10 Best Quantum Computing Stocks to Buy for 2025

4) Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 55

Honeywell International Inc. (NASDAQ:HON) has made numerous investments in the development of quantum computing technologies. The company’s quantum-computing business, Quantinuum, is at a critical spot when considering the breakup of this conglomerate. Around July 2024 end, Bloomberg reported that Honeywell International Inc. (NASDAQ:HON) has been considering going for an IPO of Quantinuum. It has also held several meetings with numerous investment banks regarding the potential listing in the US and might get a valuation of ~$10 billion.

With the help of Quantinuum, Honeywell International Inc. (NASDAQ:HON) continues to position itself to take on a significant share of the growing quantum computing-as-a-service market. Therefore, the ability to access quantum computers through a cloud (as a service) should attract businesses not ready to build their own quantum infrastructure. By accessing its quantum hardware and software via cloud-based platforms, Honeywell International Inc. (NASDAQ:HON) is expected to generate recurring revenue from this emerging industry. Furthermore, Quantinuum is expected to benefit from collaborations with several prominent players such as Microsoft and Airbus, further enhancing its capabilities and broadening its customer base.

Wolfe Research analyst, Nigel Coe, believes that Honeywell International Inc. (NASDAQ:HON)’s Quantinuum reflects a comparable business to lonQ, which is a leading quantum computing company well-placed to capture the growth momentum of burgeoning quantum computing technology. Notably, Quantinuum’s focus on both quantum hardware (trapped-ion technology) and software enables it to differentiate itself by catering to both sides of the quantum computing equation.