InvestorPlace – Stock Market News, Stock Advice & Trading Tips
Embrace the future with your investment choices! While artificial intelligence may seem run-of-the-mill, the next era of innovation lies within quantum computing stocks. Quantum computers operate at the subatomic level, allowing particles to exist in multiple states simultaneously and revolutionizing processing speeds.
Imagine our classic computers as cars chugging along a dusty road, while quantum computers are sleek, high-speed bullet trains hurtling toward the future! The ability of quantum computing to handle complex problems will enhance various sectors, from predictive analytics to pattern recognition and optimization tasks.
Let’s delve into the top quantum computing stocks for astute investors looking to ride this wave of innovation, heralding a new era in technology that promises to reshape our world.
Advanced Micro Devices (AMD)
Source: JHVEPhoto / Shutterstock.com
Advanced Micro Devices (NASDAQ:AMD) is gaining momentum in the quantum computing realm. With recent advancements in this field and new chips for generative AI, AMD is on an upward trajectory toward greater success.
Notably, AMD collaborates with quantum computing company Riverlane, utilizing AMD’s Zinq UltraScale+ RFSoC as a platform to facilitate quantum computing operations. This partnership is a testament to AMD’s commitment to innovation.
In Q4 of 2023, AMD reported revenue of $6.1 billion, a 10% increase from the previous year. Net income surged over 3,000% to $667 million, with earnings per share standing at 41 cents – a significant improvement over the previous year’s performance. With a 140% stock increase over the last year and an “A” rating in the Portfolio Grader, AMD stands out as a top choice in the quantum computing arena.
Nvidia (NVDA)
Source: Shutterstock
No quantum computing discussion would be complete without mentioning Nvidia (NASDAQ:NVDA). As the third-largest company globally in terms of market capitalization, Nvidia continues to invest its wealth in cutting-edge technologies, including quantum computing.
Nvidia’s Cuda Quantum platform, a groundbreaking open-source platform, enables developers to incorporate and program quantum processing units, GPUs, and central processing units into a single system, driving innovation in this field.
With the introduction of cuQuantum, a software development kit designed to accelerate quantum computing workflows, Nvidia is at the forefront of driving speed in quantum circuit simulations. This commitment to advancement is reflected in the company’s fiscal Q4 2024 earnings of $22.1 billion, a remarkable 265% increase from the previous year.
Nvidia’s stock performance underscores its leadership position, with a 239% growth in 2023 and a further 60% increase in 2024. Awarded an “A” rating in the Portfolio Grader, Nvidia remains a key player in the quantum computing landscape.
Microsoft (MSFT)
Source: VDB Photos / Shutterstock.com
With a staggering market capitalization of $3 trillion, Microsoft (NASDAQ:MSFT) stands as the most valuable company globally, enabling substantial investments in quantum computing development.
Azure Quantum, Microsoft’s cloud service offering, empowers users to construct and refine quantum algorithms, accelerating scientific discovery and facilitating problem-solving in materials sciences and chemistry equations. The platform collaborates with top quantum hardware providers, including Quantinuum, IonQ (NYSE:IONQ), and Rigetti Computing (NASDA:RGTI).
Microsoft’s revenue in Q2 of fiscal 2024 reached $62 billion, a notable 18% uplift from the previous year. With a 63% stock appreciation over the last 12 months and an “A” rating in the Portfolio Grader, Microsoft exemplifies excellence in the quantum computing sector.
International Business Machines (IBM)
Source: Twin Design / Shutterstock.com
International Business Machines (NYSE:IBM) is a stalwart choice for investors seeking exposure to the quantum computing realm.
IBM pioneered cloud-based quantum processors eight years ago, allowing widespread access to quantum experimentation. In 2019, the company unveiled Quantum System One, its first circuit-based quantum computer, now succeeded by Quantum System Two, the first modular quantum computer introduced in December.
Looking ahead, IBM’s vision for the next decade emphasizes ongoing quantum computing development, fostering scientific exploration as articulated by Dario Gil, Senior VP and Research Director.
With a 53% stock surge in the last year and an “A” rating in the Portfolio Grader, IBM continues to hold its ground as a top player in the quantum computing market.
Super Micro Computer (SMCI)
Source: rafapress / Shutterstock.com
Super Micro Computer (NASDAQ:SMCI) plays a pivotal role in the quantum computing ecosystem, providing essential server housing units and storage solutions that underpin powerful computers driving complex computations such as generative AI.
By offering customized configurations validated by Supermicro, the company caters to diverse customer needs, enhancing operational efficiency. As quantum computing gains traction, Supermicro’s server housing units are poised to play a crucial role in facilitating this groundbreaking technology’s widespread adoption.
Boasting over 1,000 high-end server customers, primarily comprising small to medium-sized businesses, Supermicro enjoys robust momentum, solidifying its position as a fundamental player in the quantum computing supply chain.
A dynamic force in the market, SMCI stock stands out as one of the best-performing stocks, reflecting the company’s strategic positioning within the quantum computing landscape.
Revolutionizing Investments: A Closer Look at Leading Quantum Computing Stocks
Exploring Dell Technologies (DELL)
Source: Jonathan Weiss / Shutterstock.com
Delving into the realm of quantum computing, Dell Technologies (NYSE: DELL) emerges as a distinguished player. Known predominantly for its array of laptops, desktop computers, and notebooks, Dell goes beyond conventional computing. The company houses a generative AI platform aimed at empowering customers to dissect data meticulously and foster sharper decision-making.
Partnering for progress,
in quantum computing, Dell forges alliances with industry giants like Nvidia, strategically merging its PowerEdge platform with Nvidia’s H100 GPUs and Nvidia cuQuantum.
Not tethered by tradition,
the collaboration with IonQ underscores Dell’s quest for innovative solutions, as it endeavors to craft integrated hybrid quantum/classical systems.
Boasting a remarkable surge of 216% in stock value over the past year, Dell earns a praiseworthy “A” rating in the esteemed Portfolio Grader.
The Intrigue of QuickLogic Corp. (QUIK)
Source: Shutterstock
Stepping into the limelight, QuickLogic Corp. (NASDAQ: QUIK) shines as a semiconductor marvel. Its expertise lies in crafting low-power, multi-core semiconductor platforms that serve a myriad of sectors including industrial, aerospace, defense, AI, and consumer electronics.
With an auxiliary arm known as SensiML,
the company enriches the landscape by providing AI and machine learning software tailored for mobile devices. In specialized domains like healthcare and industrial settings, SensiML’s offerings prove invaluable.
In face of cyber threats,
the emphasis on cybersecurity intensifies, compelling QuickLogic to partner with Xiphera, a stalwart in cryptographic security. Together, they fortify QuickLogic’s embedded field programmable gate arrays with secure cryptographic IP cores.
Navigating through a robust 2023,
QuickLogic reports a notable revenue spike from $16.18 million to $21.2 million. Marking a shift, the year witnesses a modest operating profit compared to the preceding year’s loss of $3.8 million.
The spellbinding ascendancy, manifest in a 225% surge of QUIK stock value over the past year, cements QuickLogic’s position with a coveted “A” rating in the Portfolio Grader.
More From InvestorPlace
The post 7 A-Rated Quantum Computing Stocks to Buy in March appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
