5 Best Quantum Computing Stocks To Buy Now

4. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 71

Intel Corporation (NASDAQ:INTC) is a global company that specializes in the design, development, manufacturing, and sale of computing and related products. The company has introduced Tunnel Falls, its most advanced silicon spin qubit chip, which represents a major move towards creating a commercial quantum computing system. Intel Corporation (NASDAQ:INTC) is also providing this chip to the quantum research community to encourage progress and innovation in the field. It is one of the premier quantum computing stocks to monitor. 

On October 16, Citi analysts highlighted Intel Corporation (NASDAQ:INTC) as one of the hot topics among investors, especially with optimism surrounding Intel’s shift toward focusing on its foundry ambitions. They expressed doubts about Intel Corporation (NASDAQ:INTC)’s success in the foundry market, competing with companies like Taiwan Semiconductor and GlobalFoundries. Nevertheless, if the company manages to regain its manufacturing leadership, it could boost Citi’s confidence in the stock.

According to Insider Monkey’s second quarter database, Intel Corporation (NASDAQ:INTC) was part of 71 hedge fund portfolios, compared to 68 in the prior quarter. 

ClearBridge Large Cap Value Strategy made the following comment about Intel Corporation (NASDAQ:INTC) in its Q3 2023 investor letter:

“We also added to our position in Intel Corporation (NASDAQ:INTC) to take advantage of signs that it continues to make progress on its goal of regaining technology leadership. Intel appears to be executing its technology/product roadmap; the company is on track to ramp up PC and server products over the next 12 months on advanced manufacturing nodes that we believe will be more competitive with chief rival Advanced Micro Devices. We also see green shoots in the PC and server markets, with an increasing possibility of a cyclical recovery in both end markets in 2024.”