Quantum computers could represent the next leap forward in technology. Unlike classical computers, which still store data as binary bits of 0s and 1s, quantum computers can store these 0s and 1s as qubits simultaneously in a quantum state. This difference allows quantum computers to process more data and perform specific tasks faster than classical computers, but they are also larger, more expensive and less energy efficient.
However, Fortune Business Insights expects the quantum computing market to expand at a compound annual growth rate of 34.8% from 2025 to 2032 as companies roll out more complex and cost-effective systems. Let’s take a look at two of these companies – D wave quantum (NYSE: QBTS) and Ion Q (NYSE: IONQ) — See why they’re worth buying in February.
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D-Wave accelerates electrons in both clockwise and counterclockwise directions through superconducting loops to achieve quantum states. These electronic power systems are simpler and cheaper to manufacture than other types, but can be expensive to operate and maintain due to the need for cryogenic refrigeration.
D-Wave’s systems are designed for quantum annealing, a process that helps organizations optimize their workflows by identifying the lowest-power systems. It also designs its own QPU and Advantage quantum systems and offers quantum computing as a service through its cloud-based Leap platform.
IonQ uses precision lasers to trap ions and put them into a quantum state. Their systems are expensive to manufacture and require ongoing maintenance, but they do not require any refrigeration. Unlike D-Wave’s optimization-oriented system, IonQ builds a general-purpose quantum computer capable of solving a wider range of problems. It makes four systems: the older Aria system, the flagship Forte system, the data center-oriented Forte Enterprise system and the upcoming Tempo system. It also offers its quantum computing capabilities as a cloud-based service.
From 2025 to 2027, analysts expect D-Wave’s revenue to surge from $26 million to $81 million, while IonQ’s revenue is expected to surge from $109 million to $317 million. This expansion should be driven by growing interest in quantum computing systems for handling artificial intelligence tasks, optimizing businesses and supply chains, and even mining cryptocurrency.
