Billionaires Are Piling Into This Quantum Computing Stock That Gained Over 2,640% in the Past Year

Few investment sectors have experienced larger share price gains over the past year than quantum computing. While these stocks are highly speculative, the potential of the technology and their incredible rise have caught the attention of billionaires and hedge funds on Wall Street.While retail investors should keep an eye on what the "smart money" is up to, they should also be sure to do their own due diligence. That's because the billionaires who run their own hedge funds may not necessarily be involved in all day-to-day investment decisions. Hedge funds also tend to invest on shorter time horizons.That said, when a group of billionaires buys a stock, it can certainly be a bullish indicator. In the second quarter, billionaires and their funds piled into a quantum computing stock that has risen 2,640% over the past year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool