5 Quantum Computing Stocks Billionaires Are Loading Up On

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Billionaire Investors: 33

Dollar Value of Billionaire Holdings: $27,521,760,421

Number of Hedge Fund Holders: 289

Microsoft Corporation (NASDAQ:MSFT) offers access to quantum computers by IonQ and Quantinuum through the company’s Azure Cloud Computing services. The Redmond, Washington-based technology giant recognizes the importance of contributing to a quantum-safe future and has implemented safeguards in its systems to prevent any malicious use of its cloud-based quantum computing services. Microsoft Corporation (NASDAQ:MSFT) has also invested in post-quantum cryptography (PQC) to address the evolving cryptographic landscape.

Here’s what Diamond Hill Capital said about Microsoft Corporation (NASDAQ:MSFT) in its Q1 2023 investor letter:

“We did have several strong performing stocks this quarter. Our top contributors to return included NVR, Amazon, Alphabet, Microsoft Corporation (NASDAQ:MSFT) and Booking Holdings, all of which posted double-digit gains.

Shares of software and IT services provider Microsoft rallied as investors became less cautious about the potential for growth deceleration in Azure, its public cloud business, and more focused on opportunities in search after the company announced an investment in and long-term partnership with OpenAI, the company that developed ChatGPT. Microsoft’s net cash balance sheet also seemed to gain appreciation from investors who became more cautious about the economic cycle.”

Disclosure: None. You can also take a look at the 10 Countries Leading the Meme Coin Craze in 2023 and the 10 Most Popular Stocks on Robinhood.