3 Stocks Smart Quantum Computing Investors Are Buying

Quantum computing may not be at the top of every investor's mind right now due to the prominence of artificial intelligence (AI) investing. However, I think it's something investors should keep in mind. By 2030, there could be commercially viable quantum computing available, and that could shake up tech even more than AI has. If quantum computing is all that it has been hyped up to be, then maintaining some exposure to stocks in this field is just as important as AI investing. Fortunately, several stocks cross over into both categories, making investing in both trends at the same time easy. Three stocks that I'm bullish on in the quantum field are Alphabet (GOOG +0.21%) (GOOGL +0.65%), Nvidia (NVDA -1.01%), and IonQ (IONQ -3.61%). Two of these are also major AI players as well. By maintaining solid exposure to this trio, you'll be able to capture the upside of AI while also hedging your bets on a quantum computing future. Image source: Getty Images. 1. Alphabet Alphabet is a major player in computing, and as new computing technologies emerge, it wants to control its own destiny with in-house quantum computing. That will keep it from having to pay exorbitant prices for computing units, as it does now for Nvidia's graphics processing units (GPUs). As a result, Alphabet is plowing a ton of resources into its quantum computing division, and its Willow quantum computing chip has had some incredible breakthroughs. ExpandNASDAQ: GOOGLAlphabetToday's Change(0.65%) $2.05Current Price$319.74Key Data PointsMarket Cap$3.9TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Day's Range$317.32 - $324.1852wk Range$187.82 - $408.61Volume31.8MAvg Vol33.1MGross Margin60.94%Dividend Yield0.27% Alphabet ran one of its quantum algorithms on its Willow chip and demonstrated a verifiable advantage over traditional computing. This algorithm is similar to the one used to process MRIs and could have significant applications in drug discovery and materials design. Alphabet has also unearthed several other quantum algorithms, such as one that could break cryptocurrency encryptions. Alphabet is a major player in the quantum space and has major resources that few can compete against. As a result, it's an odds-on favorite to reach viable quantum computing before anyone else. 2. Nvidia Nvidia may seem like an odd pick here because it's explicitly not developing a quantum processing unit. Instead, it's focusing on its traditional accelerating methods, as it sees incredible demand right now from AI hyperscalers. However, it's not ignoring quantum computing either. What it's doing is launching a range of tools to help the quantum industry succeed on Nvidia hardware. Nvidia sees a future where quantum and traditional accelerated computing work side by side. Ensuring that its peers' quantum computing units plug into existing infrastructure is key. ExpandNASDAQ: NVDANvidiaToday's Change(-1.01%) $-2.10Current Price$206.66Key Data PointsMarket Cap$5.0TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Day's Range$204.81 - $211.9052wk Range$164.07 - $236.54Volume3.9MAvg Vol155.1MGross Margin74.15%Dividend Yield0.14% So, Nvidia has launched several key products, like its NVQLink, a generative AI model for improving error correction, and updated its CUDA software to include quantum operations. That's a solid strategy and will allow Nvidia to profit from the rise of quantum computing. 3. IonQ Last is IonQ (IONQ -3.61%), a pure play in the quantum computing space. It has no other business units funding the company. It's only funding sources are the money it can raise from potential clients and any systems it can sell at an early stage. This makes it an incredibly risky investment option, but it also means huge upside if this stock pans out. ExpandNYSE: IONQIonQToday's Change(-3.61%) $-1.23Current Price$32.84Key Data PointsMarket Cap$12BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Day's Range$32.56 - $34.3052wk Range$25.89 - $84.64Volume14.8MAvg Vol27.3MGross Margin-2879.52% IonQ is currently the world record holder for two-qubit gate fidelity, a common accuracy measure used by quantum computers to assess their products. With IonQ leading the way in the one area where quantum computing is lacking, it's a no-brainer horse to back in the race. Still, there's no guarantee that IonQ's solution will pan out, so investors should keep their exposure limited on IonQ's stock, while Nvidia and Alphabet will be just fine if quantum computing doesn't pan out. However, I think a decade from now, investors will look back and see this trio absolutely crushing the market from both quantum computing success and AI proliferation.