Approximately 200 companies are focused on quantum computing Software according to The Quantum Insider, while just over 20 companies are working on quantum computer Processors and Chips. This article examines 10 of the latter in munKNEE’s Quantum Computing Hardware Developers Index. The 10 constituents trade on American stock exchanges, are heavily involved in the research and development of qubits, and are presented in descending order as to their performances in November along with any notable news.
- is the leading provider of QC systems and software with a focus on quantum annealing technology.
- Market Capitalization: $137 Million
- End of November price: $0.82
- Read: D-Wave Quantum Announces Third-Quarter Financial Highlights
- is investing heavily in QC research and development making significant headway in developing its QC hardware, software, and algorithms. Its chip is based on what it knows best – silicon chip technology – using some of the same techniques it uses to make classical computing chips but silicon is something of an underdog in the QC realm right now. QC is not central to Intel’s plan to regain dominance in the semiconductor industry but it could become an important segment for the integrated chip design in the years to come if research yields positive results.
- End of November price: $44.70
- Read: 3 Reasons to Buy Intel Stock, and 1 Reason to Sell
- focuses on CPUs and GPUs and is a major player in the embedded chip market. It has launched its MI300X AI chip, the most powerful AI chip in history with the power of 2.4 times that of Nvidia’s top devices in just one chip as well as 1.6 times the memory bandwidth, which will eliminate the need for half the chips AI companies desperately need.
- End of November price: $121.16
- Read: AMD’s New AI Accelerators: A License To Print Money?
- develops QC hardware and is the first to have its computing systems available via all the major public cloud services. It generates little in the way of revenue right now and is not yet profitable and will need to continue spending heavily to develop its products and business for at least a few more years. It plans to build a network of quantum computers accessible via the cloud and is targeting rapid growth in 2023 as researchers begin using its hardware at greater scale.
- End of November price: $12.23
- Read: Could IonQ Become The Next Nvidia? Perhaps, Here’s Why
- began sampling its own HBM3 chips in July which are a 50% improvement in bandwidth over currently available solutions with mass production expected to begin early in calendar 2024, and meaningful revenue from this product in fiscal 2024.
- End of November price: $76.12
- Read: Insiders At Micron Technology Sold US$17m In Stock, Alluding To Potential Weakness
- has spun off its quantum computer unit into a separate business and merged it with start-up Cambridge Quantum Computing into an entity called Quantinuum in which Honeywell has a 54% ownership stake. It also supplies Quantinuum with hardware and software as it develops its QC technology.
- End of November price: $195.92
- Read: Honeywell Attracting Investor Attention: Here is What You Should Know
- is involved in the development of both QC hardware and software introducing its first superconducting quantum computer with a 10-qubit processor and a 36-qubit quantum chip in August, 2022. Additionally, Baidu has pioneered the development of a comprehensive quantum hardware-software integration solution, enabling access to a wide range of quantum chips through various platforms such as cloud services, mobile applications, and personal computers.
- End of November price: $118.66
- Read: Baidu Is a Trending Stock: Facts to Know Before Betting on It
- has its own QC chips and systems, which are available for commercial use via its Quantum business unit and, in partnership with UC Berkeley, has presented evidence that noisy quantum computers such as its 127 qubits processor will be able to provide value sooner than expected, all thanks to advances in IBM Quantum hardware and the development of new error mitigation methods.
- End of November price: $158.56
- Read: IBM highlights the actual promise of AI (not ChatGPT)
- specializes in superconducting qubit technology and has developed a suite of software tools and algorithms for programming and simulating quantum computations.
- Market Capitalization: $155 Million
- End of November price: $1.06
- Read: Rigetti Computing Released Earnings Last Week And Analysts Lifted Their Price Target To US$3.50
- Reuters reported at the end of November that Alibaba is shuttering its quantum computing research lab entirely and, as such, will be removed from the
- End of November price: $74.88
- Read: Why Alibaba Stock Dropped Again Today
On average, the above 10 QC stocks were up 11.9% in November and are now up 14.6% YTD.There are an additional 4 mega-cap companies very active in QC research and development and they are included in our “The Magnificent Seven” AI-themed Mega-Cap Stocks Index, namely: Microsoft (MSFT), Nvidia Corporation (NVDA), Alphabet Inc. (GOOGL), and Amazon.com Inc. (AMZN). They were, on average, up 5.2% in November and are now up 108.1%, on average, YTD.If you are interested in investing in this sector as a whole, consider the iShares Semiconductor ETF (SOXX) which consists of 35 semiconductor stocks (including the 10 stocks in our Quantum Computing Hardware Developers Index and the 4 stocks from our “Magnificent Seven”). It was up 15.6% in November and is up 52.2% YTD.More By This Author:November Recap: Psychedelic Drug Stocks Index Driven 30% Higher By Incannex
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