AI picks two quantum computing stocks to buy in January

Industry Overview - The quantum computing industry is emerging as a dynamic investment frontier, driven by increasing demand from commercial and government sectors [1] - Market forecasts predict quantum computing will grow from $1.16 billion in 2024 to $12.6 billion by 2032, indicating strong long-term investment potential [2] Company: IonQ - IonQ has established partnerships with major companies like Amazon and Microsoft, enhancing its position in cloud-based quantum technologies [3] - The company secured significant government contracts, including a $21.1 million project with the U.S. Air Force Research Lab and a previous $54.5 million deal [4] - IonQ's collaboration with AstraZeneca aims to develop quantum applications for drug discovery, showcasing its industrial application potential [5] - In its latest quarterly report, IonQ reported a 102% revenue increase to $12.4 million, exceeding Wall Street expectations, with a bullish outlook for profitability by 2030 and projected annual sales of $1 billion [5] - As of January 14, IonQ shares were trading at $29.51, down 42.16% from its all-time high of $51 and down 31% year-to-date, presenting an attractive entry point for long-term investors [6] Company: D-Wave Quantum - D-Wave Quantum is focusing on quantum annealing technology and expanding partnerships, positioning itself as an attractive investment opportunity [7] - The company announced a collaboration with Carahsoft Technology Corp. to provide quantum solutions to the U.S. public sector, enhancing its market reach [8] - International partnerships with NTT DOCOMO and Japan Tobacco aim to address network congestion and improve drug discovery, respectively, indicating D-Wave's relevance in real-world applications [9] - D-Wave reported fiscal 2024 bookings expected to exceed $23 million, a 120% increase from 2023, with Q4 bookings projected at $18 million, reflecting a 500% year-over-year growth [10] - As of January 14, D-Wave shares were trading at $4.73, following a 54% drop in five days, offering a potential entry point for long-term growth investors [11]