Quantum computing has been an up-and-down investment theme over the past few months. The rage kicked off when Alphabet ( GOOG 1.16%) ( GOOGL 1.13%) announced a breakthrough with its Willow quantum computing chip, and any stock associated with quantum computing rose on the news of the announcement.

Quantum computing has the potential of being the next big innovation. At the right size and the right price, it might even be investable.

At the CES 2025, Nvidia CEO Jensen Huang claimed useful Quantum Computing was at least 15 years away. This caused the stock prices of many quantum computing stocks to crash considerably.

Following tech giants such as Amazon (AMZN) and Nvidia (NVDA), enterprise software major SAP (SAP) has also joined the voices making a case for quantum computing. Sounding bullish about the technology,

Many quantum computing stocks have risen well above Wall Street's price targets, but this one still has room to climb.