In 2024, the U.S. led in quantum computing patents, with IBM and Alphabet dominating. Rigetti topped pure-play companies in U.S. quantum patents. Quantum computers can solve complex problems classical ones can’t, with a global market projected to reach $90-170 billion by 2040, growing at a 30-35% CAGR.

Investors tracking quantum computing patents can gain insights into emerging technologies, aiding investment decisions. Monitoring liquidity metrics and quarterly reports are crucial for tech investors. Major players in the quantum computing field include IBM, Alphabet, Microsoft, Amazon, and pure plays like IonQ, Rigetti, and D-Wave.

Nvidia received three U.S. quantum computing patents in 2024, signaling increased involvement in the field. Its latest offering, NVQLink, connects quantum processors with AI-powered GPUs, facilitating hybrid quantum-classical computers. Quality of patents is gauged by citation frequency, with D-Wave, Northrop Grumman, and Rigetti standing out in average forward citations per U.S. quantum patent.

Northrop Grumman, a key player in quantum technologies, holds 56 U.S. quantum patents and ranks ninth in total patents. Before investing in Nvidia, consider that it wasn’t among the 10 best stocks identified by the Motley Fool Stock Advisor team. These top picks have the potential for significant returns in the future, surpassing Nvidia’s performance.

Beth McKenna holds positions in Nvidia. The Motley Fool recommends and has positions in various tech companies like Alphabet, Amazon, Intel, and Microsoft. It also recommends long calls on Microsoft and short calls on Intel. For disclosure policies and more information, visit The Motley Fool’s website.

Read more at Yahoo Finance: How the Quantum Computing Players Stack Up by Patents (Yes, Nvidia Has Such Patents)