18 Public Quantum Computing Companies that can Potentially Boost your Stock Portfolio
Public Quantum Computing Companies are corporations that are actively involved in the research, development, and commercialization of quantum computing technologies and have their stocks publicly traded on various stock exchanges. Quantum computing represents a significant leap from traditional computing, harnessing the principles of quantum mechanics to process information in ways that classical computers cannot. This article is not financial advice.
Companies range from startups pioneering novel quantum hardware or algorithms to established tech giants expanding their portfolio into the quantum realm. Their work includes developing quantum processors, creating quantum-resistant cryptographic methods, and exploring applications of quantum computing in various fields such as finance, healthcare, and cybersecurity. As publicly listed entities, they offer investors the opportunity to engage financially in the quantum computing sector, a field poised to revolutionize computing and solve complex problems beyond the reach of classical computers.
Public Quantum Computing Companies
Rigetti Computing (NASDAQ: RGTI)
Rigetti Computing, a noteworthy name in quantum computing, has been making significant strides. The company gained attention with the development of a modular superconducting qubit architecture in August 2023, enhancing quantum computing capabilities. A key leadership change occurred in November 2022, with founder Chad Rigetti stepping down as CEO to focus on product development. Rigetti is also recognized for its collaboration with the US Military Agency DARPA ONISQ Program and its initiative to build the first commercial quantum computer in the UK​​.
Quantum Computing Inc (NASDAQ: QUBT)
Quantum Computing Inc. is deeply involved in various quantum initiatives and collaborations, illustrating the practical applications of quantum computing in the financial sector through partnerships like with Rabobank. The company's capabilities in optimizing complex systems were highlighted when VIPC designated Quantum Computing Inc. as a partner for risk-based flight trajectories. Their service expansion includes the launch of a subscription service for Dirac 1 Entropy Quantum Computing, and they have also demonstrated their technological prowess by solving a complex problem for BMW in just six minutes​​.
D-Wave Systems (NYSE: QBTS)
D-Wave Systems stands out as a pioneer in quantum computing. The company's growth was marked by a business combination with DPCM Capital and the launch of the QBTS stock ticker in 2022. D-Wave's commitment to advancing quantum applications is evident in its strategic partnership with Mastercard and its development of advanced Fluxonium Qubits. Their financial health was reflected in their Q2 2023 revenue, bookings, and cash balance, and they have also partnered with the University of Waterloo to further quantum computing advancements​​.
IonQ (NYSE: IONQ)
IonQ has announced significant deals, such as a $25.5M Quantum Deal with the United States Air Force Research Lab. The company introduced Quantum Computing Systems named Forte and Tempo, promising commercial advantages and performance. IonQ's global expansion includes partnerships across Europe and collaborations to advance quantum computing in generative AI applications. Their growth is also reflected in their financial achievements, including record bookings and the establishment of their first Quantum Data Center in Europe​​.
Zapata (soon to Publicy List)
Zapata AI is preparing to go public, following a merger with Andretti Acquisition Corp. The company has collaborated with IonQ in the realm of generative AI applications and with Insilico Medicine for drug discovery using quantum-enhanced AI. Zapata's role extends beyond healthcare, partnering with BMW to enhance vehicle production efficiency. They have also been active in the defense sector, delivering Quantum Challenge Scenarios to DARPA. The company's global presence is expanding, with a new UK office primarily focused on quantum computing software​​.
Honeywell Quantum (NASDAQ: HON)
Honeywell Quantum has emerged as a significant player in quantum computing. Their merger with Cambridge Quantum to form Quantinuum marked a significant event in the industry. Honeywell has integrated quantum-enhanced encryption in smart meters and introduced the H1 System, a leading development in quantum physics. Their latest Quantum System Model achieved a remarkable Quantum Volume, and their collaboration with Cambridge Quantum has been central to their journey towards mainstream quantum computing​​.
Alibaba Group (NYSE: BABA)
Alibaba has recognized the potential of quantum computing, establishing the Alibaba Cloud Quantum Laboratory (ACQL) to explore quantum computing's frontiers. The ACQL focuses on quantum algorithms, Quantum Machine Learning (QML), and hardware infrastructure, aiming to bridge the gap between theory and practice in quantum algorithms. Their collaboration with the Chinese Academy of Sciences has led to the launch of a quantum computing cloud platform, emphasizing their vision to make quantum computing more accessible globally​​. Although recent reports suggest the company has shuttered its Quantum Offering.
Baidu (NASDAQ: BIDU)
Baidu's venture into quantum computing is marked by its strategic approach and global aspirations. The company has unveiled a cloud quantum computing service and taken significant steps like open-sourcing its quantum machine learning toolkit, indicating its commitment to quantum advancements beyond China​​.
Fujitsu (TYO: 6702)
Fujitsu's involvement in quantum-related ventures is evident in its partnerships and innovations. The company collaborated with CESGA to launch a Quantum Knowledge Center in Spain, and its Digital Annealer has unlocked new potential in the investment sphere. Fujitsu's dedication to advancing quantum technology is clear in these initiatives​​.
Google (NASDAQ: GOOG)
Google has made significant strides in quantum computing alongside its achievements in AI. The company has been working on Quantum-Resistant Cryptography in its Chrome browser and has committed $50M towards a Quantum Computing Partnership with universities. Google's advancements in Quantum Error Correction and the development of the next-generation language model PaLM 2 demonstrate their dedication to leading in AI and quantum technologies​​. It has developed the language Cirq.
Intel (NASDAQ: INTC)
Intel's foray into quantum computing is marked by significant milestones. The company unveiled the Tunnel Falls Chip with 12 qubits, showcasing their progress in quantum hardware. Additionally, Intel's focus extends to software development, with the release of its Quantum Software Development Kit (SDK), demonstrating its commitment to building a robust quantum programming environment and leading in next-generation technological advancements​​.
NEC (TYO: 6701)
NEC's collaboration with Tohoku University using an 8-Qubit Quantum Annealing Machine exemplifies their dedication to quantum technologies. The development of the world's first unit cell for quantum annealing architecture by NEC underscores their commitment to scaling quantum computing. Their partnership with ParityQC reflects their collaborative spirit in making practical quantum computers a reality​​.
Raytheon (NYSE: RTX)
Raytheon's involvement in quantum technology is underscored by its collaboration with IBM. This partnership, announced in October 2021, highlights Raytheon’s active commitment to advancing quantum research and applications, marking its significant presence in the quantum field​​.
Toshiba (TYO: 6502)
Toshiba's achievements include developing Quantum Key Distribution to protect data against future quantum computing threats. Collaborations with companies like BT to construct quantum-secured networks and the integration of their Ising machine into Azure Quantum are testaments to Toshiba’s active role in the quantum industry​​.
Nvidia (NASDAQ: NVDA)
Nvidia's involvement in quantum computing includes collaborations with SEEQC, Xanadu’s PennyLane, and Rolls-Royce. These partnerships aim to enhance quantum supercomputing and AI capabilities. Nvidia's commitment is also evident in their development of DGX Quantum, a system designed for quantum-classical computing, highlighting their role in advancing technology in the quantum computing landscape​​.
IBM (NYSE: IBM)
IBM's significant contributions to quantum computing include collaborations with institutions like CERN and DESY, and housing the first university-based IBM Quantum System One at Rensselaer Polytechnic. Their involvement in education, research collaborations, and the development of high-threshold quantum memory emphasize IBM's pivotal role in global quantum technology advancement​​.
Microsoft (NASDAQ: MSFT)
Microsoft's advancements in quantum computing are centered around its Azure Quantum platform. The company has been exploring hybrid quantum algorithms and collaborating with various entities to revolutionize innovation using Azure Quantum. These efforts highlight Microsoft’s dedication to harnessing quantum computing's potential​​. It is also behind the Q# language.
Amazon (NASDAQ: AMZN)
Amazon Web Services (AWS) has been actively collaborating with quantum technology providers and researchers. Initiatives like expanding the availability of Aquila Quantum Computer on Amazon Braket and integrating the Wolfram Language with Amazon Braket demonstrate Amazon's commitment to the quantum technology field​​.
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