3 Quantum Computing Stocks to Turn $100000 Into $1 Million: June Edition – InvestorPlace

Capitalize on the synergy between AI and quantum with these millionaire-maker quantum computing stocks

Quantum computing, with its unparalleled data processing speed, has the potential to usher in a new era in tech. Moreover, the synergy between AI and quantum computing will elevate millionaire-maker quantum computing stocks to new heights. The industry is likely to achieve these kinds of returns as a result of becoming a new critical technology at the center of data processing and connection.

Moreover, quantum tech is leaving traditional silicon-based systems in the dust. Beyond this, some of the most influential companies in the tech world are driving the industry, promising exciting opportunities for investors. However, backing the right horses in the race for quantum supremacy is important to maximize your upside potential.

That said, here are three millionaire-maker quantum computing stocks worth investing in for the long haul. Thats because the industry still operates on the fringes of science and technology, making it a long-term play for those looking for generous returns.

IonQ (NYSE:IONQ) is the top pure-play quantum computing stock, perhaps the most promising among its peers. It has made some impressive strides of late, achieving ion stability for an hour, a feat that far comfortably outpaces its competition. Its promise is reflected in its recent strong financial performance. It recently reported its first-quarter (Q1) results, where sales soared 77.2% on a year-over-year (YOY) basis to $7.6 million. Additionally, its loss of 19 cents per share beat expectations by six cents. For the full year, it expects sales between $37 million and $41 million, over 70% growth at the mid-point on a YOY basis. Moreover, the company recently partnered with Oak Ridge National Laboratory (ORNL) to leverage quantum technology to modernize the power grid. This stellar partnership, along with others, demonstrates IonQs ability to innovate and expand its applications, offering healthy long-term upside ahead for its investors.

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Investing in quantum computing can be complicated and speculative at the same time. To simplify the process, the Defiance Quantum ETF (NYSEARCA:QTUM) works best, with it investing in AI stocks to provide a balanced cushion.

The QTUM ETF offers investors exposure to some of the leading global businesses in transformative technologies such as machine learning, quantum computing, and cloud platforms. It holds investments in 70 different stocks, with its top 10 holdings representing just 20% of its $252 million net assets. Hence, its holdings are highly diversified, with an expense ratio of just 0.40%. Some of the companies in its investment portfolio are MicroStrategy(NASDAQ:MSTR),Nvidia(NASDAQ:NVDA), andMKS Instruments(NASDAQ:MKSI) to name a few.

Moreover, QTUM stock has been a smashing success for its investors in the past five years, generating a total return of over 175%, 361% higher than the median of all ETFs. In the past year alone, its up 30% and is positioned for healthy long-term gains.

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Microsoft (NASDAQ:MSFT), a tech giant, has tentacles in virtually every major tech vertical, and quantum computing is no different. The AI revolution took Microsofts business up a notch or two last year, and it is eyeing quantum computing as the next frontier. Its partnership with quantum computing pure-play Quantinuum could be a breakthrough for the entire sector. According to a recent statement from one of Microsofts executives, the company has made massive progress in reducing qubit error rates, which is critical for commercializing quantum technology. Its qubit-virtualization system applied to Quantinuums ion-trap hardware, led to more than 14,000 error-free experiments. The breakthrough will set the stage for Quantinuums Helios H-Series quantum computer by next year. Moreover, the collaboration between the two tech companies aims to go from 100 reliable logical qubits to a whopping 1,000 qubits. If these lofty plans come to fruition, I wont be surprised if MSFT stock goes on another monumental run like last year.

On thedate of publication, Muslim Farooque did not have (eitherdirectly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines

Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelors of science degree in applied accounting from Oxford Brookes University.

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3 Quantum Computing Stocks to Turn $100000 Into $1 Million: June Edition - InvestorPlace