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Quantum computing represents one of the biggest potential addressable markets we've seen in some time, in a tech sector that has rewarded investors who have seen mega trends (and invested early) as they play out. Indeed, the ability to use these ultra-high-performance computers to solve some of the most complex problems out there is an intriguing proposition for investors looking for the next big thing.
One of the fast-moving players in this space, Hewlett Packard (HPE), is making big waves in the quantum computing world. Recent reports that the company (in addition to a group of seven other leading quantum computing companies, research firms, and tech giants) will be launching what they call the “Quantum Scaling Alliance” has this stock on the uptrend. HPE stock moved nearly 2% higher on Monday on the news. However, HPE stock has been struggling this morning and is down about 4% in early trading.
