11 Best Quantum Computing Stocks to Buy Right Now

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) developed cuQuantum, which is a software development kit accelerating quantum circuit simulations with the help of its powerful GPUs. Also, NVIDIA® CUDA-Q happens to be a first-of-its-kind platform for hybrid quantum-classical computers, allowing integration as well as programming of QPUs, quantum emulation, GPUs, and CPUs in one system. NVIDIA Corporation (NASDAQ:NVDA) has announced that it is working with Google Quantum AI to accelerate the design of its next-generation quantum computing devices through simulations powered by NVIDIA CUDA-Q™ platform.

As per Guifre Vidal, research scientist from Google Quantum AI, the development of commercially useful quantum computers is possible only if it can scale up quantum hardware while, at the same time, keeping noise in check. Notably, Google using the CUDA-Q platform exhibits the central role GPU-accelerated simulations have in advancing quantum computing in a bid to help solve real-world problems. NVIDIA Corporation (NASDAQ:NVDA) has been integrating quantum computing into the AI ecosystem, enabling developers to leverage quantum-inspired AI algorithms utilising its GPUs.

Therefore, research and AI companies are expected to increase spending on NVIDIA Corporation (NASDAQ:NVDA)’s quantum-powered AI solutions, enhancing data center and AI market share. With the expansion of quantum across industries, NVIDIA Corporation (NASDAQ:NVDA)’s cuQuantum SDK, alliances with quantum hardware companies, and AI integration can cement its critical role in hybrid quantum-classical computing, aiding revenue growth.