Want to Buy a Quantum Computing Stock in 2025? You Might Consider This Quantum Computing ETF.
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Pure-play quantum computing stocks skyrocketed in December, driven by the announcement from Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google unit of a big breakthroughs in the field on Dec. 9. Its accomplishments would seem to have moved the nascent field of quantum computing closer to its promise of being able to solve problems that even the most powerful classical computers cannot.Most tech experts project huge growth potential in quantum computing over the long term. The global quantum computing market for hardware and software is estimated to reach $90 billion to $170 billion by 2040, according to the Boston Consulting Group (BCG). This market was worth about $770 million to $900 million in 2023, per several sources. So, BCG's estimate equates to a compound annual growth rate (CAGR) of about 31% to 37% through 2040.Here's a brief description of how quantum computers work, compliments of IBM (NYSE: IBM), widely considered the leader in the field. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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