If I Could Only Buy 1 Quantum Computing Stock, This Would Be It
Yahoo Finance ·
Quantum computing may seem like a science fiction technology, but it's coming quicker than most realize. While the previous projection for useful quantum computing technology was 2030, several companies have accelerated their timeline to 2029. With that in mind, investors need to pay attention to this industry, as it could have significant impacts in the tech sector. One of my favorite companies in this space is IonQ ( IONQ -0.14% ) , and if I were limited to one quantum computing company, I think I'd invest in it. While it may be a high-risk pick, the upside is immense, and some of the other competitors may not feel the impact as greatly as IonQ will. The quantum computing space is full of potent competitors . Legacy companies like Alphabet , Microsoft , and International Business Machines are all competing and have a ton of resources to pour into developing useful quantum computing technology. However, if they achieve this goal, the impact on their overall financial picture will likely be somewhat minimal, making them poor quantum computing investments in terms of maximum upside. Instead, I'm focusing on IonQ, which is a pure-play quantum computing investment that must make a viable quantum computing product to avoid going bankrupt. That's a stark reality, but it's one that investors in this space must grapple with. The best comparison is a biotech company. Many of these stocks go bust, but the ones that work out make investors a small fortune.
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