tech
These stocks are leading 'meaningful breakthroughs' in quantum computing, UBS says
Quantum computing is an industry with "extraordinary potential," according to UBS, which highlighted leading stocks.
TL;DR
- Quantum computing is identified as a growing corner of the tech sector with extraordinary potential.
- Key companies like Alphabet, IBM, and Microsoft are developing practical quantum computers.
- UBS sees the greatest impact of quantum computing in molecular simulation, optimization and AI, and cryptography.
- Quantum advantage, where quantum systems significantly outperform classical systems, could arrive by the 2030s.
- Superconducting and trapped-ion qubits are considered the most advanced architectures.
- Alphabet (Google) is seen as a pioneer, leading in software and quantum error correction with its Willow chip.
- Microsoft and Amazon are pursuing diversified approaches, including cloud modalities and partnerships.
- Pure play quantum technology companies include IonQ, D-Wave Quantum, and Rigetti Computing.
- Smaller quantum computing companies are highly volatile, experiencing significant gains and declines.