Quantum computing is on the rise, with the Boston Consulting Group estimating the market could be valued between $90 billion and $170 billion by 2040. As the technology advances, companies like Microsoft and IBM are positioning themselves to capitalize on this growth.
Microsoft (NASDAQ: MSFT) recently introduced Majorana 1, the world’s first quantum chip based on a topological core, and has a market cap of $3.5 trillion. Meanwhile, IBM (NYSE: IBM) has deployed over 13 quantum systems and amassed around $1 billion in cumulative quantum business. Additionally, the Defiance Quantum ETF (NASDAQ: QTUM) diversifies investment across 73 companies involved in quantum technology and AI.
