HomeBusiness2 Quantum Computing Stocks That Can Boost Your Portfolio

2 Quantum Computing Stocks That Can Boost Your Portfolio

Quantum computing stocks have emerged as one of the hottest investment themes of 2024 Defiance Quantum ETF (NASDAQ: QTUM) up 49.4% year to date, almost doubling S&P500‘s robust gain of 24.3%. While widespread commercial quantum computers may take years to develop, major technological breakthroughs have led to an early rush toward what many see as the next computing revolution.

The excitement isn’t just speculative hype. Quantum computing has reached two groundbreaking milestones in 2024, indicating that we are approaching a technological tipping point.

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Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) made history with its Willow quantum computing system, which demonstrated the ability to reduce errors as the number of qubits increases exponentially. This breakthrough solves a problem that has plagued researchers for almost thirty years. Even more impressive, in less than five minutes, Willow completed a benchmark calculation that would take today’s fastest supercomputers 10 septillion years to solve – a time span far greater than the age of the universe.

Meanwhile, quantum computing startup Infleqtion is working with Nvidia (NASDAQ: NVDA)achieved another first by demonstrating a practical materials science application using logic qubits. This breakthrough, which delivered a sixfold increase in computing accuracy, signals the potential of quantum computing to revolutionize everything from battery technology to superconductors.

Although quantum computing is still in its infancy, these early breakthroughs, spurred by tech giants Alphabet and Nvidia, suggest that we may be on the cusp of a computing revolution. Two companies are pioneering this transformative technology that could boost your portfolio in 2025 and beyond.

Leader in the field of trapped ion quantum computers IonQ (NYSE: IONQ) has become one of the standout quantum computing stocks of 2024. The company’s new approach uses ionized atoms at the heart of its quantum systems, enabling longer and more advanced calculations with fewer errors than competing approaches. IonQ’s platform integrates with all major cloud providers and supports multiple programming languages, making quantum computing highly accessible to developers and researchers.

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The company’s competitive advantages stem from deep academic roots in ion trap technology spanning more than 25 years of research and proven commercial traction through government-industry partnerships. IonQ has also expanded into quantum networks, working at the intersection of quantum computing and the future quantum internet.

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