The Zacks Analyst Blog highlights quantum computing stocks like Rigetti, IonQ, and more

From Nasdaq: 2025-01-16 04:08:00

Zacks.com highlights quantum computing stocks like Rigetti Computing, Inc. and IonQ, Inc. as the next big thing in tech. The global quantum computing market is projected to reach $5.3 billion by 2029. Rigetti focuses on designing cost-effective quantum processing units, while IonQ aims to reduce QPU size for more powerful computers.

Both Rigetti and IonQ stocks have seen record highs, with expected revenue growth. However, investors should be cautious of their high valuations and the potential for operational hazards in the nascent quantum computing field. It may take years for profitability, as noted by NVIDIA CEO Jensen Huang.

Zacks names a top semiconductor stock, positioned for growth in AI and IoT markets. Global semiconductor manufacturing is projected to double by 2028. For more insights and recommendations from Zacks Investment Research, download their free report on the 7 Best Stocks for the Next 30 Days featuring companies like Microsoft Corporation, NVIDIA Corporation, Alphabet Inc., IonQ, Inc., and Rigetti Computing, Inc.



Read more at Nasdaq: The Zacks Analyst Blog Highlights NVIDIA, Microsoft, Rigetti, IonQ and Alphabet