Should You Forget Palantir and Buy These 3 Quantum Computing Stocks Instead?

Few artificial intelligence (AI) software companies have generated sizzling growth like Palantir Technologies (NASDAQ: PLTR) has. However, the AI stock is priced at a steep premium due to its success. Palantir's shares trade at roughly 82 times forward earnings.

Investors seeking the next Palantir-like opportunity may want to shift their focus to another area: quantum computing. This technology is at an earlier stage than AI software, which means the prospects of tremendous gains could be greater. Should you forget Palantir and buy these three quantum computing stocks instead?

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1. Alphabet

Some might be surprised to see Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) on this list. The company is best known for its Google search engine, YouTube video-sharing service, and Android mobile operating system.

But Alphabet has impeccable quantum computing credentials, too. The company's Google Quantum AI unit has racked up multiple impressive wins. For example, its Willow quantum chip performed a calculation in less than five minutes that would take the fastest supercomputers available today 10 septillion (that's 10 followed by 24 zeros) years to handle.