3 Top Quantum Computing Stocks to Buy in September
2026-09-04 17:23
•Keithen Drury •The Motley Fool
•••• ••••••• Axe Cap view
Quantum Computing Stocks: Too Early for the JSE?
Global leaders in quantum computing show promise, but South African investors face limited direct exposure and must watch currency risks closely.
Quantum computing is touted to revolutionize tech, with giants like Alphabet pushing hard on breakthroughs, IonQ leading accuracy in niche systems, and Nvidia bridging AI with quantum hardware. Yet, none of these innovators have direct listings on the JSE. For South African investors, this means exposure hinges largely on the USD/ZAR exchange rate and global tech sentiment. Naspers and Prosus could offer some indirect touchpoints, but their heavy Tencent and global tech dependencies dilute any pure quantum play. The rand’s recent volatility—oscillating around 18.50 to the dollar—adds an extra layer of risk if you’re accessing these names via ADRs or offshore funds. If quantum tech delivers as predicted, global markets will respond, likely strengthening the rand on risk-on days. However, if breakthroughs stall or US policy tightens on tech exports, the rand might weaken and hurt returns. Until local names emerge cleanly in quantum tech, it’s best to watch from the sidelines and focus on currency hedging strategies instead. this is just our opinion and not financial advice
Avoid direct investment in these quantum plays through local channels. Consider a cautious, hedged exposure to USD/ZAR if you want to play the tech cycle indirectly, but wait for clearer South African listings before committing.
- USD/ZAR
- Naspers
- Prosus
- Global quantum tech breakthroughs take longer than expected
- Rand depreciation against the dollar erodes offshore investment returns
6/10
The article highlights three quantum computing stocks positioned to benefit from the industry's projected growth to $72 billion by 2035. Alphabet is recommended for its significant R&D investment and Willow quantum chip breakthroughs. IonQ stands out among upstarts for its ion trap technology and accuracy record. Nvidia is supporting quantum computing through hybrid integration tools while maintaining its core AI business.
Our take is based on reporting first published by The Motley Fool.