In this article, we will discuss the 11 Best Quantum Computing Stocks to Invest In Right Now.
According to McKinsey, when it comes to quantum technology (QT), the investment continues to surge and breakthroughs continue to multiply. The 3 core pillars of QT, i.e., quantum computing, quantum communication, and quantum sensing, can together garner up to $97 billion in revenue worldwide by 2035. McKinsey is seeing a transition from development to deployment.
Key Trends Impacting the Industry
While the QT start-up ecosystem remains a fertile ground for breakthroughs, McKinsey highlighted that well-established tech giants fueled the bulk of change in 2024. Some of the advancements from renowned companies consist of suppression of error rates relative to the number of qubits, development of multiple high-fidelity qubits, and significant reductions in the cost of quantum error correction.
McKinsey also opines that the total quantum communication market size was pegged at $1.2 billion in 2024, which is expected to reach $10.5 billion – $14.9 billion by 2035. Its research demonstrates that governments are presently the largest purchasers of quantum communication technologies, at ~57% of all purchases in 2024, while the private sector continues to increasingly adopt the technology.
By 2035, McKinsey believes that the telecommunications sector is anticipated to account for 16% – 26% of the overall spending on quantum communication products.
Amidst such favourable trends, let us now have a look at the 11 Best Quantum Computing Stocks to Invest In Right Now.
Our Methodology
To list the 11 Best Quantum Computing Stocks to Invest In Right Now, we sifted through several online rankings and shortlisted the companies catering to the broader quantum computing sector. Finally, the selected stocks were arranged in ascending order of their hedge fund sentiments, as of Q2 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Note: All the data is as of November 21, 2025
11 Best Quantum Computing Stocks to Invest In Right Now
11. Arqit Quantum Inc. (NASDAQ:ARQQ)
Number of Hedge Fund Holders: N/A
Average Upside Potential: ~128.2%
Arqit Quantum Inc. (NASDAQ:ARQQ) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 11, the company announced the launch of SKA Central Controller (SKA-CC), which is an innovative software platform future-proofing network security against current and post-quantum threats.
Arqit Quantum Inc. (NASDAQ:ARQQ) highlighted that SKA-CC happens to be a crypto-agile, low-footprint product, allowing Telco and Defense Managed Service Providers to offer quantum-safe network services without incurring the cost and complexity of traditional key management.
In a separate development, Arqit Quantum Inc. (NASDAQ:ARQQ) announced that it expects revenue for the second half period ended 30 September 2025 of ~$460,000 – $470,000. For FY 2025, it expects revenue of between $525,000 – $535,000.
The revenue growth in FY 2025 on a YoY basis was mainly due to revenue recognition of new contracts signed in the fiscal year and the start of revenue recognition in March 2025 under the previously announced multi-year enterprise license contract in the EMEA region for the government end user. Arqit Quantum Inc. (NASDAQ:ARQQ) also executed contracts, which are anticipated to generate revenues of ~$1.2 million in FY 2026.
10. SEALSQ Corp (NASDAQ:LAES)
Number of Hedge Fund Holders: 7
Average Upside Potential: ~44.5%
SEALSQ Corp (NASDAQ:LAES) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 18, the company reaffirmed its FY 2025 revenue guidance and announced expectations for a strong acceleration in growth for 2026. This is aided by an expansion of customer demand, the impact of the acquisition of IC’Alps, and the scaling of the post-quantum product roadmap. SEALSQ Corp (NASDAQ:LAES) reaffirmed its FY 2025 revenue guidance of $17.5 million – $20.0 million, showcasing full-year growth of between 59% – 82% on a YoY basis.
After strong revenue growth for the initial 9 months of 2025, where SEALSQ Corp (NASDAQ:LAES) reported preliminary revenues of $9.9 million, demonstrating 41% growth YoY, with $5.1 million witnessed in Q3 2025 alone, the company believes that this trend will continue in Q4 2025.
YTD growth was mainly aided by renewed demand for traditional SEALSQ products and the consolidation of 2 months of revenue from IC’ALPS, after its acquisition on August 4, 2025.
SEALSQ Corp (NASDAQ:LAES) is a leading innovator in Post-Quantum Technology hardware and software solutions.
9. Quantum Computing Inc. (NASDAQ:QUBT)
Number of Hedge Fund Holders: 11
Average Upside Potential: ~108.8%
Quantum Computing Inc. (NASDAQ:QUBT) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 14, the company released financial results for the 3 months ended September 30, 2025. The company’s Q3 2025 revenues totaled ~$384,000 as compared to $101,000 in Q3 2024. The revenue growth was mainly because of increases in the number of, size of, and level of effort performed on R&D services and custom hardware contracts.
Furthermore, it also started to recognize revenue for cloud-based access to the Dirac-3 quantum optimization system during Q3 2025. Quantum Computing Inc. (NASDAQ:QUBT) posted a net income of $2.4 million in Q3 2025 as compared to a net loss of $5.7 million in Q3 2024. This growth was mainly because of a gain of $9.2 million from the mark-to-market of a derivative liability, plus interest income amounting to $3.5 million.
Quantum Computing Inc. (NASDAQ:QUBT) closed Q3 2025 with $352 million in cash and $461 million in investments. Subsequent to the quarter, the company garnered an additional $750 million, offering a significant liquid position of more than $1.5 billion for executing its long-term growth strategy. Thanks to the recent financings, it has significant resources to implement its TFLN fabrication and quantum machine development initiatives.
8. Rigetti Computing, Inc. (NASDAQ:RGTI)
Number of Hedge Fund Holders: 17
Average Upside Potential: ~16.6%
Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 12, David Williams, a Benchmark analyst, assigned a “Buy” rating to the company’s stock, with a price objective of $40. While the analyst remains constructive on progress, mainly its chiplet-based architecture and roadmap execution, he believes that the recent volatility throughout emerging tech and AI sectors impacted near-term investor enthusiasm for shares in the quantum industry.
Notably, Rigetti Computing, Inc. (NASDAQ:RGTI)’s stock witnessed a fall of over ~42% over the past month. However, the long-term investment case remains intact, thanks to the ongoing technical milestones, expanding strategic partnerships, and sustained public and private financing, added Williams. Rigetti Computing, Inc. (NASDAQ:RGTI) provided a 2026-2027 technology roadmap update, and it expects to deploy a 150+ qubit system by or around 2026 end with an expected 99.7% median two-qubit gate fidelity, and a 1,000+ qubit system by or around 2027 end with an expected 99.8% median two-qubit gate fidelity.
On the technology front, Rigetti Computing, Inc. (NASDAQ:RGTI) remains on track to deliver its 100+ qubit chiplet-based quantum system with an expected 99.5% median two-qubit gate fidelity by 2025 end.
7. D-Wave Quantum Inc. (NYSE:QBTS)
Number of Hedge Fund Holders: 24
Average Upside Potential: ~64.4%
D-Wave Quantum Inc. (NYSE:QBTS) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 10, Benchmark analyst David Williams lifted the price target on the company’s stock to $35 from $20, while keeping a “Buy” rating. As per the firm, D-Wave Quantum Inc. (NYSE:QBTS)’s Q3 2025 saw healthy progress with continued momentum for broader commercialization and sustainable profitability. Notably, the company saw bookings to the tune of $2.4 million, reflecting a rise of ~$100,000 or 3% YoY, and a rise of 80% compared to Q2 2025.
Also, after the close of the quarter, the company signed a EUR 10 million agreement to place a D-Wave Advantage2 system in Europe. In Q3 2025, D-Wave Quantum Inc. (NYSE:QBTS)’s revenue rose by $1.9 million, or 100% YoY, to $3.7 million, with the rise mainly aided by revenue from a system upgrade project of $1.8 million and higher professional service revenue of $0.2 million. This was partially mitigated by a reduction in QCaaS revenue of $0.2 million.
D-Wave Quantum Inc. (NYSE:QBTS)’s adjusted EBITDA loss for Q3 2025 amounted to $20.6 million, reflecting a rise of $6.8 million, or 49% YoY. This increase was mainly because of increased operating expenses, partly mitigated by higher gross profit.
6. FormFactor, Inc. (NASDAQ:FORM)
Number of Hedge Fund Holders: 29
Average Upside Potential: ~15.1%
FormFactor, Inc. (NASDAQ:FORM) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 18, Cantor Fitzgerald analyst Matthew Prisco initiated coverage of the company’s stock with an “Overweight” rating and a price objective of $75, as reported by The Fly. As per the analyst, the rally in the company’s stock price was driven by healthy HBM exposure, improvement in the gross margins, and elevated demand trends for advanced probe cards required for increasingly complex AI chips.
FormFactor, Inc. (NASDAQ:FORM)’s stock has witnessed an increase of over 70% since September 2. In Q3 2025, the company’s gross margin came in at 39.8% as compared to 37.3% in Q2 2025, with revenues coming at $202.7 million, up by 3.5% compared to Q2 2025. DRAM probe cards witnessed double-digit sequential growth, primarily due to growth in HBM.
FormFactor, Inc. (NASDAQ:FORM) has been executing a program of rapid and immediate gross margin improvement actions. These actions have already produced the 250 bps rise from Q2 2025. The company expects this to continue in Q4 2025 and throughout next year.
On a YoY basis in Q3 2025, the company’s revenue declined by 2.5%, with revenues from Probe Cards falling 3.4%. FormFactor, Inc. (NASDAQ:FORM)’s GAAP net income for Q3 2025 amounted to $15.7 million compared to GAAP net income of $9.1 million in the previous quarter, with GAAP operating expenses coming at $62.6 million, effectively flat as a percent of revenue compared to the previous quarter.
For Q4 2025, on a non-GAAP basis, the company expects revenues of $210 million (+/- $5 million) and gross margin of 42% (+/- 150 bps).
5. IonQ, Inc. (NYSE:IONQ)
Number of Hedge Fund Holders: 30
Average Upside Potential: ~56.1%
IonQ, Inc. (NYSE:IONQ) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 7, Cantor Fitzgerald lifted the price target on the company’s stock to $70 from $60 while keeping an “Overweight” rating after the Q3 2025 earnings report, as reported by The Fly. As per the firm, IonQ, Inc. (NYSE:IONQ) is in the very early innings of commercializing its technology.
Furthermore, the company remains well-placed to capture 30% of the quantum hardware, software, and services market by 2035, added the firm. This equates to $954 million in present value terms.
In Q3 2025, IonQ, Inc. (NYSE:IONQ)’s revenue rose by $27.5 million, or 222% YoY, to $39.9 million, with the increase mainly aided by progress on arrangements to build specialized quantum computing hardware and higher revenue stemming from acquisitions.
Its loss from operations rose from $53.1 million in Q3 2024 to $168.8 million in Q3 2025, amidst increased cost of revenue (excluding depreciation and amortization), general and administrative expenses, R&D costs, etc.
As of September 30, 2025, ~$141.1 million of revenue is anticipated to be recognized from remaining performance obligations, which are unsatisfied (or partially unsatisfied), including both funded and unfunded orders. For FY 2025, IonQ, Inc. (NYSE:IONQ) raised its revenue expectations to $106 million – $110 million.
4. Honeywell International Inc. (NASDAQ:HON)
Number of Hedge Fund Holders: 67
Average Upside Potential: ~25.6%
Honeywell International Inc. (NASDAQ:HON) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 10, TD Cowen reduced the price target on the company’s stock to $240 from $250 while keeping a “Buy” rating, as reported by The Fly. The firm updated its model after the Q3 2025 results. In Q3 2025, Honeywell International Inc. (NASDAQ:HON)’s net sales came in at $10.4 billion as compared to $9.7 billion during the same period of the previous year.
The net sales increased because of higher pricing and price adjustments to offset inflation, elevated sales volumes, and the favorable impact of foreign currency translation. Honeywell International Inc. (NASDAQ:HON)’s EPS came in at $2.86 in Q3 2025 compared to $2.16 in Q3 2024. The increase was because of the gain recognized on the Resideo termination agreement and lower impairment charges on assets held for sale. However, the impact was partially offset by increased divestiture-related costs and adjustment to estimated future environmental liabilities.
Honeywell International Inc. (NASDAQ:HON)’s new record backlog came in at $39.1 billion, reflecting a rise of 11% excluding the impact of acquisitions. Increased orders throughout its business segments fueled its total backlog to another record high, reinforcing the benefit of the new, innovative solutions. Honeywell International Inc. (NASDAQ:HON) announced that Quantinuum raised more than $600 million at $10 billion pre-money valuation. This fundraising was to advance quantum computing at scale.
3. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 235
Average Upside Potential: ~23.2%
NVIDIA Corporation (NASDAQ:NVDA) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 20, analyst Mark Lipacis at Evercore ISI lifted the price objective on the company’s stock from $261 to $352, while maintaining a “Buy” rating. As per the analyst, NVIDIA Corporation (NASDAQ:NVDA) has been building inventory to support larger orders, and its inventory increased 32% QoQ, with supply commitments rising 63%.
Furthermore, this setup is expected to help the company hit, or even surpass, its $500 billion goal for data center compute orders throughout 2025 and 2026. Currently, NVIDIA Corporation (NASDAQ:NVDA) has visibility to the half a trillion dollars in Blackwell and Rubin revenue from the beginning of this year through the end of CY 2026.
By executing its annual product cadence and extending the performance leadership through full-stack design, NVIDIA Corporation (NASDAQ:NVDA) expects to be the superior choice for $3 trillion – $4 trillion in annual AI infrastructure build it projects by the decade’s end. NVIDIA Corporation (NASDAQ:NVDA) announced that the Compute demand continues to accelerate and compound throughout training and inference, each growing exponentially.
In Q3 2026, revenue from Compute grew 56% YoY to $43.02 billion, mainly because of the GB 300 ramp, while networking more than doubled, considering the onset of NVLink scale-up and strong double-digit growth throughout Spectrum X Ethernet and Quantum X InfiniBand. Notably, revenue from Networking amounted to $8.18 billion.
2. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 294
Average Upside Potential: ~33.5%
Microsoft Corporation (NASDAQ:MSFT) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 14, Baird began coverage of the company’s stock with an “Outperform” rating and a price objective of $600. As per the firm, Microsoft Corporation (NASDAQ:MSFT) continues to lead the AI revolution with infrastructure and applications, thanks to its partnership with OpenAI. This offers an end-to-end AI platform for enterprises and consumers.
In a different development, OpenAI announced that Microsoft Corporation (NASDAQ:MSFT) supports the OpenAI board moving forward with the formation of a PBC (public benefit corporation) and recapitalization. After the recapitalization, Microsoft holds an investment in OpenAI Group PBC of ~$135 billion, making up ~27% on an as-converted diluted basis. Furthermore, OpenAI has contracted to purchase an incremental $250 billion of Azure services.
Microsoft Corporation (NASDAQ:MSFT) announced that it plans to increase its total AI capacity by more than 80% this year, and approximately double its total data center footprint over the upcoming 2 years, showcasing the demand signals.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 335
Average Upside Potential: ~28.1%
Amazon.com, Inc. (NASDAQ:AMZN) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 21, it was announced that United Launch Alliance (ULA) is now targeting December 15 for the Leo Atlas 4 (LA-04) mission. Named LA-04 for Amazon’s fourth launch on an Atlas V rocket, the mission would be sending another 27 satellites to low Earth orbit. This will result in bringing the total number of Amazon Leo spacecraft launched to date to 180 satellites.
To provide a brief background, Amazon Leo, formerly Project Kuiper, is Amazon.com, Inc. (NASDAQ:AMZN)’s low Earth orbit satellite network, focusing on delivering fast, reliable internet to customers and communities beyond the reach of current networks. In a separate development, Morningstar highlighted that the company’s stock remains fairly valued as compared to its long-term fair value estimate of $260, implying a 2025 EV/Sales multiple of 4 times and a 2% FCF yield.
Furthermore, the firm believes that AWS showcased strong performance in Q3 2025, with growth accelerating to 20% YoY. Amazon.com, Inc. (NASDAQ:AMZN)’s CEO Andy Jassy opines that this pace can continue for a while, noted Morningstar. This segment’s sales rose 20% YoY to $33.0 billion. The company continues to see robust demand in AI and core infrastructure, and it has been focused on accelerating capacity.
While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.
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