Quantum Computing, Quantum Companies

Intel: Quantum Computing Value Play?

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October 24, 2020 by Rusty Flint
Intel: Quantum Computing Value Play?
The last earnings review for Intel was not kind. The sale of its memory business contributed to a massive decline of around 11% in its share price. Seemingly out-smarted by AMD and NVIDIA, the chip-maker seems to have fallen foul of Wall Street. Is the company one of the most undervalued ‘Quantum’ companies? It is the only chip maker conducting research in Quantum Computing. Revenues from Intel also declined. More of us are using technology as we work from home. But, it appears that Intel’s revenue decreased by 4% because buyers found competitors’ offerings more compelling. On Friday, the share price declined by around 11%. This decline is considerable because the price-to-earnings ratio is very low (very inexpensive). The P/E ratio is under nine. Compared with heady P/E ratios of 160 for the likes of AMD for example.
Intel's Tanglelake processor with 49 Qubits
Intel’s Tanglelake processor with 49 Qubits
Intel still makes chips that power many of the devices we use. However, what sets this company apart is its engagement in research into quantum computing. Shareholders may think of this as a ‘folly’ as its main market declines. Other shareholders may see this as a smart bet. We are encouraged to see Intel’s efforts. We think the company can represent a cost-effective way for investors to get a piece of the Quantum Investment pie. You can read more about what Intel gets up to with its Quantum efforts. These efforts involve superconducting qubits and its 49 Qubit Tangle lake processor.
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Rusty Flint

Rusty is a quantum science nerd. He's been into academic science all his life, but spent his formative years doing less academic things. Now he turns his attention to write about his passion, the quantum realm. He loves all things Quantum Physics especially. Rusty likes the more esoteric side of Quantum Computing and the Quantum world. Everything from Quantum Entanglement to Quantum Physics. Rusty thinks that we are in the 1950s quantum equivalent of the classical computing world. While other quantum journalists focus on IBM's latest chip or which startup just raised $50 million, Rusty's over here writing 3,000-word deep dives on whether quantum entanglement might explain why you sometimes think about someone right before they text you. (Spoiler: it doesn't, but the exploration is fascinating)