By IQT News posted 15 Oct 2021

(Finance.Yahoo) IQT-NEWS summarizes here a list of the 11 quantum computing stocks traded on the NYSE or NASDAQ that are recommended by Sheryar Siddiq with Insider Monkey. Siddiq took into account hedge fund sentiments, analysts’ ratings, long-term growth potential, and fundamentals while choosing these stocks. Siddiq explains his group believe hedge fund sentiment is an extremely useful indicator. Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017.

UPDATE: IQT NEWS ADDS “STOCKS ZONE” DAILY STOCK TICKER TO HOME PAGE

NOTE: IQT-News is summarizing the Insider Monkey list for readers’ information and making no recommendations.

11. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders: 41
The company’s flagship integrated superconducting quantum computer, Quantum System One, is the first circuit-based commercial quantum computer. Operating more than 20 quantum systems, International Business Machines Corporation (NYSE:IBM) boasts the world’s largest fleet of quantum computers.

10. Accenture Plc (NYSE:ACN)
Number of Hedge Fund Holders: 52
Accenture Plc (NYSE:ACN) is a multinational company that specializes in IT services and consulting. The Dublin-based company has a market capitalization of $216.72 billion, and ranks tenth on our list of the 11 best quantum computing stocks to invest in.
On September 14, Accenture Plc (NYSE:ACN) announced its collaboration with IonQ, a quantum computing hardware and software company, to accelerate quantum computing business experimentation in organizations throughout the globe and across multiple industries.

9. Honeywell International Inc. (NASDAQ:HON)
Number of Hedge Fund Holders: 57
Honeywell International Inc. (NASDAQ:HON) is a multinational diversified technology conglomerate operating in business sectors that include aerospace and performance materials, among others. Ranked ninth on our list of the 11 best quantum computing stocks to invest in, Honeywell International Inc. (NASDAQ:HON) has a market capitalization of $150.30 billion.
Honeywell International Inc. (NASDAQ:HON), through its Honeywell Quantum Solutions segment, posted record breaking performance this year in July, with its 10-qubit System Model H1 achieving a quantum volume of 1024, the highest measured to date.

8. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 63
Headquartered in California, Advanced Micro Devices, Inc. (NASDAQ:AMD) is multinational company involved in the manufacture of semiconductors and other components for consumer electronics. The company ranks eighth on our list of the 11 best quantum computing stocks to invest in.
Recently, Advanced Micro Devices, Inc. (NASDAQ:AMD) laid down a patent that involves more efficient quantum computing architecture. Based on a multi-SIMD (Single Instruction Multiple Data) approach, the company aims to make use of quantum teleportation to increase a quantum system’s reliability, while reducing the number of qubits required to make accurate calculations.

7. Intel Corporation (NASDAQ:INTC)
Number of Hedge Fund Holders: 78
Intel Corporation (NASDAQ:INTC) is a California-based firm that markets technologies for smart devices and is among the worlds largest semiconductor manufacturers. Ranked seventh on our list of the 11 best quantum computing stocks to invest in, Intel Corporation (NASDAQ:INTC) has a market capitalization of $218.31 billion.
Intel Corporation (NASDAQ:INTC)’s collaboration with the Netherlands-based QuTech is focused on the design and manufacture of the Horse Ridge cryogenic control chip, with successful experimentation achieving the same results as room-temperature electronics while manipulating multiple silicon qubits.

6. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 86
NVIDIA Corporation (NASDAQ:NVDA) is a multinational technology company that designs graphics processing units alongside chip units and semiconductors for gaming and professional purposes. The California-based tech company is ranked sixth on our list of the 11 best quantum computing stocks to invest in.
At the GTC 2021, NVIDIA Corporation (NASDAQ:NVDA) revealed its cuQuantum software development kit that provides aid to researchers in accelerating quantum circuit simulators, which will result in better quantum computer designs and systems.

5. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders: 87
Micron Technology, Inc. (NASDAQ:MU) is a technology company based in Idaho that engages in the provision of innovative memory and storage solutions. The company is one of the leaders in chip design and manufacture, providing essential components and technology for quantum computers.  Ranked fifth on our list of the 11 best quantum computing stocks to invest in, Micron Technology, Inc. (NASDAQ:MU) has a market capitalization of $78.94 billion.

4. Alibaba Group Holding Company (NYSE:BABA)Number of Hedge Fund Holders: 146
Alibaba Group Holding Limited (NYSE:BABA) is a multinational technology company that specializes in e-commerce, retail and cloud computing. The China-based tech and retail giant ranks fourth on our list of the 11 best quantum computing stocks to invest in.
The company is one of the Chinese leaders in the race for quantum computing supremacy,  engaged in “full stack” quantum businesses, offering access to quantum computing through the cloud alongside designing their own suite of algorithms, quantum computing hardware, software, and consulting services.

3. Alphabet Inc. (NASDAQ:GOOG)
Number of Hedge Fund Holders: 155
Alphabet Inc. (NASDAQ:GOOG) is a multinational conglomerate that operates as a diversified technology company. Headquartered in California, the company owns and manages a vast number of internet-based platforms. Ranked third on the list of the 11 best quantum computing stocks to invest in, Alphabet Inc. (NASDAQ:GOOG) has a market capitalization of $1.86 trillion.

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