Related Symbol
avatar
@ShallowLoving 2 months ago

Quantum computing growth projections and ETF options

Quantum computing growth projections and ETF options

Quantum computing is becoming more affordable and demand is rising due to AI and cloud computing. McKinsey predicts revenue for the sector could grow from $4 billion in 2024 to $72 billion by 2035. Since the technology is still early, the article suggests ETFs might be safer than individual stock picking. The Defiance Quantum ETF (QTUM) is the largest with $3.2 billion in assets and a 0.40% expense ratio. It holds around 80 stocks, mostly in semiconductors and software. WisdomTree also launched a competing fund recently. For specific companies, IonQ is mentioned as a pure-play option, though it is currently losing money. Honeywell also has exposure through its majority ownership of Quantinuum.
post thumbnail
@BrianHoward 2 months ago

As predicted in the first decade of the century, Quantum Computing will become the norm in computing by 2030.