Quantum computing has the investment world abuzz with excitement and uncertainty. Predictions surrounding market growth have caused prognosticators to foresee a $7.6 billion quantum computing market by 2027, a marvel in comparison to present figures. As the industry steadily matures, the financial sector braces itself for the rise of organizations in quantum computing. This implies that the time to buy is now, and here are three stocks set to yield substantial dividends.
Microsoft: A Quantum Giant
Microsoft (NASDAQ: MSFT) has been a juggernaut in the tech industry for over 48 years and plans only to grow stronger in the quantum computing field. Its robust portfolio includes software and hardware development, cloud computing services like Azure, and now, contributions to quantum computing technology. Although quantum computing may not yield immediate financial returns, Microsoft’s trailblazing innovations cement its role in shaping the future of computing technology.
In its most recent quarter, Microsoft reported impressive financial results with double-digit growth across major financial metrics. Projections paint a picture of a “Strong Buy” stock, with over 60% potential upside and a high price target of $600. These factors indicate that Microsoft continues to deliver shareholder value, forging a path as one of the top quantum computing stocks to own.
Intel: A Legacy of Innovation
Intel (NASDAQ: INTC) has been a pioneering force in the tech industry for more than 55 years. The company drives progress in computing solutions, including quantum computing technologies, and continues to push boundaries in cloud infrastructure and artificial intelligence. Although Intel’s third-quarter revenue saw a decline, analysts maintain a “Buy” rating, signaling confidence in the company’s future trajectory.