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2 Quantum Computing Stocks To Watch In December 2023

Quantum Computing stocks to watch in the stock market today.

Quantum computing represents a groundbreaking advancement in computing technology. It operates on the principles of quantum mechanics, differing significantly from classical computing. Quantum computers use quantum bits, or qubits, enabling them to process complex calculations at unprecedented speeds. This technology has the potential to revolutionize various fields, including cryptography, drug development, and complex system modeling.

Investing in quantum computing stocks is gaining attention as the technology evolves. Companies engaged in quantum computing are often at the forefront of research and development in this area. These investments can offer significant growth potential as quantum computing matures. However, they also come with notable risks. The technology is still in its early stages, and practical applications are yet to be fully realized. This makes investments in quantum computing stocks speculative in nature.

Potential investors should consider the high level of technical expertise required to evaluate these stocks. The field is complex and rapidly evolving, making it challenging for non-experts to assess. Furthermore, due to its nascent stage, the market for quantum computing is highly volatile. This can lead to significant fluctuations in stock prices. Investors interested in quantum computing stocks should be prepared for a long-term investment horizon and be willing to tolerate potentially high levels of risk. That said, let’s look at two quantum computing stocks to watch in the stock market today.

Quantum Computing Stocks To Buy [Or Avoid] Now

IonQ (IONQ Stock)

Leading off, IonQ Inc. (IONQ) is a pioneering company in the field of quantum computing. The company focuses on developing full-stack quantum computing systems. IonQ’s technology is based on trapped ion quantum computing, which is distinct from other quantum computing approaches. The company aims to make quantum computing widely accessible and applicable across various industries.

Today, IonQ announced the availability of its most advanced quantum system, IonQ Forte, through Amazon’s Braket Direct Program. This program, a part of Amazon Web Services (AWS), offers a fully managed quantum computing service. It allows customers to reserve dedicated capacity on various quantum devices, including IonQ Forte, without upfront fees or subscriptions. This new availability not only enhances access to IonQ’s state-of-the-art quantum computing systems but also provides customers with the opportunity to collaborate directly with IonQ’s application development team.

Year-to-date, shares of IONQ stock have jumped by 283.53%. Meanwhile, during Tuesday morning’s trading session, IonQ stock opened lower on the day so far by 4.07%, trading at $13.17 a share.

Source: TD Ameritrade TOS

[Read More] Best Dow Jones Stocks To Buy Today? 2 In Focus

Microsoft (MSFT Stock)

Next, Microsoft Corporation (MSFT) is a globally recognized technology corporation, with a broad range of products and services. Microsoft has diversified its offerings to include cloud computing services (Azure), gaming (Xbox), hardware (Surface), and more. It has also ventured into the quantum computing space, contributing to the advancement of this emerging technology.

Last month, Microsoft reported better-than-expected financial results for the first quarter of 2024. The company posted earnings of $2.99 per share and a revenue of $56.52 billion in Q1 2024. These figures surpassed the expectations of analysts, who had forecasted an EPS of $2.65 and revenue of $54.49 billion. Additionally, the reported revenue showed an increase of 12.76% compared to the same quarter in the previous year.

In 2023, shares of Microsoft stock have surged by 54.33% year-to-date. Meanwhile, during Tuesday’s morning trading session, MSFT stock opened slightly higher by 0.14% at $369.67 per share.

Source: TD Ameritrade TOS

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By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha,, and actively contributes to FactSet. At, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

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