Is Quantum Computing a Millionaire-Maker Stock?
With shares up 2,500% over the last 12 months, Quantum Computing (NASDAQ: QUBT) is sure to attract the attention of growth-focused investors. The stock is surging based on industrywide optimism. But is this rally driven by fundamentals or hype? Let's dig deeper into the pros and cons of Quantum Computing, also known as QCi, to decide if the shares are a solid long-term buy.
Quantum computing is a branch of computer science and physics that aims to create devices capable of solving the world's most difficult problems exponentially faster than today's fastest supercomputers. And we aren't talking 30 minutes faster; we are talking over a million years faster. If the technology works, it will allow humans to do things that were previously impossible with current technology.
It doesn't take a supercomputer to see the vast commercial opportunities that viable quantum computers could unlock. Analysts expect them to help rapidly discover new pharmaceutical drug candidates and chemical structures, and even help train artificial intelligence (AI) models.
Source Fool.com
