Zacks highlights key stocks including NVIDIA, Microsoft, Rigetti, IonQ, and Alphabet, focusing on their growth potential in quantum computing.
You know how AI is all the rage? Well, quantum computers are the next big thing. They can tackle problems way faster than the usual computers we have now. Rigetti and IonQ have been making some serious gains lately, and it looks like the quantum computing market is set to explode from $1.3 billion to $5.3 billion by 2029. That’s a huge jump!
Now, if you’re wondering which stock to pick between Rigetti and IonQ, here’s the scoop. Rigetti is all about building affordable quantum processing units, and they’ve got a hot product in demand. IonQ, on the other hand, is working on some cool tech that could shrink their quantum processors down to size. Both companies are on the rise, but they come with some risks.
Investing in these stocks might seem tempting, but hold your horses! They’re trading at some pretty high valuations. Plus, the quantum computing scene is still in its early days, and it might take a while for these companies to turn a profit. Even NVIDIA’s CEO thinks it’ll be at least 15 years before we see quantum computers really take off.
So, if you’re thinking about jumping in, it might be wise to wait and see how things unfold. Right now, both Rigetti and IonQ have a Zacks Rank of #3, which means they’re holding steady. Just keep an eye on them!
