Bernstein says the future of tech is quantum. These two stocks have the most upside

Bernstein says that while it may be too early to call the eventual winners and losers in the quantum computing field, two stocks already show significant promise: Rigetti Computing and Infleqtion . In a Monday note to clients, Bernstein claimed that future technology profits lie in quantum computing. Rather than replacing traditional hardware, quantum computing will operate as a specialized accelerator, wrote a team of analysts led by Mark Newman. "Quantum computing is set to become the next important step in computing. We believe the future of advanced computing will be shaped by a tri-processor architecture composed of CPUs, GPUs, and QPUs," Newman wrote, referring to central, graphics and quantum processing units. The current field, wrote Newman, is comprised of specialized pure-play companies alongside giant tech providers such as IBM , Google , Microsoft and Intel . But it's far too early in the industry's development to declare an ultimate winner. "We believe the market is unlikely to be winner-take-all," Bernstein added. "Different modalities bring distinct strengths and tradeoffs, which should make certain architectures better suited for specific use cases, workloads, and time horizons. Some may be better positioned for near-term commercial relevance, while others may offer the stronger long-term path to scaled, fault-tolerant quantum computing." Newman identified two companies that currently offer a more attractive risk-reward ratio than others. …