11 Best Quantum Computing Stocks to Buy Right Now

5. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 60

International Business Machines Corporation (NYSE:IBM) operates IBM Quantum, which provides cloud-based access to real quantum computers. Quantum Insider, while echoing the views of the company’s CEO Arvind Krishna, highlighted that the company believes that quantum computing will be the foundational technology. International Business Machines Corporation (NYSE:IBM)’s Chief has been projecting significant advances in error correction and coherence times by the decade’s end. The company remains focused on engineering improvements to quantum hardware, targeting to extend qubit coherence times to a full millisecond to allow complex computations.

The industries like materials science, energy, and pharmaceuticals are expected to benefit from quantum-powered discoveries, says Krishna. The increasing adoption of quantum computing across different industries is expected to create significant demand for International Business Machines Corporation (NYSE:IBM)’s quantum hardware, enterprise solutions, and cloud services. With quantum computing hardware becoming accessible and powerful, more companies are expected to leverage IBM Quantum Cloud services, aiding the revenues. The companies continue to rely on International Business Machines Corporation (NYSE:IBM) for hybrid quantum-classical computing solutions.