S&P 500: Investors rush to buy 7 quantum computing stocks

Given how fast AI and anti-obesity drug stocks have caught up with the S&P 500, investors are wasting no time jumping into quantum computing plays.

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Seven stocks in the Defiance Quantum ETFQTY) – including On innovation (on), Micro strategy (MSTR) and Micron Technology (in) — all are up 6 percent or more this year, according to Investor Business Daily’s analysis of data from S&P Global Market Intelligence and Marketing Surge.

And that’s on top of some impressive achievements over the past 12 months. In the year Since January 2024, these same seven stocks have gained an average of 82.5%. That’s easily higher than the S&P 500 by about 20%. And that’s despite cautionary statements about quantum computing. Nivea (NVDA) This year, CEO Jensen Huang.

“Jenson Huang’s comments are not a deterrent to progress in the quantum computing landscape,” said Joe Tighe, portfolio manager at Rational Equity Arms Fund. “However, the focus may shift to more recent applications such as AI enhancement, drug discovery, materials science and financial modelling, where quantum computers demonstrate potential benefits.”

The biggest winners of quantum computing

The Defiance Quantum ETF holds more than 60 stocks. And each stock’s exposure to quantum computing varies.

This year’s top winner is Onto Innovation. Shares are up 21.7 percent this year. This gives the stock a rating of Rs 45. But the maker of semiconductor control systems is posting strong revenue growth. The company is seen making $6.65 a share this year, up nearly 30% from 2024.

Another big winning tech company is Microstrategy, which always seems to be caught up in every technological development. The dot-com-turned-bitcoin company is also in the Quantum Computing ETF. The stock is up more than 18 percent this year. And they are up over 420% in the last 12 months. In the year Although it is expected to lose money in 2024, the stock now has a perfect 99 RS level.

Some quantum plays are also a bit suspect. Shares of Micron Technology are up nearly 16 percent this year. Too bad most of the business is in old memory chips.

But in the market frenzy, investors have no time for such risk.

This year’s top quantum computing stocks

Based on the Defiance Quantum ETF.

Sources: IBD, S&P Global Market Intelligence