Quantum computing research is evolving fast, but there a significant doubts if these devices will be relevant to the average company.

Google's new whitepaper says it could take only minutes for a quantum system to crack Bitcoin.

This team effort converges expertise to leverage quantum computing for an important, practical outcome.”— Marco Cerezo,

Silicon is ubiquitous in modern electronics, and now it is becoming increasingly useful in quantum computing. In particular, silicon's compatibility with existing chip technology and its long coherence times in silicon-based spin qubits make it a promising material for scalable quantum computing.

With around 26,000 qubits, the encryption could be broken in a day, the researchers report in a paper submitted March 30 to arXiv.org. Another prevalent form of encryption, RSA–2048, would require 100,000 qubits and 10 days to break, according to the researchers, from Caltech and quantum computing company Oratomic in Pasadena, Calif.

My two favorite quantum computing stocks that I think will soar during the next few years are IonQ ( IONQ 7.83%) and D-Wave Quantum ( QBTS 5.29%). Both of these companies are taking different approaches to the quantum computing realm, and both can thrive.