5 Best Quantum Computing Stocks To Buy

4. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 53

Honeywell International Inc. (NASDAQ:HON) is a Charlotte, North Carolina-based diversified industrials company with exposure in aerospace, automation, productivity, buildings, and chemicals.

The company manufactures and sells Honeywell System Model H1 quantum computing technology commercially. The computer is completely accessed from the cloud platform on a monthly service for eight and 16 hours of daily usage. Honeywell International Inc. (NASDAQ:HON) is the parent company of Quantinuum, the biggest integrated quantum computing entity globally. The company anticipates the size of the quantum computing industry to surpass $1 trillion in the coming years. Honeywell International Inc. (NASDAQ:HON) is working on overcoming processing errors as quantum computers have a high sensitivity to electromagnetic interference. Analysts think Honeywell International Inc.’s (NASDAQ:HON) strong growth prospects make it one of the best quantum computing stocks to buy. The stock also offers an annual forward dividend yield of 1.88% as of December 6.

Adage Capital Management raised its stake in Honeywell International Inc. (NASDAQ:HON) by 103% during Q3 2022.

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