3 Quantum Computing Stocks You’ll Regret Not Buying Soon

Quantum computers, renowned for their vastly superior speed and power, represent the cutting-edge of today's computer technology. These advanced processors are able to perform multiple operations simultaneously at a pace unmatched by traditional computers. If you're considering investment opportunities in this sector, here are three stocks worth considering: Rigetti (RGTI), Booz Allen Hamilton (BAH), and Quantum Computing (QUBT).

Rigetti (RGTI), listed on NASDAQ, has recently made a splash on the quantum scene with its launch of the remarkable 9 qubit Novera QPU. The gadget, based on the state-of-the-art Ankaa architecture, is laudable for its high-speed 2 qubit quantum operations, supported by an extra 5 qubit chip for more basic tasks. Produced at its groundbreaking Fab 1 facility, Rigetti's cutting-edge technological offerings reflect the company's dedication to excellence. Furthermore, despite a mixed financial picture for Q3 2023, with net losses of $22.2 million, Rigetti stands firm with $110.2 million in cash reserves, boosted by the sale of stock amounting to $12.7 million.

Booz Allen Hamilton (BAH), trading on the NYSE, presents itself as a noteworthy investment going into 2024, propelled by its remarkable results for the second quarter of the same fiscal year. With a year-over-year increase of 16.0% in quarterly revenue amounting to a staggering $2.7 billion, the company has posted its best first half ever. Coupled with their strategic advancements, including the implementation of DISA's Thunderdome architecture, and a lucrative seven-year contract worth $630 million with the U.S. Space Forces, Booz Allen Hamilton is positioned to play a significant role in national defense and cybersecurity.

Quantum Computing (QUBT) has generated attention with its recent financial report displaying revenue growth in Q3 2023. Notwithstanding being at the initial phase of market penetration, the company anticipates a substantial revenue boost in 2024, backed by successful project outcomes. Costly operational expenses owing to workforce expansion and massive R&D investments contributed to their Q3 2023 net loss of $8.3 million. Still, the secured hardware sales for its products, the Reservoir Computer and Quantum Random Number Generator signify an encouraging progress for Quantum Computing's commercial endeavors. Preparing to commence operations in its new quantum photonic chip manufacturing facility in Arizona in the first half of 2024, the firm is well-positioned to play a notable part in semiconductor research and manufacturing.

This article does not represent investment advice and the author, Gabriel Osorio Mazzilli, does not hold any positions in the aforementioned securities at the time of writing.