April 2024
Traditional computing operates on binary code, whereas quantum computers utilize qubits, capable of existing in multiple states simultaneously. This unique feature enables quantum computers to perform computations exponentially faster than traditional methods, holding immense potential for fields like medicine, environmental science, cryptography, and artificial intelligence.
Despite challenges such as environmental sensitivity and algorithm limitations, several publicly traded companies are pioneering advancements in quantum computing:
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International Business Machines Corporation (IBM): IBM has made significant breakthroughs with its quantum computers, including the 127-qubit Eagle and upcoming systems like Osprey and Condor. IBM Quantum System Two, with the potential for 16,632 qubits, marks the next major milestone.
Market Cap: $116.85B
Price to Earnings Ratio (P/E): 65.7
Earnings Per Share (EPS): $1.97
At the time of writing, April 2024, IBM boasted the above metrics and is listed as a ‘Buy’ among most major investment firms.
Intel Corporation (INTC): Intel is leveraging its expertise in high-volume transistor manufacturing to develop silicon spin qubits, with advanced chips like Tunnel Falls. Collaborating with the research community, Intel aims to advance quantum computing capabilities.
Market Cap: $138.89B
Price to Earnings Ratio (P/E): -157.14
Earnings Per Share (EPS): $-0.68
At the time of writing, April 2024 Intel boasted the above metrics and is listed as a ‘Buy’ among most major investment firms.
Alphabet Inc. (GOOG): Through Quantum AI, Alphabet focuses on building scalable quantum computers like the Sycamore processor and provides software tools for quantum algorithm development.
Market Cap: $1.54T
Price to Earnings Ratio (P/E): 22.74
Earnings Per Share (EPS): $4.49
At the time of writing, Alphabet boasted the above metrics and is listed as a ‘Strong Buy’ among most major investment firms.
Honeywell International (HON): Honeywell’s Quantinuum division focuses on trapped ion quantum computing, aiming for high precision and error-correction capabilities crucial for commercial viability.
Market Cap: $132.79B
Price to Earnings Ratio (P/E): 21.84
Earnings Per Share (EPS): $7.70
At the time of writing, Honeywell boasted the above metrics and is listed as a ‘Strong Buy’ among most major investment firms.
IonQ Incorporated (IONQ): IonQ specializes in trapped ion quantum computing, aiming to surpass traditional supercomputers with its unique computational power. Its commercial quantum computers are set to tackle world-changing problems.
Market Cap: $1.92B
Price to Earnings Ratio (P/E): -27.56
Earnings Per Share (EPS): $-0.36
At the time of writing, IonQ boasted the above metrics and is listed as a ‘Buy’ among most major investment firms.
These companies represent the forefront of quantum computing, poised to revolutionize various industries and drive unprecedented innovation.
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Emanuele Bertoli 