Quantum computing could massively transform entire industries by solving problems far too complex for even the most powerful classical computers, often in mere minutes or seconds.
It could even be used to discover new drugs, quicker than even imagined. It may even be able to help advance artificial intelligence, machine learning, financial modeling, cybersecurity, batteries, and even help with green energy advancements. No wonder governments all over the world are heavily investing in quantum computing.
So, it's no surprise that corporations and governments all around the world are investing billions of dollars in its future. It's also no surprise that the quantum computing market could be worth well over $100 billion over the next decade.
For example, IBM (NYSE: IBM) plans to invest $150 billion in the United States over the next five years to expand its quantum and AI capabilities. NVIDIA Corp. (NASDAQ: NVDA) continues to invest billions in quantum computing startups. Alphabet Inc. (NASDAQ: GOOGL) and Microsoft Corp. (NASDAQ: MSFT) are allocating substantial resources toward developing proprietary quantum platforms.
In addition, according to Forbes, global public investment in quantum computing now exceeds $55 billion, led by China. Europe is rapidly catching up. Germany has announced more than $3 billion in funding by 2026. France has committed nearly $2 billion to train 5,000 quantum engineers and create 30,000 new jobs. In the United States, the National Quantum Initiative Act authorizes $1.2 billion over five years for research and development.
With multi-billion-dollar, game-changing potential, here are three quantum computing stocks, investors may want to consider:
D-Wave Quantum (QBTS)
D-Wave Quantum Inc. (NYSE: QBTS), which just announced that its Advantage quantum computer is now operational and is expected to address mission-critical U.S. government problems, particularly in national defense, and will eventually run sensitive applications.
Earnings haven't been too shabby either.
Revenue in the third quarter of fiscal 2025 totaled $3.7 million, an increase of approximately $1.8 million or 100% from the third quarter of fiscal 2024 revenue of $1.9 million. Bookings for the third quarter totaled $2.4 million, an increase of about $100,000 or 3% when compared to the third quarter of 2024 bookings of $2.3 million and an increase of $1.1 million or 80% compared to the preceding fiscal 2025 second quarter bookings.
In short, QBTS is a strong company, underscored by momentum in commercialization, multi-million-dollar contracts, its healthy cash balance, and new technical milestones. QBTS was also just upgraded to a buy rating by analysts at Benchmark, with a $35 price target.
IonQ (IONQ)
IonQ Inc. (NYSE: IONQ) has been another substantial runner. According to B. Riley Securities, IonQ's technology roadmap and major new contracts could propel the company's valuation even higher. A recent deal with Vector Atomics, for example, expanded its government-related business from $100 million to an expected $300 million.
Recent earnings support the bull case.
In its third quarter, its 17-cent loss beat estimates by three cents. Revenue of $39.87 million, up 221.5% year over year, beat by $12.88 million. It also raised its revenue expectations for the full year to $110 million at the high end of guidance.
IonQ also delivered a 2025 technical milestone of #AQ 64 three months early, unlocking 36 quadrillion times more computational space than leading commercial superconducting systems.
According to Niccolo de Masi, Chairman and CEO of IonQ, as quoted in an earnings release, "We achieved a truly historic milestone by demonstrating world-record 99.99% two-qubit gate performance, underscoring our path to 2 million qubits and 80,000 logical qubits in 2030."
"Our technical achievements continue to solidify IonQ's quantum platform as the most complete and powerful in the world, with a correspondingly larger addressable global market. Meanwhile, we are on a clear trajectory to deliver critical quantum cybersecurity infrastructure, ultra-precise quantum navigation, quantum timing solutions, and large-scale networked quantum systems," he added.
Defiance Quantum ETF (QTUM)
If you want to diversify with more quantum-related stocks, you can also invest in quantum computer exchange-traded funds (ETFs), such as The Defiance Quantum ETF (NASDAQ: QTUM).
Since October, the fund has exploded from about $57.50 to $90. Now back to $77.50, it's another hot quantum computing idea. With an expense ratio of 0.4%, the ETF holds 73 related stocks, including D-Wave Quantum, Ionq Inc., Rigetti Computing, Tower Semiconductor and Palantir Technologies.
Quantum Computing Is In the Early Stages
The potential of quantum computing is massive. However, investors should take note that it’s still in its early stages. That means that many quantum computing stocks, including the ones in this article, may have more volatile price movement.
That may not appeal to risk-averse investors. However, if you have a long timeline and the patience to wait for the payoff, an investment in these companies could yield strong returns.
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