Quantum computing is advancing rapidly, presenting businesses with new opportunities in security, artificial intelligence (AI), optimization, and scientific discovery. According to PwC, the growing recognition of quantum computing’s potential is driving major breakthroughs across industries. For instance, quantum simulations in healthcare allow scientists to model complex molecular interactions, accelerating drug and material discoveries.
The Future of Quantum Computing
The quantum computing sector is expected to transition into a hybrid operating model, blending quantum and traditional high-performance computing until around 2032, as per Stellar Market Research. This approach allows quantum-inspired algorithms to enhance conventional computing systems. Fortune Business Insights forecasts that global investments and AI advancements will fuel quantum computing market growth.
Commonwealth Scientific and Industrial Research Organisation (CSIRO) highlighted that the United Nations has designated 2025 as the International Year of Quantum Science and Technology. Over the next few years, quantum chips are expected to scale up, and logical qubits will support next-generation processors. Quantum simulations on classical computers continue to refine quantum algorithms, positioning quantum computing for real-world applications as hardware technology catches up.
11 Best Quantum Computing Stocks to Watch
To identify the top quantum computing stocks, we analyzed various rankings and selected companies operating within the sector. We then filtered for those popular among hedge funds and ranked them based on hedge fund sentiment as of Q4 2024.
Our research shows that following the stock picks of leading hedge funds can yield market-beating returns. Our proprietary investment strategy, which selects 14 small-cap and large-cap stocks each quarter, has delivered a 373.4% return since May 2014, outperforming the benchmark by 218 percentage points.
D-Wave Quantum Inc. (NYSE:QBTS): A Quantum Powerhouse?
Number of Hedge Fund Holders: 15
D-Wave Quantum Inc. (NYSE:QBTS) is a pioneer in quantum computing, developing and delivering quantum computing systems, software, and services. The company recently achieved a scientific breakthrough, demonstrating that its annealing quantum computer outperformed one of the world’s most powerful classical supercomputers. This milestone showcases D-Wave’s ability to solve complex magnetic materials simulation problems relevant to materials discovery, positioning it as a leader in the field.
D-Wave Quantum Inc. (NYSE:QBTS) projects Q1 fiscal 2025 revenue to exceed $10 million, far surpassing the consensus estimate of $2.55 million. The company remains committed to expanding its quantum computing capabilities, exploring new market opportunities, and forming strategic partnerships to strengthen its competitive edge. D-Wave’s CFO emphasized that the company is on track to become the first independent publicly held quantum computing firm to achieve sustained profitability.
Investor Sentiment and Market Potential
180 Degree Capital Corp., an investment management firm, highlighted in its Q1 2024 investor letter that D-Wave Quantum Inc. (NYSE:QBTS) is driving quantum computing adoption through new partnerships and expanded computing resources. The stock price increase also allowed the company to regain compliance with NYSE listing standards and access additional capital for operations.
With the quantum computing industry poised for rapid expansion, investors seeking high-growth opportunities should keep an eye on companies like D-Wave Quantum Inc. (NYSE:QBTS) that are leading innovation in the sector.
