AI Sparks Wall Street Optimism
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quantum computersThe Motley Fool
•Business
Business & Economics
2 Scorching-Hot Quantum Computing Stocks That Can Plunge Up to 80%, According to 1 Wall Street Analyst
81% Informative
Quantum computing is a potentially game-changing technology that utilizes the laws of quantum mechanics to solve complex problems that traditional computers can't.
IonQ ( NYSE : IONQ) and Rigetti Computing (NASDAQ: RGTI ) have respectively risen by 374% and 802% over the trailing- six-month period.
Boston Consulting Group predicts quantum computing will add $450 billion to $850 billion in economic value globally by 2040 .
IonQ has lost $129.7 million through the first nine months of 2024 , with the company's operations burning through $66.3 million in cash.
Rigetti Computing is losing $48 million in the first three quarters of 2024 .
Like the metaverse, this is a technology that's going to require plenty of time and ample infrastructure to mature.
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