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Morgan Stanley predicts quantum computing could hit $100 billion and names top stock pick
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CNBC TV18•16-10-2026, 06:33
Morgan Stanley predicts quantum computing could hit $100 billion and names top stock pick
- •Morgan Stanley forecasts the quantum computing market could exceed $100 billion annually by 2040.
- •The investment bank upgraded Quantinuum to overweight with a $62 price target, suggesting about 88 percent upside.
- •Quantinuum was highlighted for leading in technology and execution among pure-play companies.
- •The bank expects Quantinuum's revenue to grow significantly from approximately $270 million in 2028 to $2 billion by 2030.
Key Questions Answered
Morgan Stanley predicts that the quantum computing market could grow into a sector worth more than $100 billion annually by 2040, provided that fault-tolerant machines achieve broad commercial adoption.
Morgan Stanley named Quantinuum its top stock pick to capitalize on the quantum computing trend, upgrading the Colorado-based company to overweight with a $62 price target.
Analyst Joseph Moore identified 2027 as a critical year for the industry, pointing to Quantinuum's next-generation Sol system as the next most important hardware milestone.
