Alphabet, Amazon, Microsoft Invest in Quantum Computing with Significant Opportunities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Fool
- Google Quantum Breakthrough: Google Quantum AI has completed two of six milestones since its 2012 launch, achieving quantum supremacy in 2019 and unveiling the first logical qubit prototype in 2023, which positions it as a leader in quantum computing and is expected to accelerate the commercialization of related technologies.
- Amazon Quantum Cloud Services: Amazon's quantum cloud computing service, Amazon Braket, supports researchers in developing quantum algorithms, which is likely to enhance its market share in quantum computing, while the newly announced Ocelet quantum chip could reduce quantum error correction costs by 90%, further solidifying its technological edge.
- Microsoft Quantum Architecture: Microsoft's Azure cloud platform has launched a
AMZN
$228.43+Infinity%1D
Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMZN is 294.71 USD with a low forecast of 250.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
43 Analyst Rating
40 Buy
3 Hold
0 Sell
Strong Buy
Current: 227.350
Low
250.00
Averages
294.71
High
340.00
Current: 227.350
Low
250.00
Averages
294.71
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
