Significant breakthroughs in quantum computing lead to surge in stocks, potential growth predicted.

From Nasdaq: 2025-01-06 09:00:00

In December, pure-play quantum computing stocks saw a surge after Alphabet’s Google unit announced significant breakthroughs in the field, bringing quantum computing closer to its potential. Tech experts project a global market worth $90 billion to $170 billion by 2040, with a CAGR of 31%-37% through 2040, up from $770 million in 2023.

IBM explains how quantum computers work using qubits in superposition to encode more data than binary bits. Quantum computers can store both zero and one simultaneously, allowing for exponential scaling.

Investing in a quantum computing ETF may be less risky than individual stocks, especially in the volatile quantum computing space. The Defiance Quantum ETF (NASDAQ: QTUM) has outperformed major indexes and focuses on companies like Rigetti Computing, D-Wave Quantum, and IonQ.

The Defiance Quantum ETF offers diversification with 71 holdings and an equal-weighted approach. Top holdings include Rigetti Computing, D-Wave Quantum, and IonQ, with many other tech and chip companies included to mitigate risk.

IBM and Alphabet are considered leaders in quantum computing, with IBM’s Qiskit platform and Alphabet’s Google Quantum AI making significant advancements in quantum chip technology.

Don’t miss out on potential investment opportunities with “Double Down” stock recommendations from analysts. Past successes include Nvidia, Apple, and Netflix, with alerts for three new companies currently available.

Disclaimer: The author’s opinions do not reflect Nasdaq, Inc. views. John Mackey and Suzanne Frey are board members of The Motley Fool, which recommends and has positions in various tech companies mentioned.



Read more at Nasdaq: Want to Buy a Quantum Computing Stock in 2025? You Might Consider This Quantum Computing ETF.