The quantum computing revolution is changing technology as we know it. Quantum computers leverage the principles of quantum mechanics to perform calculations far beyond the capabilities of traditional computers.
This transformative technology has the potential to revolutionize diverse sectors, including medicine, materials science, and artificial intelligence (AI). Underscoring this point, a recent McKinsey & Co. research report projects that quantum computing could generate a whopping $1.3 trillion in economic value by 2035.
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Just as the internet boom created giants like Amazon and Google, quantum computing could give rise to a new generation of industry-leading companies, offering early investors the potential for extraordinary gains. Imagine a future with personalized medicines, revolutionary materials, and supercharged AI — all made possible by quantum computing.
Let’s take a closer look at two quantum computing stocks that could represent once-in-a-lifetime opportunities for early shareholders.
Trapped-ion quantum computing leader
IonQ (IONQ -6.40%) is emerging as a potential leader in the commercialization of quantum computing through its trapped-ion technology approach. Unlike traditional superconducting quantum competitors, IonQ’s architecture operates at room temperature and demonstrates strong qubit connectivity, with the company’s Forte system delivering 36 algorithmic qubits at 99.9% fidelity — marking significant performance advantages that could translate into a formidable competitive moat as the technology matures.
While some quantum computing companies focus on the number of physical qubits, IonQ uses “algorithmic qubits” to represent the computational power available after accounting for error correction and other factors that affect algorithm performance. This metric aims to provide a more practical measure of a quantum computer’s ability to solve real-world problems.
Beyond the core technology, IonQ’s execution has been notable. The company has consistently beaten aggressive roadmap timelines, secured a major $54.5M Air Force Research Lab contract, and established partnerships with heavyweights like pharmaceutical giant AstraZeneca and engineering simulation software leader Ansys.
While quantum computing stocks are notoriously speculative, IonQ’s manufacturing facility opening and modular multicore architecture as a potential path to scaling suggest the company has a credible shot at capturing a meaningful share of the vast and potentially unparalleled quantum computing market.
Superconducting quantum pioneer
Rigetti Computing (RGTI -12.54%) takes a distinctive approach to quantum computing, focusing on superconducting technology and vertical integration. Unlike room-temperature trapped-ion systems, Rigetti’s architecture leverages established semiconductor manufacturing processes at the company’s dedicated Fab-1 quantum foundry, potentially offering advantages in scaling and gate speeds in the years ahead.
While qubit count is one progress metric, Rigetti emphasizes gate fidelity as a key performance metric. The company’s latest Ankaa-3 system achieves 99% median iSWAP gate fidelity and 99.5% median fidelity for fSim gates — critical benchmarks that reflect the system’s ability to perform reliable quantum operations with minimal errors, which is necessary for practical applications.
Beyond the technical foundations, Rigetti’s execution showcases strategic positioning. The company has secured its role as the quantum hardware provider for the U.K.’s National Quantum Computing Centre, established partnerships with financial leaders like HSBC and Standard Chartered Bank, and maintains strong ties with the Air Force Research Lab and Fermilab’s SQMS Center.
While quantum computing remains an emerging field with significant technological hurdles, including maintaining qubit coherence, Rigetti’s full-stack approach and innovative multichip architecture, combined with flexible deployment options through major cloud platforms and the QCS Direct cloud service, suggest the company is well positioned to compete in the evolving quantum computing landscape.
A quantum computing revolution
As quantum computing advances from research labs toward commercial reality, IonQ and Rigetti demonstrate the potential technological paths that could make quantum computing a once-in-a-lifetime investment opportunity. Each company combines innovative architectures with strategic partnerships and clear commercialization strategies that could provide paths to capturing market share.
While the technology remains highly speculative and faces significant technical hurdles, companies that successfully scale their systems while maintaining high performance could deliver unprecedented returns. As these potential quantum leaders emerge, investors must monitor technical progress, partnership momentum, and execution against stated roadmaps.
HSBC Holdings is an advertising partner of Motley Fool Money. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. George Budwell has positions in HSBC Holdings and IonQ. The Motley Fool has positions in and recommends Alphabet and Amazon. The Motley Fool recommends Ansys, AstraZeneca Plc, and HSBC Holdings. The Motley Fool has a disclosure policy.