This ‘Strong Buy’-Rated Stock Could Be an Underrated Quantum Computing Bet

Following tech giants such as Amazon (AMZN) and Nvidia (NVDA), enterprise software major SAP (SAP) has also joined the voices making a case for quantum computing. Sounding bullish about the technology, SAP CEO Christian Klein recently stated “There is a door which is opening with quantum computing. We see this absolutely.” Klein further went on to say that "But time-wise, we can definitely believe that simulations you would run today in a week, you can probably bring down to an hour. Give this technology a few more years, probably we will talk hours or minutes at a certain point of time.”

Klein’s assertions are also finding traction in the market with the Defiance Quantum ETF (QTUM) surpassing the $1 billion in assets under management while quantum computing upstarts such as Quantum Computing (QUBT) and Rigetti Computing (RGTI) witness searing rallies of more than a 1,000% over the past year.