI Quantum, which is built on the back of a state-of-the-art 54-qubit processor dubbed Sycamore — to be the leading quantum computing project in the world. Why? This thinking is bolstered mostly by the fact that, in late 2019, Sycamore performed a calculation in 200 seconds that would have taken the world’s most powerful supercomputers 10,000 years to perform.
This achievement led Alphabet to claim that Sycamore had reached quantum supremacy. What does this mean? Well, this benchmark is loosely defined as point when a quantum computer can perform a task in a relatively short amount of time that no other supercomputer could complete in any reasonable amount of time.
Many have since debated whether or not Alphabet has indeed reached quantum supremacy.
But that’s somewhat of a moot point.
The reality is that Alphabet has built the world’s leading quantum computer. The engineering surrounding this supercomputer will only get better. So will Sycamore’s compute power. As that happens, Alphabet has the ability to — through its Google Cloud business — turn Sycamore into a market-leading quantum-computing-as-a-service business with huge revenues at scale.
To that end, GOOG stock is one of the best quantum computing stocks to buy today for the next 10 years.
