Quantum computing stocks, like Quantum Computing (QUBT) could see higher highs.
If you’re new to quantum computing, it may be able to help solve problems far too complex for typical computers within minutes, or even seconds.
It could even be used to discover new drugs, quicker than even imagined. For example, according to ZDNet.com, the discovery of new drugs relies on molecular simulation, which is complex and time-consuming with all of the calculations needed.
“It’s expected that modeling a molecule with only 70 atoms would take a classical computer up to 13 billion years,” they added. Meanwhile, a quantum computer may be able to figure it all out in minutes.
Quantum computing may even be able to help advance artificial intelligence, machine learning, financial modeling, cybersecurity, batteries, and even help with the green energy boom.
No wonder governments all over the world are heavily investing in quantum computing.
In fact, according to the State of Quantum 2024, more than 30 governments have already made commitments of more than $40 billion to quantum technologies over the next 10 years. Even better, some analysts say the quantum computing market could eventually be worth about $850 billion by 2040, noted Forbes.
But this is just the start.
That being said, investors may want to jump into quantum computing stocks, such as Quantum Computing (QUBT).
Over the last few months, QUBT exploded from about 68 cents to a recent high of $17.62. And it could push even higher, as quantum computing excitement builds.
Helping, the company was recently awarded a NASA contract to “utilize Dirac-3, its entropy quantum optimization machine, to support the space agency’s advanced imaging and data processing demands,” as noted by Seeking Alpha.
Sincerely,
Ian Cooper
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