11 Most Favored Quantum Computing Stocks in the Near Future

11. Quantum Computing Corporation (NASDAO:OUBT)

Quantum Computing Inc. is a company specializing in nanophotonics-based quantum technologies that provide cost-effective commercial solutions. Quantum Computing Inc (NASDAQ:QUBT) is a company specializing in nanophotonics-based quantum technologies that provide cost-effective commercial solutions.

On September 5 of this year, Quantum Computing Corporation (NASDAQ:QUBT) announced a strategic partnership and collaboration agreement with Assured Cyber Protection (Recyber), an artificial intelligence-driven cybersecurity company. The primary purpose of the agreement is to coordinate the parties' efforts in promoting and delivering their respective cybersecurity technologies and products.

Israel Englander's Millennium Management and Matthew Hulsizer's PEAK6 Capital Management hold a combined $166,669 in QCI, according to the relevant database.

10.D-WAVE（NYSE:QBTS）

Number of hedge fund holdings: 10

D-Wave Quantum Inc.(NYSE:QBTS) is a Canadian company that provides quantum computing systems, software, and services, including a fifth-generation quantum computer called Advantage, the Ocean suite of open-source Python tools, and the cloud-based Leap service. They also offer a professional service, D-Wave Launch, which guides companies in implementing quantum technologies.

In the second quarter of fiscal 2023, D-Wave bookings reached $2.5 million, a significant increase of $1.5 million, or 146 percent, compared to $1.0 million in the same period of fiscal 2022; this marks the fifth consecutive quarter of year-over-year growth in D-Wave bookings.

D-Wave Quantum Inc.(NYSE:QBTS) was included in 10 hedge funds' portfolios, compared to 9 in the previous quarter, according to the relevant data.

In its Q2 2023 investor letter, D-Wave Quantum Inc stated:

"D-Wave Quantum Inc. had a weak first quarter, and its largest shareholder provided it with up to $50 million in new debt financing, with an initial drawdown of $15 million and an additional drawdown of the next installment if the company achieves certain milestones. After selling off sharply in the wake of the earnings report, QBTS appears to have been a beneficiary of AI-related stocks, with its shares rising sharply from their post-earnings lows. With a share price above $1 per share, QBTS now has access to equity financing from Lincoln Park Capital. During the quarter, QBTS increased its net worth by $0.11, or $1.2 million."

9.RIGETTI（NASDAQ:RGTI）

Number of Hedge Fund Holders: 13

Rigetti Computing develops quantum computers and superconducting quantum processors. The company's quantum computing-as-a-service platforms are available for public, private or hybrid clouds. They offer platforms, research tools and software for benchmarking, chemical simulation, education/entertainment, machine learning and optimization.

On September 19, Rigetti (NASDAQ:RGTI) announced a five-year contract with the Air Force Research Laboratory's Information Directorate to provide quantum foundry services to its researchers. The contract enables AFRL to utilize Rigetti Computing's (NASDAQ:RGTI) manufacturing and production capabilities to create tailored quantum systems.

According to a related database, 13 hedge funds are bullish on Rigetti Computing (NASDAQ:RGTI), with combined holdings valued at $2.3 million. Israel Englander's Millennium Management is the company's largest shareholder, with 1 million shares valued at $1.2 million.

8. IONQ Corporation (NYSR:IONQ)

Number of Hedge Fund Holders: 19

IonQ Corporation (NYSE:IONQ) is a Maryland-based company that specializes in creating versatile quantum computing systems. They offer quantum computers with various quantum bit capabilities. The company offers quantum computers through cloud platforms such as Amazon Braket from Amazon Web Services, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud services.

On September 28, IonQ Corporation (NYSE:IONQ) announced an enhanced partnership with the Air Force Research Laboratory to provide two barium-based captured ion quantum computing systems. Under the agreement, IonQ will install and set up the systems at the Air Force Research Laboratory's facility in Rome, N.Y. IonQ Inc. also reported book revenues of $28 million for the second quarter of 2023.

According to the relevant database, 19 hedge funds are bullish on IonQ, unchanged from the previous quarter.

7. Booz Allen Hamilton Holding Corporation

Number of Hedge Fund Holders: 25

Booz Allen Hamilton Holding Corporation (NYSE:BAH) provides a broad range of consulting, technology, and digital solutions to government, corporate, and nonprofit clients worldwide. The company focuses on artificial intelligence services, including machine learning, predictive modeling, automation, decision analytics, and quantum computing. It is one of the top quantum computing stocks to watch.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) was upgraded by analysts at Bank of America from a "neutral" rating to a "buy" rating on Oct. 3. "(NYSE:BAH) to Buy from Neutral, noting that the company is poised for growth as government agencies work to update and modernize their technology infrastructure.

Israel Englander's Millennium Management is a major position holder in the company with 694,859 shares valued at $77.50 million according to the relevant database.

Baron Asset Fund commented on Booz Allen Hamilton Holding Company (NYSE:BAH) in its Q2 2023 investor letter as follows:

"We have reactivated our position in Booz Allen Hamilton Holdings, a leading provider of outsourced consulting services to the federal government for both civilian and military purposes. We believe Booz's consultants, 65% of whom hold security clearances, are best-in-class in handling sensitive and high-priority cybersecurity, intelligence, defense, and spending efficiency projects for various government agencies. Under the leadership of longtime CEO Horacio Rozanski, the firm has made thoughtful investments in artificial intelligence, cybersecurity, software and other advanced technologies. The company has consistently led its peers and is a key partner in providing mission-critical and high-tech solutions to the government. In addition, Booz is the largest single provider of AI services to the federal government, which we believe will be a source of continued, outsized growth."

6. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 51

International Business Machines Corporation (NYSE:IBM) provides integrated solutions and services worldwide.IBM Quantum offers a range of quantum computing systems with varying numbers of quantum bits and capabilities.Qiskit Runtime is IBM's quantum computing service and programming model that dramatically improves the performance of complex tasks, sometimes up to 120 times over earlier models accelerated by a factor of 120.

On October 5, Burson-Marsteller maintained its Buy rating on IBM stock, noting that the company has a defensive portfolio, a strong dividend yield, and an artificial intelligence portfolio that is under-recognized or under-valued by the market.

According to the relevant database, 51 hedge funds are bullish on IBM, compared to 49 in the previous quarter; Paul Marshall and Ian Wace's Marshall Wace LLP is a major shareholder in the company with 1.2 million shares valued at $162.5 million.

5.Honeywell International Inc (NASDAQ:HON)

Number of Hedge Fund Holders: 61

Honeywell International Inc (NASDAQ:HON) is a diversified technology and manufacturing company with global operations. Honeywell Quantum Solutions (HON) has created some of the world's most advanced quantum computers utilizing captured ion technology. Honeywell International Inc (NASDAQ:HON) is one of the best quantum computing stocks to buy.

On September 29, the company declared a quarterly dividend of $1.08 per share, a 4.9% increase from its previous dividend of $1.03 per share. The dividend will be paid on December 1 to shareholders of record on November 10th.

According to the relevant database, 61 hedge funds are bullish on Honeywell International Inc (NASDAQ:HON), compared to 58 in the previous quarter.John Overdeck and David Siegel's Two Sigma Advisors is a major shareholder in the company with 1.95 million shares valued at $406.3 million.

4.Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 71

Intel Corporation (NASDAQ:INTC) is a global company specializing in the design, development, manufacture and sale of computing and related products. The company unveiled Tunnel Falls, its state-of-the-art silicon spin-quantum bit chip, which marks a significant step towards creating a commercial quantum computing system. Intel Corporation (NASDAQ:INTC) is also making this chip available to the quantum research community to encourage progress and innovation in the field. It is one of the major quantum computing stocks to watch.

On October 16, analysts at Citibank highlighted Intel Corporation (NASDAQ:INTC) as one of the hot topics for investors, particularly in terms of optimism about Intel's shift to focus on the foundry business. They are skeptical that Intel can succeed in the foundry market, as the company has to compete with the likes of Taiwan Semiconductor and GlobalFoundries. However, if Intel Corp. is able to regain its leadership position in manufacturing, it could boost Citi's confidence in the stock.

Intel Corporation (NASDAQ:INTC) was included in 71 hedge funds' portfolios, compared to 68 in the previous quarter, according to the relevant database.

3.ALPHABET（NASDAQ:GOOG）

Number of Hedge Fund Holders: 152

Alphabet Inc.'s (NASDAQ:GOOG) Google Quantum AI is exploring the boundaries of quantum computing. Its software and hardware are tailored to create innovative quantum algorithms designed to tackle real-world challenges in the near future.

Alphabet Inc.(NASDAQ:GOOG) is one of the top quantum computing stocks to consider. Alphabet Inc (NASDAQ:GOOG) was one of the stocks that hit a new 52-week high on October 12 as the Standard & Poor's 500 Index (S&P 500) struggled to maintain its positive trend for the fifth consecutive session.

According to the relevant database, Alphabet Inc (NASDAQ:GOOG) appears in 152 hedge fund portfolios, compared to 155 in the previous quarter.Harris Associates is the company's largest shareholder with a position worth $3.2 billion.

2.NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 175

NVIDIA Corporation (NASDAQ:NVDA) on March 21, 2023 launched a new system built with quantum machines. The system is designed for researchers who wish to use extremely fast quantum classical computers. Called the NVIDIA DGX Quantum, the system is the first to combine powerful computing capabilities with advanced quantum control.

On October 15, Bank of America analyst Vivek Arya gave a Buy rating and $650 price target on NVIDIA Corporation and predicted that the company will release chipsets in 2024 and 2025 for Arm training, Arm inference, x86 training and inference, and artificial intelligence infrastructure. This information is based on the company's updated product pipeline. In addition, the analyst believes that NVIDIA could be one of the first companies to launch an AI gas pedal on a 3-nanometer processor, or perhaps even a 2-nanometer processor, which is considered more advanced than larger processors.

According to the relevant database, 175 hedge funds own shares of NVIDIA Corporation (NASDAQ:NVDA), compared to 132 in the previous quarter.Rajiv Jain's GQG Partners is a major shareholder in the company, holding nearly 14 million shares worth $5.9 billion.

1.Microsoft Corporation (NASDAQ:MSFT)

Number of hedge fund holders: 300

Microsoft Corporation (NASDAQ:MSFT)'s Azure Quantum is working to improve all aspects of quantum computing, from software and applications to controls and actual hardware. The company is also working on developing more reliable topological quantum bits for use in powerful quantum computers.

On October 16, Microsoft launched a program in which eligible holders can exchange their Activision Blizzard notes for up to $3.65 billion worth of new notes and cash.

According to the latest database, 300 hedge funds are long Microsoft Corporation (NASDAQ:MSFT), up from 289 funds in the previous quarter. The Bill & Melinda Gates Foundation Trust holds the largest position in the company, comprising 39.2 million shares worth $13.3 billion.

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