The 3 Best Quantum Computing Stocks to Buy in October

Quantum computing is all the rage right now, and thousands of engineers have been working to make it more accessible. It’s no secret that it will be one of the hottest must-have technologies in the near future. But what are the best quantum computing stocks to buy?

Every major tech company is investing heavily in quantum research, and the race will be the first to commercialize a scalable quantum computer.

There are many ways to benefit from the ever-growing trend towards quantum computing. It invests in companies that are actively researching and developing quantum computers, such as IBM (NYSE:IBM), Googleand Microsoft (NASDAQ:MSFT).

Another is to invest in companies that are likely to be big users of quantum computing once it becomes available, such as Amazon (NASDAQ:AMZN) and Alibaba (NYSE:BABA).

Finally, you can invest in the infrastructure needed to support large-scale quantum computing, such as B. Data center operators equinox (NASDAQ:EQIX).

If you invest your money in stocks, you have a lot of good options related to quantum computing. The key is to do your homework and select the companies that you think have the best chance of succeeding in this fledgling industry.

Plenty of companies are touting the development of quantum computing — but these three stocks might have missed you:

HON	Honeywell	$178.60
IONQ	IonQ	$5.38
RGTI	Rigetti computing	$2.08

Honeywell International (HON)

Honeywell (NASDAQ:HON) is best known for its consumer products, but is also a major player in quantum computing.

Large corporations such as IBM and Google are already using the company’s quantum computers. However, Honeywell is actively working to aggressively expand its customer base.

In addition, Honeywell invests heavily in research and development and works with major universities to advance the state of quantum computing. As a result, Honeywell will benefit from the continued growth of the quantum computing industry.

Honeywell recently announced that it intends to spin off its quantum computing services as a separate entity in a most interesting development. The company will combine these new technologies at Cambridge Quantum Computing.

While some investors are concerned about the move, Honeywell insists it will allow the company to focus on its core businesses and create more shareholder value. Time will tell if this decision pays off. But Honeywell remains one of the leaders in quantum computing. And the stock price should continue to reflect that.

IonQ (IONQ)

IonQ (NYSE:IONQ) is a relatively new company making quantum computing more accessible. It is the first pure quantum computing company to go public.

Its technology is currently used by major companies such as Microsoft, Amazon’s Web Services (AWS) and Google Cloud. In addition, a Japan-based conglomerate SoftBank (OTCMKTS:SFTBY) is investing in the company to use its quantum computing power in technology projects.

Overall, IonQ is one of the few companies driving the development of quantum computing. As quantum computing technology advances, there is hope that it will eventually be able to solve problems too complex for classical computers.

This will impact the financial, healthcare, telecom and energy industries. Quantum computing stocks are therefore an attractive investment option for long-term growth potential.

If you’re willing to take more risk when investing in quantum computing stocks, IonQ makes sense, although the company is making losses.

Rigetti Computing (RGTI)

Rigetti computing (NASDAQ:RGTI) provides quantum computing systems and services. It offers a complete stack of quantum hardware and software products.

Rigetti’s mission is to build the world’s most powerful computers that solve mankind’s greatest challenges. To this end, the company offers free access to its Quantum Cloud Services platform. It also offers the Rigetti Forest SDK, a Python-based software development kit for quantum computers.

Rigetti is a loss-making company at this point, which makes sense since it’s still new to the game. Many startups go through a losing streak before they become established and profitable.

Rigetti is expected to become a profitable venture over the next few years as quantum computing becomes more widespread. Rigetti is initially a loss-making company. However, you can expect that to change as quantum computing is still in its early stages.

Rigetii is a leader in quantum computing with its technological breakthroughs. With its strong financial backing and cutting-edge technology, Rigetii will help revolutionize the way we use computers.

Investors will benefit immensely on this journey. If you’re looking for a good investment among quantum computing stocks, Rigetti is worth considering. It has the potential to become a multibagger in the future.

At the time of publication, Faizan Farooque held (neither directly nor indirectly) positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to the InvestorPlace.com Posting Policies.