Potential for growth in quantum computing with companies like NVIDIA leading the way

From Nasdaq: 2024-12-23 14:33:00

In the latest episode of ETF Spotlight, Kevin Cook discusses the potential of quantum computing, highlighting the recent surge in quantum stocks. Quantum computers, using qubits, can revolutionize computing by processing information at exponential rates. Companies like Google, Microsoft, Amazon, and NVIDIA are actively developing quantum technologies. However, challenges remain in making commercially viable quantum computing a reality.

Despite the fragility of qubits and the need for extremely cold temperatures, recent advancements suggest commercially viable quantum computing could be just years away. Smaller companies like Rigetti Computing, D-Wave Quantum, and IonQ have seen significant gains. Kevin Cook recommends caution with smaller companies and labels NVIDIA as the top pick for investors looking to capitalize on quantum computing.

For now, investing in a diversified approach like the Defiance Quantum ETF (QTUM) makes sense. This ETF focuses on companies at the forefront of quantum computing and other transformative technologies. Stay tuned for more insights on the next edition of the ETF Spotlight podcast. For more information, email [email protected] and subscribe to Zacks’ free Fund Newsletter for weekly updates on top-performing ETFs.



Read more at Nasdaq: Quantum Computing: Hype or Investment Opportunity?