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Investing in the next revolution in computing technology

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Quantum computing stocks are working toward creating and selling quantum computers and other quantum products. These technologies are based on principles of quantum mechanics. This includes superposition and entanglement to perform operations that a classical processor cannot. These stocks provide a way to enter a field expected to transform many industries.

Thus, investing in quantum computing stocks is quite promising, considering the development of the industry. Some of the breakthroughs in quantum computing hardware include the creation of superconducting qubits and error correction software for larger quantum computers. There has been progress in increasing the qubit coherence times and combining classical and quantum computing to solve real-life problems.

Many of these quantum computing stocks trade at reasonable valuations. Now is a great time for investors to consider these options to grow their wealth. So here are three quantum computing stocks to consider.

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IBM (NYSE:IBM) is one of the leading companies in the race toward quantum computing. Its constantly pushing forward to create efficient quantum systems. The companys delivery of the first 1,000-qubit quantum chip in 2023 proved incredible advancements are being made in this field.

Whats more, IBMsapproachhas changed significantly since the company decided to focus on the miniaturization of quantum chips and their increased accuracy rather than increasing the number of qubits. While quantum computing still has a long way to go before it is practically usable, it has the potential to be used in fields such as cryptography, optimization, and simulation. This is where computing accuracy is paramount.

Thanks to its technical competence, cooperation with other industries, and conceptual approach to the development of quantum computing, IBM has the potential to lead the way forward.

Financially and technically, IBM pays a solid and growing dividend and has a low beta, making it a defensive pick in ones portfolio.

Intel (NASDAQ:INTC) has become one of the frontrunners in the race to build quantum computers through the application of transistor-based design and semiconductor manufacturing. Thus, by transferring the methods for creating and verifying conventional chips to silicon-based quantum computers, Intel has made a significant leap forward in its creation.

This is because the company is using silicon spin qubits, which are somewhat similar to the familiar semiconductor transistors. This allows the company to use its advanced CMOS fabrication facilities to place millions or even billions of these qubits on a single chip.

Intels progress in developing a 12-qubit silicon chip on a 300mm wafer with an impressive 95% yield rate proves its capacity to meet the stability standards of quantum computers. Also, Intel has perfected the cryogenic wafer probing technique. This allows it to test its quantum devices and make necessary adjustments faster.

INTC could be one of the top quantum computing stocks to consider to include an award-winning brand your portfolio.

IonQ (NYSE:IONQ) is a leading developer of quantum computing systems using trapped ions. This approach could potentially enhance the reliability of its quantum computations.

IonQ has a strong technological advantage and owns 74 US-issued patents and 163 pending applications covering its quantum computing solutions. It is also engaged in the process of developing its quantum hardware for the commercial market, through which is available on the major cloud platforms and has signed several strategic partnerships,

One of the best things about IONQ is its financials are in good shape. This is more than what can be said for other companies that are exploring more experimental strategies.

As per its Q1 results, IonQ has high gross margins and increasing orders for quantum systems. The company expects to achieve net income before seeking more capital and thus prepare for long-term development. These factors make IONQ one of those quantum computing stocks to buy.

On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.

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3 Quantum Computing Stocks That Could Grow Your Wealth - InvestorPlace

The addition of IBM as a new partner in the Superconducting Quantum Materials and Systems Center, a DOE National Quantum Information Science Research Center, hosted by Fermilab, has been approved by the U.S. Department of Energy Office of Science, Science Programs. As a major national and international research center, SQMS is dedicated to advancing critical quantum technologies, with a focus on superconducting quantum systems. IBM is an industry leader in developing superconducting quantum computing technology. This collaboration intends to leverage the strengths of these two organizations to address key hurdles in quantum computing, communication and large-scale deployment of superconducting quantum platforms.

We welcome the addition of IBM to the SQMS collaboration, which brings together some of the worlds top experts in superconducting materials, devices and quantum systems. This collaboration aims to leverage our complementary technical strengths and shared goals to advance superconducting quantum systems for progressing toward a fault-tolerant quantum computer, said Anna Grassellino, SQMS Center Director.

The SQMS Center brings together more than 30 partner institutions representing national labs, industry and academia. The diverse collaboration unites over 500 experts from around the world working together to bring transformational advances in quantum information science.

Pictured (left to right) at the SQMS Quantum Garage at Fermilab are:Akshay Murthy, associate scientist at Fermilab; Yao Lu, associate scientist at Fermilab; Jason Orcutt, principal research scientist atIBM; Tanay Roy, associate scientist at Fermilab; Andre Vallieres, PhD student at Northwestern University; Silvia Zorzetti, department head, quantum computing co-design and communication at Fermilab; Jacob Hanson-Flores, summer intern at Fermilab; Alessandro Reineri, PhD student at Illinois Institute of Technology; Joey Yaker, PhD student at Northwestern University. Photo: Dan Svoboda, Fermilab

As part of the collaboration, IBM intends to focus on five critical areas: large-scale cryogenics, superconducting qubit noise sources, quantum interconnects, quantum computing applications for fundamental physics and quantum workforce development.

Fermilab and the SQMS Center are the ideal places to develop these key technologies and produce them at scale, said Lia Merminga, Fermilab director. We have decades of experience building large, complex superconducting cryogenic systems for accelerators and adopting advanced instrumentation to further our science mission. The advancement of quantum information science is a national priority, and Fermilab is deeply engaged in that progress.

Large-scale cryogenics

SQMS and IBM intend to work together to advance technologies critical for scaling up quantum computers to large-scale data centers. SQMS is already proposing novel solutions for higher efficiency large-scale milliKelvin cryogenics at Fermilab. These developments in cryogenics will include the worlds largest dilution refrigerator to host 3D superconducting radiofrequency (SRF)-based quantum computing and sensing platforms, called Colossus. IBM will provide practical information and specifications to broaden the impact of Colossus. This includes developing a large-scale cooling system based on LHe/N2 plants, which would suit IBMs future large-scale commercial quantum computing systems.

High-quality and high-density quantum interconnects

SQMS is designing and prototyping high-quality and high-density quantum interconnects based on 3D SRF platforms for quantum computing platforms being developed at Fermilab. These developments are also applicable to scaling up chip-based modular systems. Fermilab and IBM aim to explore the feasibility and usability of quantum links as part of a commercial quantum system with a focus on high-quality microwave cables.

Noise reduction in qubits and processors

As part of the SQMS Center, IBM and SQMS partners intend to work together to further the scientific understanding of mechanisms limiting the performance of superconducting qubits and developing practical schemes for the so-called 1/f flux noise abatement.

Development of scientific applications of quantum computing systems

SQMS partners and IBM plan to advance the study of physics-based applications of quantum computing systems. For example, in condensed matter physics, researchers aim to explore the use of IBMs utility-scale processors to support a quantum many-body dynamics simulation, whose complexity approaches a quantum advantage regime. For high-energy physics, partners will explore simulations of lattice quantum field theories.

Quantum workforce development programs

To attract and train the next generation of a diverse quantum workforce, SQMS established several successful workforce development programs, including the U.S. Quantum Information Science School shared with the other four National Quantum Information Science Research Centers (NQISRC) funded by DOE. IBM has a robust quantum education program that has enabled millions of learners worldwide and helped provide industry and domain expertise at Fortune 500 companies, universities, laboratories and startups within the IBM Quantum Network by providing tools to build their quantum workforce. SQMS and IBM plan to join forces to strengthen national quantum workforce development programs.

Colossus will offer 5 cubic meters of space and cool components to around 0.01K. Photo: Ryan Postel, Fermilab

As we accelerate towards building a large-scale, fault-tolerant quantum computer, we need to solve and scale complex challenges such as efficient, large-scale refrigeration and high-density and low-loss quantum interconnects and advance our understanding of noise sources and how to reduce them, said Jay Gambetta, IBM Fellow and Vice President, IBM Quantum. The planned participation in the SQMS Centers research is a pillar for progressing our roadmap towards large-scale quantum computing. Alongside the collaboration to break through quantum hardware barriers, IBM and Fermilab intend to work together to drive scientific applications of quantum computing and build a quantum-ready workforce.

The start of the collaboration is pending final approval of a legal agreement between IBM and Fermi Research Alliance, LLC.

The Superconducting Quantum Materials and Systems Center at Fermilab is supported by the DOE Office of Science.

The Superconducting Quantum Materials and Systems Center is one of the five U.S. Department of Energy National Quantum Information Science Research Centers. Led by Fermi National Accelerator Laboratory, SQMS is a collaboration of more than 30 partner institutions national labs, academia, and industry working together to bring transformational advances in the field of quantum information science. The center leverages Fermilabs expertise in building complex particle accelerators to engineer multiqubit quantum processor platforms based on state-of-the-art qubits and superconducting technologies. Working hand in hand with embedded industry partners, SQMS will build a quantum computer and new quantum sensors at Fermilab, which will open unprecedented computational opportunities. For more information, please visitsqmscenter.fnal.gov.

Fermi National Accelerator Laboratory is Americas premier national laboratory for particle physics research. A U.S. Department of Energy Office of Science laboratory, Fermilab is located near Chicago, Illinois, and operated under contract by the Fermi Research Alliance LLC. Visit Fermilabs website athttps://www.fnal.govand follow us on Twitter@Fermilab.

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IBM intends to partner with Fermilabs SQMS Center to advance critical quantum information science initiatives - Fermi National Accelerator Laboratory

Quantum component manufacturer Infleqtion is to install a neutral atom quantum computer at the National Quantum Computing Centre (NQCC) in Harwell, UK.

Infleqtion will be the first company to deploy hardware at the NQCC, as part of the centers quantum testbed program.

Founded in 2007 and with offices in the US, the UK, and Australia, Infleqtion develops and designs instruments and systems for quantum technology applications.

Our recent installation is part of Infleqtions dedication to leading facility logistics in partnership with our colleagues at the NQCC. said Tim Ballance, president of Infleqtion UK. Together, we are establishing crucial infrastructure components such as network infrastructure, safety protocols, and security measures.

He added that primary lasers and optical, vacuum, and electronic subsystems all equipment necessary to support the functionality of the quantum computer have been included in this installation.

Infleqtion is also working with NQCC researchers and its partners at Oxfordshire County Council, Riverlane, and QinetiQ, using its Superstaq software to apply quantum optimization to tackle challenges such as traffic management in Oxfordshire.

The company says its principal goal is to demonstrate the practical applications of quantum technology on both a regional and national scale, particularly in areas such as national security and defense.

These system-level prototypes will help the NQCC and its collaborators to understand the unique characteristics of different hardware approaches, establish appropriate metrics for each qubit architecture, and explore the types of applications that benefit most from each technological approach, said NQCCs director, Dr. Michael Cuthbert.

This will directly feed into the NQCCs ongoing engagement with organizations across academia, industry, and government to develop use cases for early-stage quantum computers and to identify the innovations needed to accelerate the development and adoption of this transformative technology.

The NQCC is the UK's national lab for quantum computing, jointly delivered by two research councils within UK Research and Innovation the Engineering and Physical Sciences Research Council and the Science and Technology Facilities Council.

The center works with partners across industry, government, and the research community, with its core funding provided by the Engineering and Physical Sciences Research Council, the main funding body for engineering and physical sciences research in the UK.

Quantum computing firm Rigetti has previously said it will deliver a QPU to the NQCC. The company aims to develop and deploy a 24-qubit quantum computer based on the Companys Ankaa-class architecture, to the NQCCs Harwell Campus.

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Infleqtion to install quantum hardware at UKs National Quantum Computing Centre - DatacenterDynamics