2 Quantum Computing Stocks to Watch in Today’s Stock Market

Quantum computing is an emerging technology that uses quantum machines to solve complex problems faster than traditional computers. It has the potential to revolutionize sectors such as cryptography, drug discovery, and monetization. Quantum computing stocks represent companies that develop this technology or its applications. These stocks are often part of the tech industry but form a niche, leading category.

Investing in quantum computing stocks can offer exciting opportunities for growth investors. The ability of technology to disrupt different industries makes it attractive for long-term marketing strategies. Some major technology companies are investing heavily in quantitative research, which provides stability along with new capabilities. However, quantum computing stocks also come with significant risks. Most companies in this sector are still in the research and development phase. Commercial applications of quantum computing are limited and may take years to achieve. Technology is complex, which makes it difficult for investors to see its progress and potential.

When considering the value of computing stocks, it is important to evaluate the company’s performance and relationships. Look at their funding sources and ability to continue long-term development projects. Think about how they can use their real quantum technologies. Note that this field is very competitive, with both startups and techies involved. Understand that regulatory changes may affect the development and deployment of quantum technologies. Keeping this on top, let’s look at two quantum computing stocks to watch on the stock market today.

Quantum Computing Stocks To Watch Today

• The opinion of the company Honeywell International Inc. (NASDAQ: HON)
• Opinions of the company FormFactor Inc. (NASDAQ: FORM)

Honeywell International (HON Stock)

to begin with, The opinion of the company Honeywell International Inc. (HON) is a multi-national conglomerate engaged in a wide range of technical and manufacturing activities. They manufacture a variety of products including aerospace systems, construction technologies, and work equipment. Honeywell has been investing heavily in computing through its company, Quantinuum, which was created from the merger of Honeywell Quantum Solutions and Cambridge Quantum Computing.

Earlier this month, Honeywell announced an expanded partnership with Qualcomm Technologies (NASDAQ: QCOM). The goal of this partnership is to develop new ways to use AI for the energy sector. They plan to integrate Qualcomm’s connectivity and AI capabilities into existing Honeywell systems, such as the Field Process Knowledge System. This is expected to improve remote communication and edge analysis in manufacturing environments. The companies have also developed new industrial sensors, including Honeywell’s audio technologies and Qualcomm’s AI processors.

So far this year, HON shares have gained 3.99% per year. Meanwhile, during Monday afternoon trading, Honeywell International stock is up 0.58%, currently trading at $217.24 a share.

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FormFactor (FORM Stock)

Others, Opinions of the company FormFactor Inc. (FORM) is a semiconductor test and measurement company. Designs, manufactures, and sells probe cards and detectors used in testing semiconductor devices. Although not a quantum computing company, FormFactor’s precision measurement tools are compatible with the development and testing of quantum computing components.

This month, FormFactor announced the release date of its financial results for the third quarter of 2024. The company plans to report its results on Wednesday, October 30, 2024, at 1:25 pm Pacific Time. FormFactor will host a webcast of the conference for the following discussion. To recap, last quarter the company earned $0.36 per share, with revenue of $197.47 million for Q2 2024.

Year-to-date, FormFactor’s stock is up 20.98% year-to-date. Meanwhile, during Monday’s afternoon trading session, FORM shares are up, up 1.16%, currently trading at $48.78 per share.

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