AI stocks are stealing the spotlight from other emerging technologies, including quantum computing stocks. But don't worry, the explosion of quantum computing stocks in the US market is just a matter of time.
According to BCC Research, this market is expected to grow at a whopping 48.1% CAGR from 2022 to 2028, reaching a whopping $6.5 billion!
Here are three quantum computing stocks in the US market that combine stability with upside potential:
1.IBM
$IBM(IBM)$ is a pioneer in the quantum computing space. IBM Quantum is a world leader in building quantum hardware and plays a crucial role in commercializing this technology. Their goal? To effectively scale quantum computing to solve complex problems, reduce error rates, and develop industry-specific applications.
To that end, they've developed the IBM Quantum Experience cloud platform, the IBM Quantum System Two computer, and the IBM Quantum Heron processor. Plus, their IBM Quantum Network has partnered with over 250 companies globally.
2.Honeywell
$Honeywell(HON)$ is a US multinational giant with fingers in many pies, including aerospace, building technologies, and high-performance materials. But they're also making big bets on quantum computing.
In 2021, Quantinuum, a quantum computing company formed by the merger of Honeywell's quantum division and Cambridge Quantum, announced the launch of the H2 quantum computing system. This company is now valued at a whopping $5 billion.
Plus, Honeywell recently acquired Italian aerospace company Civitanavi Systems, which presents integration opportunities with their quantum computing business. And did you know they've been paying dividends consecutively for the past 21 years?
3.IonQ
$IONQ Inc.(IONQ)$ is a pure-play quantum computing company that claims to have developed the world's most powerful 32-qubit quantum computer. Their goal? To develop modular quantum computers that meet diverse needs through scalability and customization.
In 2021, IonQ went public through a SPAC IPO, becoming the "first quantum computing stock." Plus, they're growing rapidly, with revenue up 98% year-over-year. Sales are expected to be between $37 and 41 million this year, slightly below analyst expectations. But analysts predict their sales will skyrocket to $82.4 million by fiscal 2025, indicating nearly 99% upside potential for their stock price.
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