5 Biggest Quantum Computing Companies in the World

2. Alphabet Inc. (NASDAQ:GOOGL)

Market Capitalization: $1.371 trillion

2022 Total Revenue: $282.84 billion

Alphabet Inc. (NASDAQ:GOOGL) is a Mountain View, California-based technology holding company with companies like Google, YouTube, and Waymo under its wing. The corporation is one of the most prominent players in the quantum computing industry, having made significant advancements in developing quantum hardware and algorithms. Alphabet Inc. (NASDAQ:GOOGL) has 762 outstanding patents related to quantum computing. Google has developed the Sycamore quantum processor, which contains 54 superconducting qubits. Alphabet Inc. (NASDAQ:GOOGL) claims that the processor has achieved quantum supremacy as it can perform a calculation in just 3 minutes and 20 seconds, which would require a classical computer 10,000 years to perform.

Here’s what Vulcan Value Partners said about Alphabet Inc. (NASDAQ:GOOGL) in its Q1 2023 investor letter:

“Additionally, Skyworks Solutions, Amazon, Alphabet Inc. (NASDAQ:GOOG), KKR & Co., and TransDigm Group were all material contributors during the quarter. We have discussed these companies at length in prior letters. Alphabet reported mixed results in a tough environment. The company is working to adjust its cost structure in light of the current macroeconomic environment. All of these companies are executing well, their theses are intact, and we are pleased to own them at a discount to our estimate of intrinsic value.”