Core Insights - The technology sector is experiencing a shift in investor focus from artificial intelligence to quantum computing, with significant advancements expected to drive stock price growth for key players [1][2] Company Developments - Alphabet's Quantum AI division has introduced the Willow chip, which completed a benchmark calculation in under five minutes, a task that would take a classical supercomputer approximately 10²⁵ years [3] - The Willow chip also marks a significant advancement in quantum error correction, essential for developing practical and fault-tolerant quantum systems [3][4] - IonQ has made notable progress in quantum hardware, completing the acquisition of Oxford Ionics for about $1.1 billion, enhancing its capabilities in high-fidelity and stable qubit architectures [6] - IonQ aims to increase its qubit counts significantly by the end of the decade and is expanding its presence in Europe, indicating a broader scale-up in global deployment [7] Industry Trends - The developments in quantum technology suggest a shift in momentum towards commercial viability, although the sector remains in its early and speculative stages [9] - Both companies have not yet achieved the necessary millions of qubits for fault-tolerant quantum computers, and commercial applications are limited by error rates, costs, and scaling challenges [9][10]
These 2 stocks are approaching quantum computing breakthroughs; Time to buy?