Quantum Computing Stocks To Buy

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Quantum Computing Stocks To Buy

Two Quantum Computing Stocks To Consider

Quantum computing is the next big thing, and everyone knows it. According to experts, it will make it easy to process information at a blazing-fast speed.

While normal computers store information in 0s and 1s, quantum computers will store it in qubits. Right now, quantum computers are very large and cost a lot of money.

D-Wave Quantum Is A Better Choice

In the near future, they could become more affordable and smaller in size. But for now, the quantum computers are used for the research purposes.

The two quantum computing stocks that have a lot of potential are D-Wave Quantum and Rigetti Computing. Both of these are early movers and have secured big gains in the stock market.

The D-Wave Quantum is up by 390%, while the Rigetti Computing has gained 470% in the last 12 months. So as far as the quantum computing sector is concerned, these two stocks remain the top choice.

However, experts also added that D-Wave and Rigetti stock price also reflects their future growth. In other words, it's already priced in, which makes things complicated. The enterprise value of D-Wave is $3.09 billion, while Rigetti's value is around $2.83 billion.

Another thing to point out is that D-Wave and Rigetti are still unprofitable. And it will remain that way during the next 3 years.

This means the company will have to keep onboarding new investors in order to raise free cash and stay liquid. That can be confirmed by the fact that Rigetti and the other firms have massively increased their outstanding shares.

In short, the stocks of these two quantum computing firms have gone through a lot of dilution, and they will remain like that for the next few years.

Amidst all of this, another factor to consider is that the insiders of D-Wave have sold 80% more shares as compared to Rigetti.

So, if you really have to choose between the D-Wave and the Rigetti, then the D-Wave stock is the better option with more upside potential.

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