Quantum Wealth
While everyone is snapping up energy companies to feed the AI beast, don’t forget about adjacent technologies to invest in, like Quantum computing.
For most savvy investors in 2024, the move has been to tuck a Magnificent Seven stock under your arm while coiling up to violently shoot into triple-digit gains like the human cannonball daredevils of yesteryear.
Who can argue with the glorious runs of Nvidia and its silicon-heavy brethren this year? However, as we head into Q3 earnings this week, it might be time to consider some alternative investing themes if the AI rally shows any signs of slowing down.
Here at Risk Reward Stocks, we’ve been eyeing the Quantum computing space over the last year, and several of the stocks on our watch list (and in our portfolios) have started to pop this month. Before we get into some specific examples, let’s back up for a second for a quick primer on Quantum technology.
The gist is that Quantum computing is a super-smart computer that uses special rules from science to work. Imagine your regular computer as a light switch that can be either off (0) or on (1). Quantum computers use “qubits,” which are like magic switches that can be both off and on at the same time! This lets them solve challenging problems much faster than normal computers.
Companies like IBM and Google have been building out Quantum technology-based solutions that genuinely harness all the benefits of artificial intelligence and machine learning in a much different scenario than the current chatbot army at our disposal.
Now for the stuff, you came here for…
One of the easiest ways to get your feet wet in this space is to snap up a few shares of the Defiance Quantum ETF (QTUM). Over the last year, this ETF is up 45% and is closing in on a 52-week high of $66.85. We like this ETF as it gives you exposure to innovators like Ionq Inc (IONQ) up 85% over the past month, balanced with the old guard giants like IBM. You also get the bonus of exposure to companies like Microstrategy (MSTR) and their massive Bitcoin arsenal, which is up 277% year-to-date.
Disclaimer: all content on Risk Reward Stocks is for informational/entertainment purposes only. I am not a financial advisor. Please consult with your own financial experts for legal, tax, investment, financial or other advice.