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QUANTUM COMPUTING: BOFA SEES $4 BLN MARKET BY 2030

Bank of America is bullish on the long-term potential of quantum computing (QC), projecting the market will grow from around $300 million last year to $4 billion by 2030. However, it cautions that scaling challenges remain.

"While the promise of quantum computing is real, there are technological impediments to scaling that are currently being worked on," BofA analysts write in a Friday note. "Once these scaling hurdles are overcome (perhaps by 2030), we expect a much more meaningful inflection in revenues."

Quantum firms currently rely on six main ways to build qubits, the fundamental units of quantum computers: superconducting, trapped-ion, photonic, neutral-atom, topological and spin. Each comes with its own scientific trade-offs and varying levels of maturity.

Investors seeking exposure can look to pure plays like D-Wave QBTS.N, Rigetti RGTI.O, IonQ IONQ.N and Quantum Computing QUBT.O, whose shares have surged between 21% and 220% in 2025. Big tech players such as IBM, Google, Microsoft, NVIDIA, Amazon and Intel are also active in the space.

Private capital is flowing into companies like PsiQuantum, Quantinuum, Pasqal and Xanadu - each featuring different levels of technological maturity and scale.

BofA sees QC evolving as an on-demand infrastructure with early adoption driven by increasing penetration and stable pricing. If scaling succeeds, the next decade could mark a turning point for commercial quantum computing.

(Danilo Masoni)

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