Quantum computing, though still in its early stages, is expected to be the next big revolution after artificial intelligence. This emerging technology can tackle complex problems more quickly than traditional computers due to its ability to process information using quantum bits (qubits) instead of regular bits. Thus, investing in quantum computing stocks could give long-term investors a chance to benefit from new technology and market growth.
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To find such stocks, take a look at TipRanks’ Quantum Computing Stocks page. It allows you to compare stocks based on analyst consensus, price targets, and key technical indicators among others.
When choosing stocks to buy, it is essential to evaluate their upside potential. Thus, here are today’s top quantum computing stock picks, each with over 30% upside potential in the next 12 months. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
D-Wave Quantum (QBTS) – QBTS recently introduced on-premises Advantage quantum computing systems for research centers and governments. They also launched the Leap Quantum LaunchPad program for faster deployment of quantum computing applications. Overall, the analyst consensus on the stock is Strong Buy. Based on the average price target of $8.13, QBTS stock has a potential upside of 34.6%.
Onto Innovation (ONTO) – Onto Innovation is focused on advanced metrology and inspection solutions that support manufacturing of quantum devices. The stock has earned an analyst consensus of Strong Buy. Also, ONTO stock an average price target of $247.50 which implies upside of 46.8%.
Nvidia (NVDA) – NVDA is integrating quantum processing units (QPUs) with AI supercomputers to create accelerated quantum systems. Also, it introduced the CUDA-QX platform for hybrid quantum-classical computing and launched the cuQuantum library for quantum circuit simulation. NVDA stock has an analyst consensus of Strong Buy. Also, its average price target of $178.86 implies upside potential of 36.4%.
