UBS Identifies Key Quantum Computing Stocks with Extraordinary Potential by 2030s
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 9h ago
0mins
Source: Benzinga
- Industry Potential Assessment: UBS analyst Madeleine Jenkins highlights that the quantum computing market remains fragmented and immature, yet it holds significant potential in areas like molecular simulation, optimization, AI, and cryptography, with the quantum advantage era expected to arrive in the 2030s.
- Technological Breakthroughs and Competition: Despite a slow pace, recent “meaningful breakthroughs” in the quantum space have been noted, with UBS indicating that superconducting and trapped-ion qubits are leading the technology, narrowing the competitive field to a few companies capable of advancing the technology.
- Market Volatility Risks: UBS identifies Alphabet Inc.'s Google as the “pioneer” in quantum computing, while pure-play companies like IonQ, D-Wave Quantum, and Rigetti Computing exhibit greater market volatility, with stock price increases of 12.12%, 358.35%, and 83.26% over the past year, respectively.
- Sector Emergence and Outlook: Alphabet CEO Sundar Pichai likens the current state of quantum computing to AI five years ago, suggesting an imminent “very exciting phase,” while Quantum Computing Inc. has also seen stock price increases following positive analyst evaluations, indicating potential for smaller companies in the sector.
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 294.69 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.
47 Analyst Rating
46 Buy
1 Hold
0 Sell
Strong Buy
Current: 239.120
Low
250.00
Averages
294.69
High
340.00
Current: 239.120
Low
250.00
Averages
294.69
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.
