Forget Bitcoin or Tesla, Invest in Quantum Computing While It’s Still Early
In 2016–2017 it was pot stocks. In 2020–2021 it’s EV stocks. And in a few years, it will be quantum computing stocks.
As is often the case, there are industries that offer innovation and potential returns years before profits are made. A few years ago marijuana companies saw their share prices skyrocket as legalization crept across states. Recreational marijuana is still not legalized on the federal level. These companies have seen their share prices fall as they haven’t been able to produce revenue and profit numbers that meet analysts’ expectations.
Tesla has been on a remarkable ride the last few years. They are one of the best known electric vehicle companies. Recently, many other companies in the same space have seen astronomical growth. Examples include Workhorse Group, Nio, and Nikola. While all these companies offer great ideas, it will be years before they are able to create sustainable, high-level profits.
…the potential is so great, and the technological advances are coming so rapidly, that every business leader should have a basic understanding of how the technology works, the kinds of problems it can help solve, and how she or he should prepare to harness its potential.
