Analysts Rate 2 Quantum Computing Stocks Strong Buy as Market Seen Reaching $17.89 Billion by 2034
Updated
Updated · Yahoo Finance · Oct 1
Analysts Rate 2 Quantum Computing Stocks Strong Buy as Market Seen Reaching $17.89 Billion by 2034
3 articles · Updated · Yahoo Finance · Oct 1
Summary
Two quantum computing stocks won 'Strong Buy' ratings from Wall Street analysts, with TipRanks highlighting solid upside from current levels as investor interest broadens.
Fortune Business Insights values the global quantum computing market at $1.82 billion this year, up from $1.39 billion last year, and projects it will reach $17.89 billion by 2034.
That forecast implies roughly 33% annual growth, driven by expectations that quantum systems will tackle hard computing problems in cryptography, drug discovery, finance, materials science and optimization.
IonQ was cited as one of the picks, with analysts pointing to its trapped-ion approach and its Maryland base near university research networks and U.S. government contracting hubs.
The bullish calls still come with a caveat: quantum computing remains early-stage and is not yet a substitute for the high-performance systems now used to train AI models.