Not IonQ. Not Rigetti Computing. This Quantum Computing Stock Is the One I'd Buy and Hold Through 2030.
IonQ and Rigetti Computing are two popular pure-play quantum computing stocks.
Quantum computing holds the promise of transforming industries such as drug discovery, materials science, cybersecurity, and financial services. Investors are seeking promising companies in this AI sector, with IonQ (IONQ) and Rigetti Computing (RGTI) being among the most closely followed pure-play quantum computing stocks. However, neither company has yet established a consistently profitable business, as commercially viable quantum computing is years away.
Meanwhile, Alphabet (GOOGL) has made significant breakthroughs in the quantum computing landscape. Google's Quantum AI division introduced a breakthrough involving its Willow quantum processor, which reduced errors by 40x compared to earlier testing. This progress addresses one of quantum computing's biggest challenges: error correction.
Unlike IonQ and Rigetti, Alphabet possesses a profitable technology giant with multiple opportunities for revenue growth through 2030. Its existing businesses, such as Google Search, YouTube, Android, and Google Cloud, provide financial stability to support ongoing research. Consequently, Alphabet's stock offers exposure to new quantum technology without depending on its immediate success.
With a robust profitability, expanding AI ecosystem, and reasonable valuation, Alphabet emerges as the best quantum computing stock to buy and hold through 2030.
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