10 Best Quantum Computing Stocks To Buy According to Hedge Funds

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 279

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company. It is one of the best quantum computing stocks according to hedge funds as it offers a range of quantum computing solutions at a scale smaller companies simply cannot match. A major highlight of the quantum business includes the Azure Quantum Platform, a cloud-based quantum computing service, providing access to quantum hardware and software tools. The tech giant has also recently partnered with leading quantum hardware companies like IonQ and Rigetti to integrate diverse quantum technologies into Azure Quantum.

The company is still yet to release a fully operational quantum computer. However, it has focused on building hybrid solutions and cloud accessibility, ensuring that the quantum computing division of the firm remains a pivotal part of the global quantum ecosystem. Some important numbers highlight the Microsoft commitment to quantum computing. Every year, the tech giant spends close to $1 billion in research and development in emerging tech, including quantum computing and AI. This strategy has proved fruitful, with the company holding over 3,000 patents in these domains.

Microsoft has also heavily invested in the quantum programming ecosystem. This is demonstrated by the fact that more than 10,000 developers have engaged with the Quantum Development Kit of the tech giant. The firm is working on quantum solutions for optimization problems, materials science, cryptography, and artificial intelligence. Azure Quantum also supports hybrid quantum-classical workloads to bridge current quantum capabilities with classical computational power.