Investment Opportunities in Top Quantum Computing Shares within a $1000 Budget at Present
Quantum computing is currently a buzzword, with investments in related stocks skyrocketing. However, it's essential to remember that useful quantum computers have yet to solve a real-world problem faster than traditional computers. In fact, they might still be decades away.
Given this, investing in tech giants with a strong presence in the quantum computing field could be a smart move. Companies like IBM (-0.55%) and Alphabet (GOOG 1.16%, GOOGL 1.13%) seem like sensible choices. If you've got $1000 to invest, these two tech giants provide a low-risk exposure to the potential future of quantum computing.
Early Pioneer in Quantum Computing
IBM is a pioneer in the field of quantum computing. In 1998, the company, along with researchers from major universities, developed the first computer that harnessed the complex and peculiar principles of quantum mechanics. This groundbreaking computer used quantum bits, or qubits, and managed to sort an unordered list of items.
In 2016, IBM made its quantum computer accessible via the cloud, and it's continued to build more powerful models since then. In 2023, IBM's 127-qubit quantum computer successfully solved a certain type of problem faster than a traditional computer, although the problem itself lacked any real-world applications.
IBM's roadmap aims to deliver a quantum-centric supercomputer by 2025, a 200-qubit system by 2029, and quantum-centric supercomputers with thousands of qubits capable of addressing issues related to security, chemistry, machine learning, and optimization sometime after 2033. While practical quantum computers might still be years away, IBM is pushing hard towards this goal.
Investing in IBM for quantum computing exposure holds several benefits. First, it's a diversified tech giant，not relying on one technology alone. IBM leads in hybrid cloud computing and enterprise AI, while also boasting a vast enterprise client base with established relationships. In summary, leverage IBM for low-risk exposure to the potential quantity computing trend.
Google Making Waves in Quantum Computing
Another tech giant making significant strides in the quantum computing field is Alphabet (Google). In 2019, Alphabet used a 53-qubit quantum computer to perform a calculation that would have taken an estimated 10,000 years on a massive cluster of traditional computers. Although the calculation itself had little practical value, it highlighted Alphabet's capabilities in the field.
One of the biggest challenges quantum computers face is error correction. However, Alphabet recently announced a breakthrough in this area. Using its Willow quantum chip, Alphabet demonstrated an exponential reduction in errors as the number of qubits increased. This achievement represents a significant step towards building usable quantum computers with hundreds or thousands of qubits.
Google's Willow chip was also able to solve a specific computation in five minutes, compared to the 10 septillion years a traditional supercomputer would take. Even though useful quantum computers might still be years away, Alphabet is working on the building blocks essential for solving real-world problems faster than traditional computers in the future.
Like IBM, Alphabet is a relatively low-risk way to bet on quantum computing. Useful quantum computers could be a game-changer for Alphabet, helping solve tricky problems in AI, search, and other areas where the company excels. If quantum computing fails to live up to the hype or takes decades to make significant advancements, Alphabet will still thrive in other areas like digital advertising, cloud computing, and AI.
In summary, if you're looking for a quantum computing stock with a quicker growth rate than IBM while maintaining low risk, consider investing in Alphabet.
Given the information, investing in IBM and Alphabet for potential returns in the quantum computing field could be beneficial due to their significant advancements in the field. In fact, IBM's 127-qubit quantum computer has already solved a specific problem faster than a traditional computer, and Alphabet's breakthrough in error correction with its Willow chip signifies a step closer to building usable quantum computers. In the context of finance and money, investing in these tech giants could be an opportunity for capital growth.
