3 Quantum Computing Stocks AI Predicts Will Deliver Triple-Digit Returns in 2030

Quantum computer stocks are gaining traction among investors. This trend has triggered an increase in quantum computer stocks to buy.

The shift from traditional to quantum computing is not only imminent, it’s already underway. This article aims to highlight the growth potential of quantum stocks. We will analyze market trends and key factors that make these stocks a promising investment.

To discover these opportunities, I have used various methods. I asked ChatGPT to narrow down the list, then used a machine learning Google Sheets extension to extrapolate the predictions.

So, are you ready to profit from quantum innovation? Join us on this journey into the quantum realm. We will guide you on how to maximize returns and minimize risk. Let’s dive.

IBM (IBM)

Photo of the IBM Building (IBM) seen through the canopy of a tree.  The IBM logo is in large letters on the side of the building.

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IBM (NYSE:IBM) has made remarkable advances in quantum computing, and their advances include accessibility through the cloud. They are continually striving to improve this technology. It is part of a larger cloud and cognitive software division that has been instrumental in the company’s growth.

IBM scientists claim a big leap in quantum computing. They developed a strategy for dealing with quantum noise, a major obstacle in the field. This approach introduces more noise and tracks its effects, potentially making quantum computers as usable as their traditional counterparts.

There’s more to love with IBM. For example, the company’s dividend yield stands at an impressive 5.06%. The dividend is safe. The cash flow from IBM stock supports this well. Analysts also expect IBM’s share to rise to $140.70 in the next year. These factors mean it could be undervalued.

Microsoft (MSFT)

The Microsoft logo on the outside of a building representing MSFT stock.

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Microsoft (NASDAQ:MSFT extension) is another one of those quantum computer stocks to buy. AI recommended the company due to its development of topological qubits (the basic unit of quantum information). To greatly simplify things, MSFT stock could build a superior quantum system if it can handle these qubits. The work is still in R&D, but there have been some promising developments.

Microsoft Quantum researchers have reportedly reached a milestone in the development of a practical quantum computer. They have created a new way of representing a stable and scalable logical qubit, which is crucial for building a large-scale quantum computer. They achieved this by inducing a phase of matter characterized by Majorana zero modes, a type of particle. This technology has passed major tests, proving to be a viable approach.

Now might be a good time to get on board MSFT stock for other reasons as well. Its share has increased year-to-date, growing 38.22% year-to-date. Additionally, analysts rate the stock as a buy and it has a price target of $343.51.

Alphabet (GOOGL)

Alphabet Inc. (GOOG, GOOGL) and Google logos displayed on a smartphone

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Alphabet (NASDAQ:GOOGL) was the AI’s final recommendation. Google’s quantum computer achieved “quantum supremacy” in 2019 by performing a task that a classical computer would find extremely difficult to complete. This result marks an important milestone in the advancement of quantum computing.

Google’s Quantum AI team has made a significant breakthrough in quantum computing by reducing errors and increasing the number of physical quantum bits (qubits) into a “logical qubit,” which is critical to building large-scale quantum computers. They achieved this by using a specific error correcting code called a surface code. This advance is a critical step in Google’s plan to build an error-correcting quantum computer.

GOOGL’s share was sold earlier this year during the rise of ChatGPT. In my view, this presents a buying opportunity for eager investors. The analyst rates it a buy and currently has a price target of $132.03.

As of the date of publication, Matthew Farley did not hold (directly or indirectly) any positions in the securities referenced in this article. Opinions expressed are those of the writer, subject to InvestorPlace.com posting guidelines.

Matthew began reporting on the financial markets during the cryptocurrency boom of 2017 and has also been a team member of several fintech startups. He then began writing about Australian and US stocks for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and New Scientist magazine, among others.

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