The Best Quantum Computing Stocks to Buy Right Now

Although the nology arena is still heavily involved in the artificial intelligence (AI) arms race, the quantum computing race is starting to heat up

Quantum computing could unlock the next phase of AI, as well as drive innovations in other fields, logistics

However, the industry is still a few years away from seeing quantum computing deployed on a wide scale, and investors need to be careful not to get involved too early

Still, I think there are a few quantum computing stocks that are worth buying today and could work out well for investors, regardless of how the next few years of quantum computing developments unfold

Image source: Getty Images

It specializes in graphics cessing units (GPUs), which are built to run using traditional computing niques

However, Nvidia sees the potential in quantum computing and wants to partner with as many quantum computing companies as possible to ensure its equipment is used in conjunction with quantum computers

One nology that sets Nvidia apart in the GPU world is its CUDA software, which allows developers to maximize the computing potential of GPUs

Nvidia has begun CUDA-Q software, which will integrate with various quantum cessing units being developed by other companies

This software integration will bridge the gap between traditional and quantum computing, ensuring that Nvidia, regardless of its success, will capture a slice of the quantum market

In the meantime, investors continue to reap the benefits of Nvidia's GPU sales, which are fueling the AI arms race

There's still a ton more computing capacity that needs to be built out, and Nvidia's stock will continue to capitalize on that for years to come

Alphabet Alphabet (GOOG -0. 47%) (GOOGL -0. 37%) kicked off the quantum computing investment hype in December when it announced its Willow quantum computing chip

Willow solved a blem in five minutes that would have taken the fastest supercomputer 10 septillion (10 to the 25th power) years to complete

This test was stacked in Willow's favor, as it involved a blem that leverages quantum computing's strengths, but it demonstrates that accurate quantum computing nology is feasible

Similar to Nvidia, Alphabet doesn't need its quantum computing investments to work out in order to be a successful investment

It has an incredibly successful base and is also top-notch AI tools that will allow Alphabet to excel in an AI-first world

Furthermore, Alphabet's stock is currently undervalued at 18 times forward earnings

GOOGL PE Ratio (Forward) data by YCharts While most quantum computing and AI stocks are quite expensive, Alphabet's stock offers solid value to investors

Alphabet is a heavyweight competitor in both the AI and quantum computing races, making it an excellent buy right now

This is an important consideration for investors, and position sizing needs to be appriate for a company that carries as much risk as IonQ

However, there are several positive signs with IonQ's stock

It holds several key quantum computing contracts, including one with the U

The company also boasts a leading two-qubit gate fidelity, a common measure of the accuracy of a quantum computing calculation

This stems from IonQ's all-to-all connectivity, which allows each qubit to interact with each other to duce the most accurate calculation possible

Furthermore, IonQ has developed a practical apach for quantum computing, as its trapped ion apach enables the computers to operate at room temperature

Most other solutions are focusing on the superconducting path, which requires cooling the particle to nearly absolute zero temperatures

Should IonQ's nology der solid results for spective clients, it can differentiate itself from the competition based solely on its operating costs

IonQ is still a long shot, but I think it's the best among the pure-play start-ups

Pairing IonQ with Alphabet and Nvidia in an investment portfolio is a solid apach, as it allows investors to balance the risk of an all-or-nothing investment IonQ with companies that have established, solid es, such as Nvidia and Alphabet

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors

Keithen Drury has positions in Alphabet and Nvidia

The Motley Fool has positions in and recommends Alphabet and Nvidia

The Motley Fool has a disclosure policy.