FormFactor, Inc. (FORM): Among the Best Quantum Computing Stocks to Invest in Now
Our Methodology
To compile the list of 12 Best Quantum Computing Stocks to Invest in Now, we conducted thorough research, analyzing multiple financial media reports and industry reports. Starting with an initial list of 20 companies, we narrowed it down by choosing pure-play quantum computing stocks that are popular among elite hedge funds. The final selection is ranked in ascending order of their hedge fund sentiment, as of Q4 2024.
At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A close up of a technician’s hands manipulating a temperature control system for a thermal system.
FormFactor, Inc. (NASDAQ:FORM)
Number of Hedge Fund Holders: 26
FormFactor, Inc. (NASDAQ:FORM) makes high-performance probe cards, analytical probes, probe stations, thermal, and cryogenic systems for semiconductor and scientific applications. Its products support the full device lifecycle from R&D to high-volume production, enabling customers to improve yield and efficiency. The company operates in two segments—Probe Cards and Systems. It specializes in precision testing technologies, including MEMS-based contact elements, cryogenic instruments, and integrated measurement systems. Continued innovation, strong IP, and strategic acquisitions position them for leadership from lab-scale research to commercial semiconductor manufacturing.
FormFactor, Inc. (NASDAQ:FORM)’s Q1 2025 revenue was $171.4 million, a 1.6% increase year-over-year, however, it saw a 9.6% sequential decline. Its System segment, which is closely tied to quantum computing, saw reduced revenue in Q1 2025, consistent with expectations, but is forecasted to grow moderately in Q2. This growth is being driven by customer innovations in quantum computing and high-performance computing, requiring advanced measurement tools like CM300 and IQ3000 cryogenic probers. A key driver is demand for co-packaged optics (CPO) in data centers, where FormFactor’s systems test photonic integrated circuits (PICs). The company’s early collaborations and installed base of over 100 silicon photonic systems support its leadership in the lab space, now expanding to production. Multiple systems are shipping in Q2 to enable high-volume PIC production, underpinning future growth.
FormFactor, Inc. (NASDAQ:FORM) expects continued strong revenue from its leading HBM (High Bandwidth Memory) customer during the transition from HBM3 to HBM4, with HBM4 sampling underway and additional revenue from second and third HBM customers. The company is also seeing new fab ramps and potential PC refresh cycles. FormFactor is advancing in co-packaged optics and GPU probe card qualifications, leveraging its strength in lab and production testing as test intensity rises with advanced packaging.
Overall, FORM ranks 7th on our list of best quantum computing stocks to invest in now. While we acknowledge the growth potential of FORM, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FORM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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