Quantum Computing (QUBT) Drops 17.5%. Here's Why
Quantum Computing declined by 17.5 percent week-on-week as investors disposed of positions amid the lack of catalysts to boost buying.
Quantum Computing Inc.'s (NASDAQ:QUBT) performance last week suggested that investors may have already priced in its recent inclusion in two Russell indices, and were already waiting for more leads to spark buying.
Effective on June 30, Quantum Computing Inc. (NASDAQ:QUBT) is now an official component of the Russell 3000 Index and the small-cap Russell 2000 Index, expanding its visibility among institutional investors.
A data analyst pouring over a chart, the intricacies of its lines being revealed.
The Russell 3000 Index includes the largest 3,000 US public companies by market capitalization, while the Russell 2000 Index is a subset of the broader Russell 3000 Index limited to small-cap companies. Both indices are reconstituted annually by re-ranking companies based on total market capitalization as of the reconstitution rank date, which was April 30, 2025, this year.
While we acknowledge the potential of QUBT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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