Quantum computing

Quantum Computing Stocks Canada

Quantum Computing (QC)

Quantum computing is now a reality of modern-day life. It has emerged as a viable segment of the global technology economy in recent years. As a result, the Quantum Computing Market is predicted to increase at a 40.1 percent compound annual growth rate (CAGR) to $10.6 billion by 2026, according to a report.

Today, many of the world’s biggest tech and software companies are working to integrate quantum computing into existing industries like logistics, aerospace, and artificial intelligence (AI). Furthermore, the healthcare and pharmaceutical industries are set to be among the first to reap the benefits of the technology’s limitless applications. 

QC will disrupt practically every business on the planet, from finance to biotechnology to cybersecurity, and everything in between once implemented at scale. By mimicking molecular processes, it will improve the way medications are developed. Moreover, it will optimize battery life, allowing for the development of hyper-efficient electric car batteries.

Furthermore, it will accelerate and improve portfolio optimization, risk modeling, and derivatives development in finance. It will change the way we think about encryption in cybersecurity. It will improve weather forecasting models, enable autonomous car technology breakthroughs, and aid human efforts to combat climate change.  Although still early, some well-known, highly successful corporations are investing heavily in QC research.

Quantum Computing Stocks Canada

(QCSC)  provides a low-cost approach to profit from the advancement of quantum computing. The company uses unique quantum mechanics, a fundamental theory in physics, for computation and complicated problem-solving. Furthermore, their devices have significantly more processing capabilities than classical computers.  

QCSC uses The Defiance Quantum ETF  option. Ideal for investors searching for a low-cost approach to profit from the advancement of quantum computing.

Advantages of using quantum computing

  • Cloud computing has aided in expanding quantum computer access by offering computations to researchers over a network link. 
  • Quantum computers exploit superposition  to  accelerate their computational rates.
  • Superposition is  a fundamental feature of quantum mechanics that occurs on a subatomic scale in which a system can exist in multiple quantum states simultaneously.

Widespread popularity

Today, many of the world’s biggest tech and software companies are working to integrate quantum computing into existing industries like logistics, aerospace, and artificial intelligence (AI). Furthermore, the healthcare and pharmaceutical industries are set to be among the first to reap the benefits of the technology’s limitless applications. 

QC will disrupt practically every business on the planet, from finance to biotechnology to cybersecurity, and everything in between once implemented at scale. By mimicking molecular processes, it will improve the way medications are developed. Moreover, it will optimize battery life, allowing for the development of hyper-efficient electric car batteries.

Furthermore, it will accelerate and improve portfolio optimization, risk modeling, and derivatives development in finance. It will change the way we think about encryption in cybersecurity. It will improve weather forecasting models, enable autonomous car technology breakthroughs, and aid human efforts to combat climate change.  Although still in its early stage, some well-known highly successful corporations are investing heavily in QC research.

Best Quantum Computing Stocks

Some of the world’s largest corporations are represented on this list of quantum computing firms. This is because they have a track record of success and the financial resources to advance quantum computing.

  • IBM (NYSE: IBM)
  • Microsoft (Nasdaq: MSFT)
  • Amazon (Nasdaq: AMZN)
  • Alphabet (Nasdaq: GOOG, Nasdaq: GOOGL)
  • Quantum Computing (OTC: QUBT)
  • Alibaba Group Holding Company (NYSE: BABA)
  • Intel (Nasdaq: INTC)
  • Baidu (BIDU)

International Business Machines Corporation (NYSE: IBM)

IBM is a multinational technology corporation that designs, develops, and distributes computer hardware and software. Moreover, customers can get integrated solutions and services from the organization. It’s a New York-based firm with some top quantum computing stocks to buy. IBM was one of the first companies to invest heavily in quantum research. As a result, it has already deployed 28 quantum computers. This is the world’s largest fleet of commercial devices, and IBM plans to scale systems up to 1,000 qubits and beyond.

Why IBM is a top quantum computing stock

More than 100 partners are currently collaborating with IBM Quantum Network. These collaborators work in various industries and are working on real-world commercial applications.  These technologies are being scaled down and made more accessible by IBM and available for free.  This is necessary for further adoption and innovation to take place. The plan is paying off, and IBM will remain one of the most valuable quantum computing stocks for decades to come.

Microsoft (Nasdaq: MSFT)

Microsoft, like IBM, takes a holistic approach to quantum computing. It is developing all of the technologies needed to scale a commercial application.

Microsoft is making strides in every tier of its computing stack. Controls, software, and development tools are all included. In addition, the Azure Quantum open cloud ecosystem was also built by Microsoft. This aids in the acceleration of innovation.

Furthermore, the IT behemoth is making significant progress with topological qubits. These outperform traditional qubits in terms of performance. 

They improve stability while lowering the overall number of qubits required. As a result, it’s a promising technology that should payout in the long run for stockholders.

Amazon (Nasdaq: AMZN)

Amazon focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. The Amazon Quantum Solutions Lab assists businesses in identifying potential opportunities. Clients are working with Amazon’s experts to comprehend quantum computing better. This aids in the development of novel algorithms and solutions.

Amazon Bracket, a quantum computing service on Amazon Web Services, is currently available. This service allows you to connect to D-Wave hardware, a significant QC business. However, it is not a publicly-traded company.

In general, Amazon continues to disrupt a variety of businesses. Moreover, quantum computing advancements should help drive the industry’s innovation even further.

Amazon.com, Inc. (NASDAQ: AMZN), actively investing in quantum computing, offers a fully managed service platform through its Amazon Braket.  In Amazon Bracket, researchers and developers receive assistance starting with the technology to speed R&D.

Alphabet (Nasdaq: GOOG, Nasdaq: GOOGL)

Alphabet Inc. (NASDAQ: GOOG) is a diversified technology business that operates as a worldwide corporation. The corporation, situated in California, owns and maintains many internet-based platforms. The market capitalization of Alphabet Inc. (NASDAQ: GOOG) is $1.86 trillion.

The Sycamore superconducting processor from Alphabet Inc. (NASDAQ: GOOG) is one of the world’s most notable quantum computer processors, with 53 qubits. The company’s  Artificial Intelligence Division performed a computation in 200 seconds in 2019, which would take a standard supercomputer over 10,000 years to complete, according to Alphabet Inc. (NASDAQ: GOOG). Alphabet Inc. (NASDAQ: GOOG) plans to construct a fully functional and useful quantum computer by 2029.

Alphabet stock is perhaps the finest buy among the several quantum computing stocks to buy for the next ten years. That’s because many people regard Alphabet’s quantum computing branch, Google AI Quantum, to be the world’s premier quantum computing effort, thanks to a state-of-the-art 54-qubit processor called Sycamore.

As a result of this feat, the Alphabet declared Sycamore to have achieved quantum supremacy. What exactly does this imply? This benchmark is loosely defined as when a computer can execute a task in an acceptable amount of time that no other supercomputer can.

Many people have questioned if Alphabet has truly achieved quantum dominance. The truth is that Alphabet has created the world’s most powerful quantum computer. The technology that surrounds this supercomputer will only improve.  Additionally, Sycamore’s computer power will also improve.. As a result, Alphabet has the potential to convert Sycamore into a market-leading quantum-computing-as-a-service firm. 

Qua, massive revenues at Selenium Computing (OTC: QUBT)

This is the lowest quantum stock on the list. It exposes you to QC up close and personal. This, however, makes it a higher-risk opportunity. However, the risk-to-reward ratio appears to be favorable for long-term investors.

Quantum Computing provides ready-to-run software that is hosted in the cloud. Its goal is to develop services that don’t require any quantum knowledge or training to use. As a result, more businesses will take advantage of new technologies due to this approach.

Additionally, this firm concentrates on real-world issues like logistics optimization, cybersecurity, and medical discovery. It’s doing this by teaming with hardware firms like D-Wave.

Alibaba Group Holding Limited (NYSE: BABA)

Alibaba Group Holding Limited (NYSE: BABA) is a multinational technology business in e-commerce, retail, and cloud computing. 

The company is one of the Chinese leaders in the fight for quantum computing dominance, with a “full stack” quantum business model that includes cloud-based quantum computer access and the development of proprietary algorithms, quantum computing hardware, software, and consulting services.

On August 3, the firm posted quarterly earnings of $2.57 per share, exceeding market expectations by $0.35. The company recorded $31.80 billion in revenue for the quarter, up 43.04 percent year over year. Furthermore, Alibaba Group Holding Limited (NYSE: BABA) was added to KGI Securities’ coverage on September 6, with a Neutral rating and a $26.33 price objective.

Intel (Nasdaq: INTC)

Intel Corporation (NASDAQ: INTC) is a California-based company that sells smart-device technologies and is one of the world’s major semiconductor producers. The company is valued at 218.31 billion dollars. It’s a semiconductor behemoth that’s working on a slew of cutting-edge technologies. For example, in Oregon, it has been producing quantum processors. In addition, the company wants to achieve production-level quantum computing within the next ten years.

With 49 qubits, Intel is on its third generation of quantum processors. The startup uses a novel approach, advancing a silicon technology known as “spin qubits.” In comparison to superconducting qubits, Intel claims it offers a scaling advantage. As a result, Intel is undoubtedly one of the best quantum computing stocks. Therefore, investing in this company exposes investors to various cutting-edge technology.

The collaboration between Intel Corporation (NASDAQ: INTC) and QuTech, based in the Netherlands, is focused on the design and production of the Horse Ridge cryogenic control chip. Their goal is,  with successful experimentation, to achieve the same results as room-temperature electronics while manipulating multiple silicon qubits.

Intel Corporation (NASDAQ: INTC), like Amazon.com, Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOG), and Microsoft Corporation (NASDAQ: MSFT), is attracting investor interest in 2021.

Baidu (BIDU)

Baidu is the other major Chinese IT business that has jumped into quantum computing head first. In 2018, Baidu established its quantum computing research facility. According to the corporate website, the purpose of this research facility is to integrate it into Baidu’s main businesses.

This indicates that Baidu’s quantum computing goal differs from usual. Others seek to develop it to sell as a service to third parties. However, Baidu intends to use it to boost its operations, at least in the short term.

Qc has the potential to boost Baidu’s primary search and advertising operations significantly. Advances in computer power can improve search engines and ad-targeting approaches considerably. Consequently, BIDU stock has a lot of potential thanks to its early investment in QC.

Quantum Computing Stocks Canada

(QCSC)  provides a low-cost approach to profit from the advancement of quantum computing.

The company uses unique quantum mechanics, a fundamental theory in physics, for computation and complicated problem-solving. Furthermore, their devices have significantly more processing capabilities than classical computers.

QCSC uses The Defiance Quantum ETF option. Ideal for investors searching for a low-cost approach to profit from the advancement of quantum computing.

The business behind this and other themed ETFs, Defiance ETFs, began in 2018, with its Quantum ETF releasing in September.

The Defiance Quantum ETF comprises 70 different securities, mostly semiconductor and software businesses working on quantum computing or that have some exposure to it. The fund is modest, with only $172 million in total assets under administration. Furthermore, it has a 0.40 percent expense ratio, which means that every $1,000 invested will cost $40 in annual expenses.

Defiance Quantum ETF’s Advantages:

  • Firstly, well-diversified exposure to the quantum computing field before it becomes widely commercialized.
  • Secondly,  The Defiance Quantum ETF  has doubled in value in its short lifespan, albeit this is due to growth in the technology industry as a whole rather than quantum computing particularly.
  • Defiance Quantum ETF will not implode if quantum computing doesn’t catch on. The reason is that technology companies rely on other tech trends like AI and machine learning.
  • Moreover,  ETF invests in well-established semiconductor and software technology companies that aren’t completely reliant on quantum computing research, which could help the fund’s performance over time.
  • The ETF is a fantastic place to start if you want to begin quantum computing early.

Conclusion

We have shown that quantum computing will become a significant technology and investment trend in future decades.  Indeed, currently, some of the world’s leading companies are already using it to propel their businesses forward. Quantum computing stocks in Canada now offer a low-cost opportunity for businesses to join the top world companies in using this fantastic new technology and investment trend.

Featured Image: Credit: Rocco Ceselin/Google

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