At the CES 2025, Nvidia CEO Jensen Huang claimed useful Quantum Computing was at least 15 years away. This caused the stock prices of many quantum computing stocks to crash considerably. Considering Jensen Huang’s industry-leading position, the public’s reaction was natural. However, since then, multiple quantum computing firms have disapproved of those remarks, claiming they are building commercially useful quantum computers today!
For context, quantum computing stocks recently took off and enjoyed gains as high as 1000%. Google’s progress on the Willow chip in December also supported this optimism, a moment that could well define the start of the quantum computing era.
We compiled a list of quantum computing stocks challenging Jensen Huang’s stance. To come up with the list, we considered stocks with a market cap of at least $200 million.
5. IonQ (NYSE:IONQ)
IonQ is a quantum computer producer that utilizes ion-trapping technology for the computer’s operations. This tech uses electromagnetic fields to control the movements of charged particles. This makes it more suitable for commercial applications as the tech requires less cooling and more stable qubit manipulation.
IonQ stock is surging higher on the back of some announcements that the company has just made. It plans to expand its headquarters to add more office space, laboratories, and a data center. Over the next 5 years, the company plans to double its employees at the HQ to 250. The plans are dependent on approval from the local government, though Maryland Governor Moore’s words tell us the approval is likely:
With our wealth of talent, federal partners, and the world-class research universities here in Maryland, we have both the opportunity and the responsibility to seize this moment and become the world’s leading hub for quantum innovation.
IonQ stock was trading up over 19% when the market opened.
4. Quantum Computing (NASDAQ:QUBT)
Quantum Computing stock is trading up 33% just after market open. The stock is surging just like the rest of the sector. Quantum Computing Inc. works in quantum optics and nanophotonics technology. The optics deal with the analysis of the relationship between light and matter at a quantum level whereas the nanophotonic technology studies the interaction between the two at the nanoscale.
These technologies may not have been perfected yet, but their real-world uses are quite impressive. They can help with things like precision measurement and secure transfer of information. The company also collaborates with NASA to help with climate exchange monitoring and has a strong relationship with the US Department of Defense, which aims to use the company’s quantum technologies for defense purposes.
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