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Quantum computing is quickly emerging as the top new tech trend. Investors are following pure-play names such as D-Wave Quantum (QBTS), Rigetti Computing (RGTI) and Quantum Computing (QUBT), and also tracking established tech giants like Microsoft (MSFT) and Alphabet (GOOG) that have thrown their hats into the quantum computing ring.
However, mainstream awareness of the new tech coupled with heavy investment creates a greater risk of quantum-focused cyberattacks. Until now, cryptographic algorithms protected against cyberattacks, but industry veterans believe that with quantum computers that may not be the case anymore. Quantum computers could crack these algorithms in as little as five years… and potentially even quicker. This is where a case for investing in Cloudflare (NET) can be made.