5 Best Quantum Computing Stocks To Buy

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 269

Microsoft Corporation (NASDAQ:MSFT) is a Redmond, Washington-based diversified big tech company. The company is at the first position on our list of the 10 best quantum computing stocks to buy.

The company led by Satya Nadella has developed an application known as the Azure Quantum Resource Estimator. The application provides an estimated computing power required to execute a quantum algorithm within a reasonable period. The quantum bit or qubit can be either a zero or a one at the same time and is different from classical computing based on the binary system. Microsoft Corporation (NASDAQ:MSFT) has also achieved the key milestone of developing a topological qubit that ensures more stable and faster processing of data. Microsoft Corporation’s (NASDAQ:MSFT) annual forward dividend yield stands at 1.07% as of December 6.

Here’s what Diamond Hill Capital said about Microsoft Corporation (NASDAQ:MSFT) in its Q3 2022 investor letter:

“Also among our bottom contributors were media and technology giant Alphabet, software and IT services provider Microsoft Corporation (NASDAQ:MSFT) and insurance company American International Group (AIG). Microsoft shares declined in Q3, along with other tech companies, as rising interest rates impacted the near-term outlook. We expect the business to continue to generate strong revenue growth and benefit from operating leverage. Microsoft’s cloud computing services business, Azure, is generating robust growth, confirming its competitive positioning.”

You can also take a peek at the 12 Best Augmented Reality Stocks To Buy and 12 Monthly Dividend Stocks Under $10.

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