Walmart Deal Fuels Robotics Firm's Growth; Quantum Battery and Quantum Computing Stocks Offer More Potential Than Cryptos
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Symbotic provides warehouse automation robots and software. Revenue grew rapidly thanks to a deal with Walmart, which accounts for most sales. It has big growth potential in the warehouse automation market.
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QuantumScape is developing next-gen solid-state batteries for electric vehicles. Backed by Volkswagen, its batteries could enable longer ranges and faster charging. But commercialization and revenue are still a long way off.
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IonQ offers quantum computing services through the cloud. It aims to miniaturize quantum computing hardware for commercial use. Revenue is small but growing as it locks in new customers.
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The article argues these 3 speculative growth stocks have more potential than cryptocurrencies, which are hard to value and driven by supply/demand instead of fundamentals.
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The author discloses his ownership stake in ASML and Motley Fool's positions in various stocks mentioned.