Quantum computing is making work easier, especially dealing with the enormous amount of data that we produce every day. Though the technology is just at its initial stage, quantum computing holds immense potential in the long term. It has the ability to perform various complex calculations faster than traditional computers, leveraging quantum mechanics phenomena. Quantum computers can create multi-dimensional spaces to represent large problems. Users can use algorithms to find answers to problems.
Tech giants are investing heavily every year to win the quantum computing race because the applications of this technology can create a huge impact on society. From electric vehicles to reducing carbon emissions and space explorations, quantum computing is essential for humanity.
Keeping the future in mind, you can invest in quantum tech stocks to diversify your portfolio.
Nvidia is a visual computing company that is known for its chips. The company's cuQuantum SDK is a development platform for leveraging quantum circuits on GPU-accelerated systems. Compared to its competitors, Nvidia's expected growth rate for the current year is 58.8%.
Google's parent quantum computer company Alphabet already achieved a major use case in today's world by simulating a simple chemical reaction. Working on quantum chemistry, Alphabet is helping scientists understand molecular reactions to produce better batteries, fertilizers, and find a way to remove Co2 from the air. Alphabet's expected growth rate for 2021 is 53.1%.
Accenture is experimenting with cloud-based, hybrid quantum computing to accelerate drug discovery. Being an essential application, Accenture's estimated growth rate for 2021 is 17.6%.
Microsoft runs an MSFT Quantum team that innovates across every quantum domain, from software to control and devices. The company's expected growth rate for the current year is 35.4%.
Amazon's Bracket is a fully managed quantum computing service that enables researchers and developers to accelerate research and discovery. Amazon's quantum computing company's estimated growth rate for 2021 is 37%.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.