Quantum computing is advancing at an unprecedented pace, unlocking new business opportunities in security, artificial intelligence, optimization, and scientific discovery. According to PwC, the growing acknowledgment of quantum computing’s ability to revolutionize multiple industries is driving momentum for groundbreaking developments. For instance, quantum simulations in healthcare enable researchers to model complex molecular interactions, accelerating drug and material discovery.
With its potential to solve intricate problems, speed up scientific discovery, and lead to groundbreaking technologies, quantum computing is increasingly influencing research and development, security, and operational efficiencies. PwC emphasizes the extensive implications of quantum computing across multiple sectors, underscoring its transformative capabilities.
The Future of Quantum Computing
According to Stellar Market Research, the quantum computing industry is expected to operate in a hybrid model, integrating quantum and traditional high-performance computing until approximately 2032. This approach allows for quantum-inspired algorithms to enhance conventional computing capabilities. Additionally, Fortune Business Insights projects that the quantum computing market’s growth will be fueled by AI advancements, sophisticated problem-solving applications, and significant global investments.
The Commonwealth Scientific and Industrial Research Organisation (CSIRO) has highlighted that 2025 has been designated as the International Year of Quantum Science and Technology by the United Nations. Over the coming years, quantum chips are expected to scale up, and the next generation of quantum processors will likely be powered by logical qubits. With continued progress in quantum simulations on classical computers, researchers are refining numerous quantum algorithms, ensuring quantum computing’s readiness for practical applications once the necessary hardware catches up.
Top Quantum Computing Stocks to Watch
To determine the 11 Best Quantum Computing Stocks to Buy Right Now, our methodology involved analyzing various online rankings to identify leading companies in the quantum computing sector. We then focused on companies with strong hedge fund backing and ranked them based on hedge fund sentiment as of Q4 2024.
Hedge fund investment patterns serve as a critical indicator of stock potential. Our research demonstrates that tracking top hedge fund picks can yield superior market returns. Our strategy, which selects 14 small-cap and large-cap stocks each quarter, has delivered a remarkable 373.4% return since May 2014, outperforming its benchmark by 218 percentage points.
Rigetti Computing, Inc. (NASDAQ:RGTI): A Standout Quantum Computing Stock
Number of Hedge Fund Holders: 17
One of the most promising quantum computing stocks, Rigetti Computing, Inc. (NASDAQ:RGTI), specializes in building quantum computers and superconducting quantum processors. Analysts remain optimistic about the company’s growth potential, reflecting confidence in its technological capabilities.
Alliance Global Partners analyst Brian Kinstlinger recently increased Rigetti’s price target from $15 to $16, reaffirming a “Buy” rating. The analyst cited Rigetti’s strategic partnership with Quanta Computer, where both companies have committed over $100 million in investments over the next five years. This collaboration leverages their complementary strengths to advance superconducting quantum computing technologies.
Kinstlinger further emphasized that Quanta’s strategic investment validates Rigetti’s strong position in the quantum computing sector. TD Cowen analyst Krish Sankar also reiterated a “Buy” rating, acknowledging the financial and manufacturing advantages provided by the Quanta partnership. As of December 31, 2024, Rigetti Computing, Inc. (NASDAQ:RGTI) held $217.2 million in cash, cash equivalents, and available-for-sale securities, ensuring financial stability through 2027.
As quantum computing continues to evolve, companies like Rigetti Computing remain at the forefront of innovation, making them compelling investment opportunities in this transformative industry.
