It’s been more than two decades since quantum computing was first developed, but Wall Street has started to warm up to the technology’s long-term prospects. Several pure-play stocks went public in 2021 when investor sentiment was sky-high.
Quantum computing technology harnesses the power of quantum mechanics, utilizing effects like superposition — the phenomenon that occurs at the subatomic scale in which objects have no clearly defined state. It’s exciting because this field of research promises to accelerate computing speed by an order of magnitude greater than what’s possible today.
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However, while quantum computing has made great strides in just a few years, the technology is still mostly in the research and development stage. Quantum computers are continually improving and becoming more affordable to develop, and the advent of cloud computing is making quantum technology even more accessible…
