Discussions around quantum computing have surged since Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Google teased its next-generation chip, “Willow," sparking interest in equities tied to the technology.

Quantum computing represents massive opportunities if the company involved can be the first to market with a feasible device. Alphabet ( GOOG -0.24%) ( GOOGL 0.06%) seems to be on that track, as a chip produced by its Google subsidiary just posted an unbelievable score on a benchmark test.

Quantum computing can optimize portfolios, analyze market trends, and enhance risk modeling. Its superior computational power improves decision-making speed, enabling financial institutions to stay ahead in dynamic markets.

Breakthroughs in quantum computing have shares of Alphabet and IonQ soaring as of late. One pocket of the artificial intelligence (AI) realm that is fetching a fair amount of attention right now is quantum computing. While there are many companies exploring quantum computing, only a finite number have made any measurable progress.

Bitcoin faces potential encryption threats from quantum computing advancements, possibly as early as 2028. Read why I rate BTC-USD a Hold.

Quantum computing stocks have emerged as one of 2024's hottest investment themes, with the Defiance Quantum ETF (NASDAQ: QTUM) soaring 49.4% year to date, nearly doubling the S&P 500's robust 24.3% gain.

Quantum-Si has badly missed its initial SPAC projections and is struggling to gain commercial momentum. Read why QSI stock is a Sell.