Aside from artificial intelligence (AI), quantum computing has been one of the most talked-about technologies in recent years. On a simple, broad level, quantum computing is a new form of computing that can solve complex problems far more quickly and efficiently than a standard computer.
Although the technology is far from what many hope and expect it to become, quantum computing stocks have surged in valuation (though they remain extremely volatile). However, they're far from created equal.
If you're looking for a company poised to be a leader in the space for the next decade, look no further than Alphabet (NASDAQ: GOOG) (GOOGL +4.79%).
Image source: Alphabet.
A lot of people don't automatically think of Alphabet when they think of quantum computing because it's not a pure-play quantum computing company. However, it's responsible for key breakthroughs that other companies can and have expanded on to further the technology.
A good example is a quantum chip called Willow that significantly reduces errors, as well as Quantum Echoes, which it touts as a "big step toward real-world applications for quantum computing."
While most of us are just trying to remember our Gmail passwords, Alphabet is busy solving the "error problem" that has kept quantum computing in the lab for years. These aren't just vanity projects, either. They are the building blocks for a future where Alphabet isn't just a search engine company, but the literal engine room for the world's most complex calculations.
NASDAQ: GOOGL
Key Data Points
With Alphabet, you get a lot of upside with minimal downside. If quantum computing is as transformative as anticipated, Alphabet could be a major beneficiary. If not, Alphabet still has a thorough business that doesn't rely heavily on it.
