Musk's new company could top a trillion?
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Elon Musk has predicted that his new venture – something I'm calling “X-9840” – could become “a trillion dollar company.” Today, only three companies in the US are worth more than $2 trillion. Microsoft… Apple…and Nvidia. And each of those companies gave their early investors the chance to become millionaires over several decades – starting with just a $1,000 investment.
That's why I believe Elon is about to mint a new round of millionaires across America with this new venture. Unfortunately, most people will end up missing out… Because this has nothing to do with electric vehicles… Self-driving cars, rockets, brain chips, or satellites.
Click here to see the details because you don't have much time to act.
Quantum computers are a big deal because they can process billions of simple logic operations per second, light-years ahead of classical machines and computers.
Regular computers use binary switches (ones and zeros) for their calculations. By contrast, quantum computers use qubits, which allow them to handle much more complicated tasks.
Thanks to that speed, physicists are banking on quantum technology to help solve a ton of problems or dramatically improve daily processes, such as logistics and supply, discovering new drugs, studying materials, scheduling, detecting faults and managing traffic.
The real life and business potential is real. So much so that the U.S. government has poured billions into researching the phenomenon in an attempt to get ahead of other countries. And McKinsey & Company estimates the industry could be worth almost $1.3 trillion by 2035.
Here are the hottest quantum computing stocks right now.
D-Wave Systems (QBTS)
Though D-Wave (NYSE:QBTS) missed earnings per share (EPS) and revenue analyst estimates for its last quarter, it scored wins in other metrics, such as revenue, bookings and gross profit, for which it registered 28%, 6% and 97% year-on-year (YOY), respectively.
The company also expressed confidence about its prospects, saying “the market is responding” to its annealing quantum computing business. In layman’s terms, annealing in quantum computing means finding the best solution to complex problems by exploring multiple possibilities simultaneously.
Potential investors will also find it encouraging that D-Wave appears to have completely won over Wall Street analysts. The company currently has seven ratings, with all being a Buy. These fundamentals make D-Wave a strong favorite for quantum computing stocks right now.
D-Wave is a Canadian quantum computing company with a client roster of some of the biggest names in the world, including Lockheed Martin (NYSE:LMT), Google (NASDAQ:GOOG, NASDAQ:GOOGL), NASA and the University of Southern California.
Has Jeff Bezos Found the Next Nvidia?
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If you've sat back and watched companies like Nvidia and AMD soar over 2,000% over the past several years…
And turn $5,000 into $105,000
And wondered what was next…
You need to listen very closely…
Because Jeff Bezos has just found the next big thing…
Microsoft (MSFT)
Microsoft (NASDAQ:MSFT) is nearly synonymous with tech, so it’s no surprise the company is heavily involved in quantum computing. Its Azure Quantum cloud service lets clients access both hardware and software quantum computing resources. The company also partners with other names in the niche to research and develop the space.
There are plenty of cases to make for why Microsoft is one of the best quantum computing stocks in the market. For one, it has historically rewarded investors with strong returns. Shares are up 9% this year and 26% over the past year.
And though they shaved off 6% after the company’s fiscal fourth quarter report due to underperformance in its AI segment, the general sentiment across analysts is uber bullish.
For instance, financial research firm Morningstar declared “Nothing has changed in our thinking,” about the company’s future prospects. If anything, it considers Microsoft to be currently undervalued compared to its long-term target of $490 apiece for the stock.
Nvidia (NVDA)
Nvidia (NASDAQ:NVDA) has dominated the stock charts in the past year thanks to its microchips that support what’s arguably the technology of the moment: AI. However, most investors don’t know the company is also dabbling in quantum computing.
Last year, Bloomberg reported the Santa Clara, California-based company had introduced a cloud service for researchers to test their quantum computing software and would be offering access to third-party quantum computers in the future.
It’s hard to tell if Nvidia will pursue the technology more aggressively in the future, but it’s one of the best picks for investors looking for safe exposure to quantum computing stocks.
That’s because it’s simply one of the best-performing tech companies in recent years. Not only has it gained by a remarkable 2,657% five years to date, but a closer look at its price pattern during that period reveals a steady and highly encouraging price trajectory — even before the explosion in demand for its chips began.
Famous VC: “Buy this Sub-$5 Play on Elon's Next IPO
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Hey, venture capitalist James Altucher here.
Want to know how to profit from what I believe will be Elon Musk's next IPO?
Because I believe it could be bigger than Paypal, SpaceX and Tesla… COMBINED.
Look, I don't know about you…
But I don't think it's fair that only rich venture capitalists are already positioned to profit from this.
Aren't you tired of being the last one to hear about major tech breakthroughs?
Aren't you tired of hearing about these investments…
Only AFTER they already skyrocketed 1,000%, 5,000%, 10,000% or more?
On the date of publication, Hope Mutie did not have (either directly or indirectly) any positions in the stocks mentioned in this article. The opinions expressed in this article are those of the writer, subject to InvestorPlace.com’s Publishing Guidelines.
On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Hope Mutie is a writer who’s enthusiastic about finance and crypto. At InvestorPlace, she keeps her finger on the pulse of the stock and crypto markets to create insightful and info-rich content to help investors navigate the market with confidence.
