12 Best Quantum Computing Stocks to Invest in Now

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 234

Alphabet Inc. (NASDAQ:GOOGL) is considered a quantum computing company primarily through its research arm, Google Quantum AI. The company is at the forefront of quantum computing development, aiming to build practical, scalable quantum computers. In 2019, the company claimed to achieve “quantum supremacy”, where its 53-qubit quantum processor, “Sycamore” completed a task in 200 seconds that would take the fastest classical supercomputers thousands of years. It continues to invest heavily in quantum hardware, software, and algorithms, with the long-term goal of solving real-world problems in materials science, cryptography, and machine learning.

Alphabet Inc. (NASDAQ:GOOGL) recently introduced the Willow chip, a 105-qubit superconducting quantum processor. This processor achieved a Random Circuit Sampling task in approximately five minutes—a computation that would take classical supercomputers about 10^25 years. A significant advancement is its ability to perform “below threshold” quantum error correction, enhancing reliability as more qubits are added. Meanwhile, Hartmut Neven, head of Google Quantum AI, has stated that the company anticipates commercial quantum computing applications within five years. These applications are expected to impact fields such as materials science, pharmaceuticals, and energy. This optimistic outlook contrasts with NVDIA CEO Jensen Huang’s prediction of a 15–30 year timeline for practical quantum computing. In February 2025, Google Quantum AI announced a partnership with the University of Chicago and the University of Tokyo, committing up to $100 million over ten years. The initiative focuses on advancing fault-tolerant quantum computing through research, entrepreneurship, and workforce training. Google’s advancements in quantum computing position it as a leader in the field, alongside competitors like IBM, Microsoft, and Amazon. While the industry remains in early stages, these developments suggest a growing momentum toward practical quantum applications in the coming years.