3 Quantum Computing stocks that can make your Summer unforgettable

The quantum computing industry stands out amid a rapid increase in technological innovation and the development of quantum artificial intelligence.

Fortune Business Insights recently measured the industry’s growth outlook, stating that it expects the quantum computing market to grow 34.8% annually through 2032. Fortune Telling Businesswhich shows the systemic risk associated with the field of quantum computing.

Considering the above, I set out on a journey to find three of the best quantum computing stocks. Methodologically, I emphasized basic data, qualitative statistics, and event-driven activities. Additionally, I covered my review process with a technical review to ensure consistency.

Although the industry’s prospects are bright, quantum computing stocks are volatile. Therefore, quantum computing stocks can only be suitable for some.

However, if you are a risk-averse investor, then there are three quantum computing stocks to consider.

Form (FORM)

FormFactor (NASDAQ:THE CREATURE) is a favorite to B. Riley (NASDAQ:RILY). The investment bank recently upgraded the stock’s price target to $74 from $65 based on the “magnitude and speed of the acceleration of fundamentals and AI-led investments.”

For those who don’t know, FormFactor offers many solutions for cryogenic analysis and measurements in quantum engines. As such, the company fills an important gap in the quantum computing industry.

Although it uses quantum computing as an enabler, FormFactor may benefit from supporting the industry’s core processes and its high barriers to entry. In addition, FormFactor offers additional market services, including automotive and aviation, which reduce its concentration risk.

Additionally, FormFactor’s short-term models are compatible. For example, the company recently exceeded its second quarter estimates by exceeding its revenue target by $2.51 million and its earnings per share target by four cents.

FormFactor’s successful quarter led to a gross margin of 45.3% and a return on common equity ratio of 13.62%, reflecting the company’s competitive edge.

FORM stock has lost more than 20% of its value in the past month, dragging its relative strength index to around 41, which I believe gives investors a solid entry point.

IonQ (IONQ)

IonQ (NYSE:IONQ) is an exciting prospect. The company aims to build the world’s best quantum computers to solve some of the world’s most complex problems to improve society, industry and the environment.

By doing so, IonQ can offer its investors attractive returns while contributing to society through revolutionary efforts.

This quantum computing gem is supported by SoftBank (OTCMKTS:SFTBY). Although SoftBank recently reduced its stake by 510,000 shares, it is still heavily invested, owning about 2.63 million shares.

SoftBank’s positive view of IonQ was recently confirmed after IonQ reported a surprising second-quarter earnings report.

IonQ’s second quarter revenue increased 1.06x year-over-year to $11.4 million, above its mid-point guidance of $8.4 million.

Additionally, IonQ secured $9 million in savings during the quarter, which further accelerates product development.

IONQ stock is trading below its 10-, 50-, 100-, and 200-day moving averages, suggesting a “dip buy” opportunity has arisen. Although the price-to-sales ratio of 44.61x is high, IonQ’s strong growth and technical indicators provide value to the trading argument.

International Business Machines (IBM)

IBM (NYSE:IBM) is a family name that usually needs no introduction. The company has an extensive list of offerings.

However, among its strongest verticals is quantum computing, which, given the current nature of data collection, could add confusion to IBM’s growth path.

The company invented the “next generation” of “quantum processor” and “quantum system two” by the end of 2023. Many technology analysts speculate about the reality of IBM’s quantum capabilities.

However, the general consensus is that IBM will ultimately benefit from seamless quantum integration, while simultaneously boosting its growth rate.

A move away from IBM’s exclusive divisions and its stock markets offers more promise.

For example, IBM released its second quarter earnings report last month, revealing revenue of $180 million and earnings of 19 cents.

In addition, IBM delivered a strong outlook for the full year, saying it expects its free cash flow to reach $12 billion and its revenue to grow in the “mid-single digits” .

Finally, the total return on IBM stock is compelling. For example, IBM has a company’s price-to-earnings ratio of just 3.58x and a forward dividend yield of 3.47%, suggesting that its stock is undervalued with solid underlying characteristics. to income.

As of the date of publication, Steve Booyens did not hold (either directly or indirectly) any of the compensation conditions mentioned in this article. The opinions expressed in this article are those of the author, who are dependent on InvestorPlace.com Advertising Guidelines.