In this article, we will discuss the 11 Best Quantum Computing Stocks to Buy Right Now.
Quantum computing continues to advance rapidly, which has been helping businesses get new opportunities related to security, AI, optimization, and scientific discovery. As per PwC, the increasing recognition of quantum computing’s potential to revolutionize numerous industries has placed the momentum for significant breakthroughs. For example, quantum simulations in healthcare enable scientists to model complex molecular interactions, which helps in ramping up the discovery of new drugs and materials.
Therefore, quantum has the potential to advance complex problem-solving, speed up the scientific discovery, and lead to the development of entirely new technologies. PwC believes that quantum possesses numerous implications for operational, R&D, and security and controls.
What Lies Ahead for Quantum Computing Industry?
As per Stellar Market Research, quantum computing use cases are expected to have a hybrid operating model, representing a blend of quantum and traditional high-performance computing until around 2032. For instance, a quantum-inspired algorithm can result in improvements in traditional high-performance computers. Fortune Business Insights believes that the quantum computing market growth is expected to be fueled by advanced problem-solving, AI advancements, and global investments.
Commonwealth Scientific and Industrial Research Organisation (CSIRO) mentioned that the United Nations has designated 2025 to be the International Year of Quantum Science and Technology. Over the upcoming years, quantum chips are expected to scale up. Furthermore, the next generation of quantum processors are expected to be supported by logical qubits. Through the use of quantum simulations on normal computers, the researchers continue to develop and test numerous quantum algorithms. When the quantum hardware catches up, this can make quantum computing ready for useful applications, says the firm.
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Amidst such trends, let us now have a look at the 11 Best Quantum Computing Stocks to Buy Right Now.
A modern computer datacenter, running an advanced quantum computer system.
Our Methodology
To list the 11 Best Quantum Computing Stocks to Buy Right Now, we sifted through several online rankings to shortlist the companies catering to the broader quantum computing sector. Next, we chose the ones that are popular among the hedge funds. Finally, the stocks are ranked in ascending order of their hedge fund sentiments, as of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
11 Best Quantum Computing Stocks to Buy Right Now
11. Quantum Computing Inc. (NASDAQ:QUBT)
Number of Hedge Fund Holders: 6
Quantum Computing Inc. (NASDAQ:QUBT) is an integrated photonics company, which provides accessible and affordable quantum machines. The company has received a 5th purchase order for its thin film lithium niobate (TFLN) photonic chip foundry. The latest order is from a research group based in Canada to aid its research efforts on quantum photonics. Quantum Computing Inc. (NASDAQ:QUBT) will offer the research group with custom test structures based on its TFLN photonic integrated circuit (PIC) chip technology.
This partnership further strengthens the higher demand for TFLN’s energy efficiency and scalability, showcasing Quantum Computing Inc. (NASDAQ:QUBT)’s near-term opportunity to address real-world challenges and highlighting TFLN’s transformative potential in the areas of next-generation photonics and quantum technologies. Quantum Computing Inc. (NASDAQ:QUBT) announced that it has entered into securities purchase agreements for the purchase and sale of 8,163,266 shares of common stock in a private placement at the purchase price of $12.25 per share, which is anticipated to result in gross proceeds of $100 million (before the deduction of offering expenses). With the projected net proceeds, together with existing cash reserves, Quantum Computing Inc. (NASDAQ:QUBT) expects to have enough resources to continue to advance and expand the manufacturing and development of its photonics, thin-film lithium niobate (TFLN), and quantum technologies.
10. Arqit Quantum Inc. (NASDAQ:ARQQ)
Number of Hedge Fund Holders: 8
Arqit Quantum Inc. (NASDAQ:ARQQ) has developed QuantumCloud, which offers quantum-safe encryption keys for the secure communications. H.C. Wainwright is optimistic about the company as the firm’s analyst believes that it continues to benefit from several factors such as improvement in market conditions for small cap technology companies, like reduced rates as well as an investor desire to look for the next transformative technology. H.C. Wainwright opines that companies having exposure to quantum computing are expected to benefit from increasing investor interest in 2025 and 2026, aiding Arqit Quantum Inc. (NASDAQ:ARQQ)’s shares.
The company was awarded a multi-year enterprise license contract in the EMEA region for a government end user. Arqit Quantum Inc. (NASDAQ:ARQQ) believes that this contract is expected to result in seven figures in annual recurring revenue in total. The revenue generation is anticipated to start in the current fiscal period. The end market has been moving towards the company. Notably, recognition of the requirement for enhanced cryptography and the efficacy of Arqit Quantum Inc. (NASDAQ:ARQQ)’s symmetric key solution has increased during FY 2024. The company has now started to see the benefit in contract wins and annual recurring revenue backlog.
9. D-Wave Quantum Inc. (NYSE:QBTS)
Number of Hedge Fund Holders: 15
D-Wave Quantum Inc. (NYSE:QBTS) is engaged in developing and delivering quantum computing systems, software, and services. The company has announced a scientific breakthrough and has confirmed that its annealing quantum computer outperformed one of the world’s most powerful classical supercomputers, solving complex magnetic materials simulation problems with relevance to materials discovery. D-Wave Quantum Inc. (NYSE:QBTS)’s Chief believes that this achievement demonstrates that the company’s annealing quantum computers are now capable of solving useful problems that are over and above the reach of the world’s most powerful supercomputers.
D-Wave Quantum Inc. (NYSE:QBTS) expects its Q1 fiscal 2025 revenue to surpass $10 million as compared to $2.55 million consensus estimate. D-Wave Quantum Inc. (NYSE:QBTS) remains focused on expanding its quantum computing capabilities. Furthermore, the company has been exploring new market opportunities and strategic partnerships in a bid to enhance its competitive position. As per the company’s CFO, the company possesses the opportunity to be the first independent publicly held quantum computing company to achieve sustained profitability.
180 Degree Capital Corp., an investment management firm, recently released its Q1 2024 investor letter. Here is what the fund said:
“D-Wave Quantum Inc. (NYSE:QBTS): QBTS announced the availability of new quantum computing resources and partnerships to drive quantum computing adoption. The increase in QBTS’ stock price also allowed it to regain compliance with NYSE listing standards and the ability to tap its equity line of credit for additional capital to fund operations.
For the quarter, QBTS increased NAV by $0.09/share, or $0.9 million.”