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Alphabet (GOOGL) created a market frenzy in December 2024 when it unveiled its Willow quantum computing chip. Willow demonstrated how a quantum computer could solve a complex mathematical problem in just minutes instead of septillions of years. Investors immediately began pouring into quantum computing startups like IonQ (IONQ) and Rigetti Computing (RGTI), driving their shares to record highs.
Although quantum computing is closer to being a commercial reality than ever before, there are limited opportunities to directly invest in it. Besides the most popular mega-cap tech stocks and a few popular startups, these five companies may be under-the-radar. Some are pure-plays on quantum, while others dabble in it. Let’s dive into the list.