Investing.com - Quantum computing stocks have surged in recent weeks, with some posting triple-digit gains over three months. In fact, yesterday saw strong gains in some sector stocks.
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Quantum Computing's stock jumped 25.38% at close, while Rigetti Computing's stock rose 11.39%.
These gains were driven by comments made by Jensen Huang, CEO of NVIDIA Corporation (NASDAQ:NVDA), who said yesterday morning that quantum computing technologies are approaching a "turning point."
As the head of the hardware company leading the AI revolution, Jensen Huang holds significant influence in the technology sector. When it comes to emerging technologies like quantum computing and self-driving vehicles, support from Jensen Huang or Nvidia is often enough to trigger a sharp rise in the valuations of the companies involved.
In addition to Quantum Computing Inc and Rigetti, mentioned earlier in this article, other pure-play quantum computing stocks are also very popular, including D-Wave Quantum and IonQ.
There is also an ETF focused on quantum computing stocks. When we looked at the holdings of this exchange-traded fund, we were surprised:
The fund contains leading French stocks that are very well-known to the public.
We examined the details, and it turned out that this French company is indeed working on quantum computing applications as part of its business.
In an article published on its website earlier this week, the company noted that it has been exploring and investing "in quantum technologies for several years."
In the article, the company also noted that "its work on quantum technologies began in 2017" and that it collaborated "in research with leading experts, including one Nobel Prize winner (OTC:NEBLQ) in physics."
The company also collaborated "on ambitious European and national projects such as EuroQCI, FranceQCI, and Prometheus."
Thus, this large-cap French stock could be an interesting stock to gain exposure to quantum computing on the Paris Stock Exchange, although it is far from being a "pure play."
Moreover, this stock has many other qualities. According to InvestingPro's fair value model, which combines several recognized valuation models, the stock has a potential upside of over 18%.
Above all, it is one of the best dividend-paying stocks in France, with reliable dividends currently representing an annual yield of 6%.
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