Investors looking to buy into a company that will likely play a huge part in quantum computing's future need to look no further than Alphabet ( GOOGL -0.20%) ( GOOG -0.23%). Here are two reasons why it might be the best quantum computing stock to buy right now.

Quantum computing is a burgeoning field with the potential to create trillions of dollars. The rising acceptance of quantum computers in finance, life sciences and chemical sectors is expected to help the quantum computing market reach $5.3 billion by 2029 from $1.3 billion in 2024 at a CAGR of 32.7%, according to marketsandmarkets.

Alphabet subsidiary Google recently announced two major technical achievements with its Willow quantum computing chip. In response to the news, shares of Rigetti Computing (NASDAQ: RGTI) and D-Wave Quantum (NYSE: QBTS) during the next three weeks advanced 280% and 110%,

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