11 Best Quantum Computing Stocks to Buy Right Now

4. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 67

Honeywell International Inc. (NASDAQ:HON), through Quantinuum, is a leading player in the quantum computing, which continues to focus on trapped-ion hardware, industry applications and quantum software. SoftBank Corp. and Quantinuum have agreed to a wide-ranging partnership in quantum computing. Through the combination of respective strengths, the companies are expected to unlock innovative quantum computing solutions which will overcome the limitations of classical artificial intelligence (AI) and realize next-generation technologies. This alliance focuses on applying quantum computing to several industries, which can help create new market opportunities and fuel technological innovation.

As a result of ownership in Quantinuum, Honeywell International Inc. (NASDAQ:HON) is expected to benefit from strategic initiatives through expansion of presence in the quantum computing market, and enhancing the technological capabilities. Also, Quantinuum and RIKEN announced the successful on-premise installation of Quantinuum’s “Reimei” quantum computer at RIKEN’s Wako campus situated in Saitama, Japan. With businesses adopting quantum-enhanced AI, materials discovery, and cybersecurity, the demand for high-quality quantum hardware and software is expected to increase. Honeywell International Inc. (NASDAQ:HON), given its majority holding, is expected to benefit from Quantinuum’s revenue growth.