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Yahoo
9 hours ago
- Business
- Yahoo
Why Quantum Computing Inc. (QUBT) Soared On Friday
We recently published a list of . In this article, we are going to take a look at where Quantum Computing Inc. (NASDAQ:QUBT) stands against other Friday's best-performing stocks. Quantum Computing surged by 15.81 percent on Friday to end at $13.70 apiece as investors cheered the company's upgraded rating from an investment firm. In its market note, Ascendiant Capital Markets maintained its 'buy' recommendation on Quantum Computing Inc.'s (NASDAQ:QUBT) stock, while raising its price target to $22 from $14 previously. A data analyst pouring over a chart, the intricacies of its lines being revealed. The new price target represented a 60.6 percent upside from the company's latest closing price. In the first quarter of the year, Quantum Computing Inc. (NASDAQ:QUBT) swung to a net income attributable to shareholders of $16.98 million from a $6.4 million net loss in the same period last year, primarily driven by a $23.6 million non-cash gain on the mark-to-market valuation of the company's warrant liability as a result of its merger with QPhoton in June 2022. Revenues, on the other hand, rose by 44 percent to $39,000 from $27,000 in the same period last year. Overall, QUBTranks 3rd on our list of Friday's best-performing stocks. 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 best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
18-05-2025
- Business
- Yahoo
Why Quantum Computing Stock Is Skyrocketing Today
Quantum Computing reported Q1 earnings, showing a net profit. The company completed construction of its Quantum Photonic Chip Foundry in Tempe, Arizona. Quantum computing technology is still in its infancy. 10 stocks we like better than Quantum Computing › Shares of Quantum Computing (NASDAQ: QUBT) are soaring on Friday. The company's stock jumped 34.5% as of 1:32 p.m. ET. The rise comes as the S&P 500 (SNPINDEX: ^GSPC) gained 0.4% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.2%. The quantum computing company reported its Q1 earnings, posting a net profit. Quantum Computing reported Q1 earnings of $17 million, or $0.11 per share, a major jump from the loss of $6.4 million or $0.08 per share in the year-ago period. While investors are rewarding the company's shift to profitability, the quarter is likely an aberration. The company attributed the change to "a $23.6 million noncash gain on the mark-to-market valuation of the Company's warrant liability as a result of our merger with QPhoton in June 2022." In other words, it was a function of accounting, not a material change in its business. There is certainly positive momentum operationally, however. During the quarter, Quantum Computing completed construction of its Quantum Photonic Chip Foundry in Tempe, Arizona, a facility designed to manufacture its specialized photonic chips for quantum computing and communications applications. Interim CEO Dr. Yuping Huang was optimistic, noting the company is "encouraged by our early traction, which is the first step in what we believe is a significant, multiyear opportunity to serve the expanding markets in datacom, telecom, and quantum-enabled applications." While there are positive developments here, quantum computing is many years away from real viability in commercial applications. It will be a long time before any company is able to produce a solution that is robust, powerful, and stable enough to generate a return on investment. Quantum Computing's technology shows promise, but it is too early to tell which approach and which companies will succeed. If you are an investor with a particularly high risk tolerance and the ability to wait a decade or more for your investment to pay off, Quantum Computing is a solid addition to your portfolio, but you should look to spread your quantum investment around to many companies in the space. Before you buy stock in Quantum Computing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Quantum Computing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,275!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,385!* Now, it's worth noting Stock Advisor's total average return is 967% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Quantum Computing Stock Is Skyrocketing Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Quantum Computing Stock Surges as Firm Swings to Profit
Quantum Computing swung to a first-quarter profit as an earlier purchase combined with growing demand for its photonic semiconductors. The quantum technology firm posted earnings of $0.11 per share compared with a loss of $0.08 per share a year ago. Quantum has seen "early traction" after completing a new photonic chip factory in Computing (QUBT) shares surged 12% in premarket trading Friday, a day after the provider of photonic and quantum optics technology swung to a profit on benefits from an earlier acquisition and growing demand for its thin film lithium niobate (TFLN) photonic chips. The company posted first-quarter earnings of $17 million or $0.11 per share, compared with a loss of $6.4 million or $0.08 per share a year ago. Revenue rose to $39,000 from $27,000. Quantum Computing noted that the gain in net income was primarily because of "a $23.6 million non-cash gain on the mark-to-market valuation of the Company's warrant liability as a result of our merger with QPhoton in June 2022." Interim CEO Dr. Yuping Huang explained that during the period the firm finished construction of its Quantum Photonic Chip Foundry in Tempe, Ariz., and that it's "encouraged by our early traction, which is the first step in what we believe is a significant, multi-year opportunity to serve the expanding markets in datacom, telecom, and quantum-enabled applications." Huang added that Quantum Computing deepened its engagement with both government and commercial partners, "reinforcing the growing interest in our quantum and photonic machines and positioning QCi to capitalize on emerging opportunities ahead." The news was in contrast with another quantum computing firm, Rigetti Computing (RGTI), which reported earlier this week that quarterly sales plunged. Quantum Computing shares were down about 44% year-to-date entering Friday. Read the original article on Investopedia Sign in to access your portfolio
