There are four U.S.-listed quantum computing stocks in 2023
Here is a list of four stocks of U.S. companies that are quantum computing pure play investments. These companies are focused on creating quantum computing hardware or software. The fifth is focused on data analytics and quantum-simulating applications.
United States - pure play quantum computer supplier:
IonQ, Inc., IONQ
Rigetti Computing, Inc., RGTI
Canada - pure play quantum computer supplier:
D-Wave Quantum Inc., QBTS
United Kingdom - pure play:
Arqit Quantum Inc., ARQQ (secure communications)
Quantum simulation software
Quantum Computing Inc., QUBT (software
List of companies with small* quantum computing programs:
US quantum computing program - quantum computer supplier
International Business Machines Corporation, IBM
Honeywell International Inc., HON
Alphabet Inc. (dba: Google), GOOG
US quantum computing program - quantum computer access
Amazon.com, Inc., AMZN
Microsoft Corporation, MSFT
Chinese quantum computing program
Alibaba Group Holding Limited, BABA
Tencent Holdings Limited, TCEHY
There are long-term traded stock warrants on Arqit, Rigetti, D-Wave and IonQ:
ARQQW
RGTIW
QBTS-WT
IONQ-WT
Other Considerations:
One thing is certain, the companies that we know with a material focus on quantum computing have very high market valuations. In our opinion, this is because companies, or governments, need to be very well funded to spend on a longer-term investment like quantum computing.
United States - pure play quantum computer supplier:
IonQ, Inc., IONQ
Rigetti Computing, Inc., RGTI
Canada - pure play quantum computer supplier:
D-Wave Quantum Inc., QBTS
United Kingdom - pure play:
Arqit Quantum Inc., ARQQ (secure communications)
Quantum simulation software
Quantum Computing Inc., QUBT (software
List of companies with small* quantum computing programs:
US quantum computing program - quantum computer supplier
International Business Machines Corporation, IBM
Honeywell International Inc., HON
Alphabet Inc. (dba: Google), GOOG
US quantum computing program - quantum computer access
Amazon.com, Inc., AMZN
Microsoft Corporation, MSFT
Chinese quantum computing program
Alibaba Group Holding Limited, BABA
Tencent Holdings Limited, TCEHY
There are long-term traded stock warrants on Arqit, Rigetti, D-Wave and IonQ:
ARQQW
RGTIW
QBTS-WT
IONQ-WT
Other Considerations:
- There are many other companies that are building their business that are not yet listed on US stock exchanges.
- There are large companies with early-stage quantum computing programs (e.g., creating quantum applications) that will take advantage of quantum computing in their business, either by creating new capabilities or improved optimization.
- One company, Honeywell, spun out their quantum computing business with a quantum consultancy.
- How to buy quantum computing stocks: very carefully. These pure-play companies are in the experimental phase and have not scaled into commercial production. These companies will need to raise and spend capital on developing quantum computers on scale, and there is a risk that they will either not succeed, or that their products will not be commercially acceptable. Buyer beware.
One thing is certain, the companies that we know with a material focus on quantum computing have very high market valuations. In our opinion, this is because companies, or governments, need to be very well funded to spend on a longer-term investment like quantum computing.