The 3 Best Quantum Computing Stocks to Buy for 2026

Core Insights - Nvidia is actively involved in quantum computing, providing essential infrastructure and software to support hybrid quantum systems, which enhance AI capabilities in complex applications like drug discovery and materials science [1][7] - The company has launched NVQLink, an architecture that connects GPUs to Quantum Processing Units (QPUs), facilitating real-time tasks essential for practical quantum computing [7][8] - Nvidia's market cap is currently $4.49 trillion, making it the most valuable company globally, with a strong focus on AI and quantum computing as key growth areas [3] Nvidia's Financial Performance - In Q3, Nvidia reported record revenue of $57 billion, a 22% increase from the previous quarter and a 62.5% year-over-year growth, with earnings of $1.30 per share [9] - The data center segment generated $51.2 billion in revenue, up 25% sequentially and 66% year-over-year, driven by accelerated computing and AI applications [9] - Analysts project a 61.68% year-over-year increase in profit to $7.59 per share for fiscal 2027, with revenue expected to grow 50.30% to $320.5 billion [10] Analyst Sentiment - Wall Street analysts have a consensus rating of "Strong Buy" for Nvidia, with 44 out of 48 analysts recommending it, and a mean price target of $256, indicating a 38.5% upside potential [11] Quantum Computing Industry Overview - Quantum computing is evolving into a transformative technology with significant commercial implications, shifting focus from its feasibility to identifying beneficiaries as commercialization progresses [6] - Companies like Amazon and D-Wave Quantum are also positioned to capitalize on quantum computing advancements, with Amazon integrating quantum solutions into its AWS platform and D-Wave being a pure-play quantum computing provider [4][20] D-Wave Quantum's Performance - D-Wave Quantum reported a 100% increase in revenue to $3.7 million in Q3, driven by system upgrades and professional services, although it faced a widening net loss of $140 million [23] - Analysts expect D-Wave's revenue to jump 55.46% year-over-year to $39.82 million in FY26, with a consensus rating of "Strong Buy" among analysts [24][26] Amazon's Quantum Computing Strategy - Amazon is leveraging its AWS platform to lead in quantum computing commercialization, offering a cloud-based quantum research platform and developing its own quantum chip, Ocelot [14][15] - The company reported a 13.4% year-over-year increase in total net sales to $180.2 billion in Q3, with AWS generating $33 billion in revenue, up 20% year-over-year [17] - Analysts forecast an 11.19% year-over-year increase in Amazon's GAAP EPS to $7.86 for 2026, with a consensus rating of "Strong Buy" [18][19]