3 Quantum Computing Stocks That Can Make You a Millionaire by 2025
Quantum computing has been a hot topic recently as scientists and investors look to harness this groundbreaking technology’s power. One promising avenue in this area is the field of quantum computing stocks. They are rapidly gaining popularity among investors looking for high-potential opportunities. These stocks offer access to cutting-edge research and developments in the rapidly growing world of quantum computing. At the same time, they offer lucrative returns in the years ahead for risk-tolerant investors.
Whether you’re an avid tech investor or simply curious about exploring the world of quantum computing stocks, there’s no doubt that this field provides an exciting and potentially lucrative opportunity to get in on the ground level of a revolutionary new technology.
So why not take a deeper dive into this exciting space today? The future could be just around the corner regarding quantum computing stocks.
Symbol | Company | Price |
TSM | Taiwan Semiconductor Manufacturing Co. Ltd. | $62.48 |
NVDA | Nvidia Corp. | $141.56 |
AMZN | Amazon | $90.98 |
Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)
With the growing demand for quantum computing technology, companies like Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) have been working to stay competitive in this emerging market. In partnership with Taiwan’s Ministry of Science and Technology, the company has launched a cloud computing platform that will give businesses access to cutting-edge quantum computing algorithms and resources. The tie-up between the two entities reportedly could last for five years.
By leveraging cloud computing capabilities, TSMC is well-positioned to help businesses take advantage of the unique benefits of quantum devices. TSMC’s early entry into this space makes it an attractive investment opportunity for those looking to capitalize on this growing industry.
As this company’s performance has been exemplary, it is no wonder that its financials show a similar level of success. TSMC has managed to deliver consistent, excellent financial results and other improvements. Since 1994, the company has delivered, on average, revenue growth of 17.5% and earnings growth of 17.1%. To maintain this momentum in the coming years, TSMC has set ambitious goals for 2021-2026. Specifically, the company aims to achieve revenue growth of between 15% and 20% in U.S. dollar terms, as well as margins of over 53% and an ROE of 25% or higher.
Whether you’re looking for quantum computing stocks or simply interested in keeping up with technological advancements in this space, TSMC is definitely one company worth keeping an eye on.
Nvidia Corp. (NVDA)
Nvidia (NASDAQ:NVDA) has always been at the forefront of cutting-edge technologies. So it was no surprise when Nvidia unveiled its groundbreaking QODA platform in July 2022. It is a hybrid quantum-classical computing platform designed to revolutionize artificial intelligence and high-performance computing. From handling vast amounts of complex data to improving healthcare outcomes and tackling climate change, Nvidia’s QODA is set to shake up the world of computing as we know it.
As the tech industry is shaken up by a selloff this year, Nvidia has had falling earnings. In addition, investor sentiment will continue to be muted thanks to the restrictions on chip exports to China and the slowdown in PC sales.
However, Nvidia’s GPUs continue to dominate this market with 80% of total processor sales. Meanwhile, demand for data center accelerators such as graphics cards, central processing units (CPU), and data processing units have been rising for some time now. The data center accelerator market is forecasted to be worth $21.2 billion by 2022 and is projected to grow to $64.0 billion by 2027 at a CAGR of 24.7%.
As such, Nvidia is an ideal choice for investors seeking to capitalize on both traditional and emerging technologies. Whether you’re looking to protect your portfolio against volatility or build your wealth exponentially over time through groundbreaking innovations, this stock is an excellent option.
Amazon (AMZN)
Amazon (NASDAQ:AMZN) is the world’s leading company in several sectors, most notably e-commerce. However, despite Amazon’s success in these segments, the company is investing heavily in a new area: quantum computing. While this segment is small at the moment, Amazon has the resources to establish itself as a major player in the field.
In June 2022, Amazon announced Amazon Braket. This fully-managed quantum computing service provides users immediate access to state-of-the-art software and hardware tools for working with quantum systems.
Amazon’s investment in quantum computing also extends beyond Amazon Braket. The company has launched initiatives such as the AWS Center for Quantum Networking to develop cutting-edge solutions for building quantum networks and the Amazon Quantum Solutions Lab and AWS Center for Quantum Computing to explore new technologies and applications for quantum computing systems.
Thanks to Amazon’s pioneering spirit, it is one of the top quantum computing stocks on the market today. Whether Amazon ultimately conquers this sector or not remains to be seen. But there can be no doubt that it will play a key role in shaping the future of quantum computing. So if you’re looking for an investment with both long-term and industry-shaking potential, Amazon should definitely be on your radar.
On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.