2 Unstoppable Quantum Computing Stocks to Buy Hand Over Fist Before the Next Rally
IonQ's revenue rose 287% and Rigetti's 185% last quarter, but both carry steep valuations. Here's how the two compare on risk and fit.
Quantum computing is becoming more mainstream, offering exciting investment prospects. Two companies, IonQ and Rigetti Computing, are making significant progress in this field. IonQ's platform includes hardware, networking, and cybersecurity components, giving it multiple avenues to capitalize on quantum technology's commercialization.
Their trapped-ion approach promises highly accurate quantum operations, crucial for developing more potent and reliable systems. Recent milestones, such as the first end-to-end real-time quantum error decoder and quantum memory-enhanced interconnect, bolster their prospects. Additionally, IonQ's acquisition of SkyWater Technology enhances its hardware manufacturing capabilities, streamlining production and enabling specialized chip development.
Rigetti Computing, on the other hand, employs superconducting qubits, providing rapid gate speeds for faster quantum operations. Their chiplet strategy, combining smaller processor units, has already been demonstrated in the Cepheus-1-108Q system. Rigetti's recent growth in revenue, driven by partnerships with tech giants and research institutions, signals their role in various industries, including AI, scientific research, and national security.
However, both companies face substantial risks as quantum computing remains in its early stages and has yet to achieve widespread commercial adoption.
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