Quantum computing is always an area that fascinates everyone, even if one doesn't understand it completely. However, investing in the stocks related to this technology also comes with some risk.
After looking through the S&P 500 index, experts have picked these quantum stocks: Alphabet, Honeywell, and Microsoft.
Alphabet is the company behind Google, Gmail, and several other products & services. In 2024, Alphabet unveiled a new Willow Quantum Chip.
There's no doubt that it was a major breakthrough that will make it possible to do complex calculations way faster than the super computer. What would take thousands of years could be done with quantum computing within minutes.
What makes Alphabet such a good stock is that it also has a strong presence in other fields. Including AI, cloud, search, and quantum technology.
Another good quantum stock is Honeywell, which is involved in sustainable energy, security, automation, and aerospace.
The market cap of Honeywell is $142 billion, and it has an income of $7.15 billion. The firm is involved in a lot of things, from safety sensors to aircraft engines and so on.
Honeywell has formed a company called Quantinuum and is planning to build a computer system using quantum technology.
But for now, quantum technology is still a term from the future, and we don't know whether it will be a success or not.
The third stock is Microsoft which is a big name from the S&P 500 index. Microsoft is involved in OS, productivity software, AI, gaming, & so on.
Microsoft is also involved in quantum tech via its Azure Quantum Platform. The company wants to develop the next age of powerful & fast computers.
All of these are strong stocks which are involved in the quantum computing technology. The best part? Investing in these 3 stocks is less risky as they also have a tons of other businesses.