5 Best Quantum Computing Stocks To Buy

3. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 69

Intel Corporation (NASDAQ:INTC) is a Santa Clara, California-based company known for producing semiconductor chips globally.

Intel Corporation (NASDAQ:INTC) is aggressively working on gaining supremacy in the quantum computing industry and intends to achieve the capability to mass produce quantum computing chips in the near future. In October 2022, Intel Corporation (NASDAQ:INTC) reached a key milestone in research related to the manufacturing of quantum computing-related chips. Through its research, Intel Corporation (NASDAQ:INTC) established that it could manufacture stable quantum dots in a controlled environment in its existing facilities. The company has made significant advancements in silicon spin qubit fabrication utilizing its transistor fabrication method, making it one of the best quantum computing stocks to invest in. Intel Corporation (NASDAQ:INTC) also offers an annual forward dividend yield of 4.96% as of December 6.

ClearBridge Investments shared its long-term bullish outlook on Intel Corporation (NASDAQ:INTC) in its Q3 2022 investor letter. Here’s what the firm said:

“Also on the detractor side, Intel Corporation (NASDAQ:INTC) delivered a disappointing revenue miss and lowered full-year revenue and earnings guidance as COVID-19-driven demand for PCs abated (where Intel enjoys half its sales) and a delay in its flagship Sapphire Rapids CPU hurt its data center business. Despite these issues, we still believe Intel is an economically sensitive turnaround story with substantial upside.”

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