In This Article:
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Nvidia is infusing classical computer systems with quantum computing technology.
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Microsoft's innovation and extensive footprint make it a leading player in the quantum computing market.
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IBM's extensive progress in quantum computing bodes well for its future.
While quantum computing is still in the early stages of its development, the technology has massive potential because it could be capable of exponentially better performance than even the top supercomputers today. Artificial intelligence (AI) requires immense computing power, making the two technologies a logical pairing.
Together, AI and quantum computing could usher in a golden age of innovation. Research by McKinsey & Company estimates that the broader quantum technology market -- including quantum computing, quantum communication, and quantum sensing -- could grow to nearly $100 billion by 2035 and then double to almost $200 billion by 2040.
With that in mind, this is an excellent time to look at quantum computing stocks that could be potential winners as this technology matures. These three leading AI stocks could help lead the upcoming quantum revolution. Consider adding them to your portfolio today.
You can't say much about AI before bringing up Nvidia (NASDAQ: NVDA), the runaway leader in providing parallel processing chips for AI data centers. The company's expertise in developing high-end graphics processing units (GPUs) and its popular CUDA programming platform, which developers use to help those chips work efficiently on specific types of tasks, were keys to its emergence as an AI sector superpower.
Quantum computing is currently relatively unstable. Today's machines are prone to errors, and the technology has limited practical use outside of scientific research. Nvidia is developing quantum-accelerated computing, a hybrid technology that combines both quantum and classical computer systems. Its CUDA-Q programming platform helps integrate all these components, allowing developers to build and utilize accelerated quantum for real-world applications.
You could think of it like a car company opting to sell hybrid vehicles instead of pure gas or electric models. It's a mix of new and old technologies, potentially offering a faster path to market, monetization, and market share in high-end computing applications.
That's essentially the same playbook that Nvidia used for its AI accelerator chips. Only time will tell whether Nvidia can corner another segment of the computing market, but the company's ongoing AI momentum makes it a fantastic way for investors to gain exposure to the quantum computing opportunity.