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3 Quantum Computing Stocks to Buy in 2024

best quantum computing stocks
Marko Marjanovic

Summary: Quantum computing technology has ushered in a significant transformation in the technological industry, leveraging the principles of quantum mechanics to perform data processing tasks once considered impossible. In this guide, we offer 3 of the best quantum computing stocks to consider adding to your portfolio in 2024. To buy stocks on our list, investors can open an account with an online stock broker like Interactive Brokers.

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What are quantum computing stocks?

Investors interested in quantum computing stocks will have a large number of options at their disposal, with more and more companies pioneering new solutions in the quantum computing realm, developing more complex quantum algorithms, and engaging in quantum computing services. 

Top 3 quantum computing stocks to buy in 2024

As quantum computing finds more and more uses in many areas of business, investors are actively seeking opportunities to leverage its transformative potential. If you wish to explore the quantum computing sector, we’ve compiled a list of 3 quantum computing stocks worth checking out in 2024. They are:

  1. IonQ (NYSE: IONQ);
  2. Quantum Computing (NASDAQ: QUBT);
  3. Rigetti Computing (NASDAQ: RGTI).

Best Platform for Worldwide Stock Trading & Investing

  • Highly trusted multi-asset broker with clients in over 200 countries

  • Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)

  • Low commissions starting at $0 with no platform fees or account minimums

  • Easily fund your account and trade assets in 26 currencies

  • IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

1. IonQ (IONQ)

Being solely dedicated to quantum computing, IonQ stands at the forefront of the niche, providing quantum computing systems across major public cloud services and establishing partnerships with major tech players like Microsoft and Google. By focusing on cloud solutions, the company aims to establish a network of quantum computers, anticipating substantial growth in 2023 as more and more researchers hopefully adopt its hardware on a larger scale.

Note, though, that IonQ is playing a long-term gain, focusing on developments and business expansions set to come in the next few years. In other words, investing in IonQ involves some speculation, and while it could potentially profit if its plans pan out, investors should remain cautious. 

IonQ stock price today

2. Quantum Computing (QUBT)

Quantum Computing provides quantum computing processing units such as the Entropy Quantum Computer and cloud-based software named Qatalyst. The company is mostly known for catering to larger firms and government agencies. However, its quantum software and hardware solutions play a crucial role in the quest for practical quantum computers across diverse industries, including finance and healthcare.

Quantum Computing stock price today

3. Rigetti Computing (RGTI)

Rigetti Computing specializes in the development of quantum integrated circuits and a cloud platform tailored for quantum algorithms. For investors intrigued by the intersection of quantum and traditional computing, Rigetti offers an opportunity to gain exposure to the groundbreaking tech landscape at an affordable price, given its status as a penny stock.

Rigetti is not only involved in the development but also in the production of quantum computing solutions, aiming to democratize quantum computing by bringing it to a wider audience through cloud services. To ensure its goals come to fruition, the company has forged strategic alliances with NASA and the U.S. Department of Energy, further enhancing its market presence.

Rigetti Computing stock price today


Where to buy quantum computing stocks?

The most convenient way to buy quantum computing stocks is to open an account at a regulated online stock brokerage. Our recommended brokerage for quantum computing stocks is Interactive Brokers (IB). IB is a well-established and widely-used platform with a range of useful trading features such as:

  • Commission-free stock and ETF trading;
  • Trade stocks on 90+ market centers;
  • Fractional stock trading;
  • Charting tools; 
  • Earn extra income on fully paid shares;
  • Lowest financing rates for margin accounts in the industry;
  • No account minimum. 

Best Platform for Worldwide Stock Trading & Investing

  • Highly trusted multi-asset broker with clients in over 200 countries

  • Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)

  • Low commissions starting at $0 with no platform fees or account minimums

  • Easily fund your account and trade assets in 26 currencies

  • IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Pros and cons of investing in quantum computing stocks

Pros

Pros

  • Cutting-edge technology: Quantum computing is a new and revolutionary technology poised to potentially transform a number of industries;
  • Solid growth potential: If quantum computing finds universal practical application, early investors could reap significant profits by investing in it;
  • Public interest: Governments and large corporations are making substantial investments in quantum computing research and development, which could spell its future development.
Cons

Cons

  • Considerable risk: Quantum computing tech is still in its early stages, and success is far from guaranteed;
  • Competitive industry: The competition in the industry is fierce, and the industry is swiftly advancing, making it hard to stay afloat for inexperienced investors;
  • Little potential for short-term gains: It might take years or decades for some developments in the industry to become fully realized.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

FAQs about quantum computing stocks

What are the best quantum computing stocks to buy?

Some of the best quantum computing stocks to consider are IonQ, Quantum Computing, and Rigetti Computing.

Where to buy quantum computing stocks?

You can buy quantum computing stocks through online stock brokerages such as Interactive Brokers.

Are quantum computing penny stocks a good investment in 2024?

While low stock prices are appealing, it’s crucial to recognize that penny stocks frequently come with higher volatility, reduced liquidity, and less stringent regulatory standards. 

What is the best quantum computing stock?

The quantum computing industry is still young, so there is no clear market leader. To find the perfect investment option, be sure to conduct thorough research before investing.

Can you invest in quantum computing?

Yes, investing in quantum computing is possible. To do so, find companies operating within the quantum computing industry and buy their stock on online stock trading platforms such as Interactive Brokers.

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