10 Best Quantum Computing Stocks to Buy According to Analysts

5. NVIDIA Corporation (NASDAQ:NVDA)

Median Upside Potential: 4.46% 

Number of Analysts: 38

Insider Monkey Weighted Score: 24.5

NVIDIA Corporation (NASDAQ:NVDA)’s GPUs aren’t just dominating gaming and AI, they’re also the go-to choice for quantum simulations. The company’s CUDA-Q platform is also critical to accelerate quantum computing efforts. In May 2024, NVIDIA Corporation (NASDAQ:NVDA) announced that its CUDA-Q platform was being incorporated at several national supercomputing centers around the world (Japan, Germany and Poland) for quantum processing units inside NVIDIA-powered high-performance computing systems.

NVIDIA’s philosophy regarding quantum computing is that the future is hybrid (quantum/classical) systems for quantum-accelerated applications. In this regard, CUDA-Q is the first of its kind development platform that is seamlessly integrated across CPUs, GPUs, Quantum Processing Units (QPUs), and Quantum Emulators. NVIDIA’s DGX Quantum architecture is also in line with this vision.

Classical Encryption algorithms would be among the first things that would be threatened by Quantum-computing scalability and commercialization, endangering the security of the global digitalized economy. In this regard, NVIDIA has developed cuPQC to enable the acceleration of quantum cryptography algorithms to adapt digital security to the age of quantum.

Read how Blackwell is setting up NVIDIA for a major upside.