10 Best Quantum Computing Stocks to Buy According to Analysts

6. Intel Corporation (NASDAQ:INTC)

Median Upside Potential: 20.86% 

Number of Analysts: 25

Insider Monkey Weighted Score: 23.3

Intel Corporation (NASDAQ:INTC) has had a bad run in the past few years due to bad management decisions, failure to advance in chip fabrication, and decreased market share due to ARM-based chips. It’s down 53% year-to-date and 60% on a 5-year annualized basis. We have included Intel Corporation (NASDAQ:INTC) solely because of the potential of its quantum technology and low competition in this market compared to Intel’s other markets.

Intel’s silicon spin qubit approach rather than superconducting qubits has the promise to reduce the complexity associated with quantum hardware since spin qubits can operate at higher temperatures. Spin qubits are also smaller than superconducting qubits, allowing for more complex versions of quantum computers in principle on a chip of the same size.

In a paper published by Intel researchers in Nature in May 2024, researchers found that Intel’s approach results in 99.9% gate fidelity, an important milestone. Intel is well-positioned owing to its transistor-manufacturing credentials to create spin qubits through its 300mm CMOS manufacturing techniques.