Which Quantum Computing Stocks Could Make You a Millionaire?

If you're looking to build wealth, one effective strategy is to identify emerging trends and invest in leading companies within those sectors. For instance, savvy investors who purchased shares of Microsoft during the early days of personal computers or Amazon in the dawn of the internet have likely seen substantial gains.

So, what is the next big opportunity? Quantum computing is a strong contender, but which quantum computing stocks hold the best potential for generating significant wealth?

High-Risk, High-Reward Opportunities

It’s important to start with high-risk stocks in the quantum computing arena that may offer substantial long-term returns. These companies have shown remarkable growth over the past year.

Take Rigetti Computing for instance; its share price has skyrocketed by more than 1,000% over the past twelve months. Rigetti aims to lead in superconducting quantum computing and currently has 17 quantum systems installed, recently launching a new 84-qubit system named Ankaa-3.

Quantum Computing is closely trailing Rigetti with significant gains as well. This company is focused on creating photonic integrated circuits designed specifically for quantum computers and has eight installations in place. It stands out as the only pure-play public entity specializing in nonlinear quantum optics and integrated photonics.

D-Wave Quantum has also garnered considerable investor interest, with its stock climbing nearly 590% in the past year. D-Wave claims to possess the world’s largest quantum computer and services 132 clients, including 27 from the prestigious Forbes Global 2000 list.

IonQ is actively marketing its Forte and Tempo quantum computers and has established partnerships with major firms such as Ansys and AstraZeneca. They have also secured a $54.5 million contract to develop quantum systems for the U.S. Air Force Research Lab.

On another front, Arqit Quantum and Sealsq are two ancillary stocks that have seen growth, although it’s not at the same level as the previous names. Arqit provides quantum-safe encryption software, while Sealsq manufactures quantum-resistant microcontrollers.

Established Industry Leaders

Investors seeking more stability may prefer larger, more established players in the quantum computing space. Microsoft is the largest player here, offering Azure Quantum, a cloud-based quantum computing service.

Alphabet, the parent company of Google, has made significant waves in quantum computing, especially after announcing advancements with its Willow quantum chip in December 2024. This chip drastically reduced errors as more qubits were added, representing a groundbreaking step in the field.

IBM and Honeywell have both been pioneers in technology for over a century and are heavily invested in quantum computing advancements. IBM claims to maintain the largest quantum computing fleet globally through its Qiskit platform. Honeywell has combined its quantum unit with Cambridge Quantum to create Quantinuum, which is labeled as the “world's largest integrated quantum computing company.” Even though Quantinuum is private, Honeywell retains about 54% ownership.

Potential Millionaire Makers

In theory, any of these quantum computing stocks could potentially lead to millionaire status with the right upfront investment and patience. Generally, smaller companies might offer more room for growth, but they come with higher risk.

Among these, I believe Rigetti deserves the attention it has received lately. In addition, Quantum Computing, D-Wave, and IonQ could also emerge as legitimate contenders in the quantum market. However, predicting which will succeed the most is inherently uncertain.

For bold investors willing to accept considerable ups and downs, a solid approach might be to buy shares across a range of these companies and let time take its course. It’s crucial to remember that none of these investments guarantee profits, let alone millionaire-making potential.

Among the more established players, Alphabet seems like a robust choice for potentially turning a $1 million investment into reality over time. Although it faces risks like regulatory scrutiny, it’s expected to maintain dominance in search and advertising.

I anticipate continued rapid growth for Google Cloud, while Waymo has a significant opportunity in the robotaxi sector. Furthermore, there’s the potential for Google to achieve its ambitious goal of developing a “useful, error-corrected quantum computer” by the decade’s end.

investing, quantum, stocks