Latest news with #QuantumComputingInc
Yahoo
38 minutes 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
a day 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. Sign in to access your portfolio
Fast Company
20-05-2025
- Business
- Fast Company
D-Wave stock price soars double digits as quantum computer shares rally again today. Here's why
Shares in major quantum computer companies were on the rise again in premarket trading on Tuesday, highlighting what has been a volatile couple of weeks for a nascent industry that continues to captivate. Here's what's driving the latest news: D-Wave announces Advantage2 By far, Palo Alto-based D-Wave Quantum Inc (NYSE: QBTS) is seeing the biggest boost in premarket trading, with its stock up more than 12% as of this writing. This boost follows a 7% increase in D-Wave shares on Monday. Investors are likely excited by news on Tuesday morning in which D-Wave announced the general availability of its sixth-generation Advantage2 quantum computing system, which the company says has a demonstrated ability to solve deeply complex problems that classical computers can't. 'It's what everybody aspired to achieve, and we're quite excited about it,' CEO Alan Baratz told Fast Company in March, when the company announced that it had achieved 'quantum supremacy' using the Advantage2. Although some researchers have challenged D-Wave's claims, investors appear to be on board for now. Shares in D-Wave are up 36.84% year to date. Quantum Computing Inc rises, falls, and rises again Hoboken-based Quantum Computing Inc. (Nasdaq: QUBT) has seen some volatility since it released its first-quarter 2025 earnings report last Thursday. The company swung to a profit, reporting net income of $17 million, versus a net loss of $6.4 million last year. Shares surged double digits on Friday after the report, but then fell more than 8% on Monday, possibly due to some profit taking from investors who wanted to lock in their gains. Now, in premarket trading on Tuesday, QUBT is back on the rise again, with the stock up almost 9% as of this writing. Who can keep up? Rigetti Computing Inc: Along for the ride? Shares in Rigetti Computing (Nasdaq: RGTI) were also on the rise in premarket trading Tuesday, up nearly 6% as of this writing. The Berkeley-based company has not announced any news this morning that would impact the share price, so it's possible that investors are just showing a bit more excitement for the quantum computing space. Experts believe the space has the potential to transform computing as we know it, although debates persist about how far we are from widespread practical uses for quantum computing. It's worth noting that while all three of the above quantum computing companies are enjoying a rally this week, shares in Quantum Computing Inc. and Rigetti are both down significantly year to date: 36.94% and 39.75% respectively. Only time will tell if these three stocks will continue on their upward path this week and into the future. For now, enjoy the quantum leap.
Yahoo
14-05-2025
- Business
- Yahoo
Quantum Computing Inc. (QUBT): Among the Best Quantum Computing Stocks to Invest in Now
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 best quantum computing stocks to invest in now. When AI first gained widespread attention a few years ago, much of the conversation focused on its potential to boost productivity, streamline data analysis, and improve efficiency within businesses. While AI has certainly made an impact in those areas, its capabilities extend far beyond. Lesser-known but equally important applications of AI include optimizing drug development processes, detecting financial fraud, and strengthening cybersecurity systems. However, achieving significant breakthroughs in these complex fields will require more advanced AI systems. That's where quantum computing enters the picture. Although quantum technology hasn't yet been fully integrated with AI, its potential to unlock new levels of performance and problem-solving is immense, offering a powerful future synergy between the two fields. Quantum computing is a new type of computing that uses the strange rules of quantum physics to solve really hard problems. Unlike regular computers that use bits (which are either 0 or 1), quantum computers use qubits (quantum bits), which can be both 0 and 1 at the same time. This lets them handle a lot more information at once. Qubits can also be linked together in a special way called entanglement, which makes them even more powerful. Although today's quantum computers are still early and not perfect, they're improving fast and could one day change fields like medicine, finance, and cybersecurity. In a recent CNBC interview, Executive Chair & Chairman of the Board of IonQ, provided insights into the company's strategy and vision for the future of quantum computing and its integration with artificial intelligence. Chapman explains that the company uses a unique approach to building quantum computers based on trapped-ion technology, which offers greater stability and scalability than other quantum systems. This method allows for more precise control over qubits, which is essential for solving complex computational problems currently beyond classical computers' reach. Chapman discusses how quantum computing can significantly enhance AI capabilities. Traditional AI algorithms, especially those involving large datasets and intricate optimization challenges, are limited by the processing power of classical systems. Quantum computers, however, have the potential to process exponentially larger datasets and perform calculations that would otherwise take years. This could lead to breakthroughs in areas like drug discovery, supply chain optimization, and financial modeling. The former CEO also highlighted the company's focus on practical applications rather than just theoretical advancement. The company is actively developing quantum algorithms specifically designed to complement AI models, and it is working with major tech firms and research institutions to accelerate real-world adoption. Chapman envisions a future where quantum computing becomes a critical tool for AI development, enabling smarter, faster, and more efficient solutions across industries. 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 data analyst pouring over a chart, the intricacies of its lines being revealed. Number of Hedge Fund Holders: 6 There is growing demand for high-performance computing due to AI and large data needs, yet classical computers face limits, especially in optimization tasks. Quantum Computing Inc. (NASDAQ:QUBT) leverages integrated photonics and nonlinear quantum optics to develop scalable, energy-efficient quantum technologies, including the Entropy Quantum Computer (EQC). With applications in computing, sensing, and cybersecurity, and a focus on lithium niobate chip development, the company is positioned for growth in the expanding quantum and photonics markets. During Q4 2024, Quantum Computing Inc. (NASDAQ:QUBT) made significant operational and financial strides, including securing NASA contracts for quantum LiDAR optimization and phase unwrapping tasks. Its Dirac-3 quantum machine, operating at room temperature with low power use, addresses real-world optimization problems. The company's chip foundry in Arizona is nearing production, with pre-orders and strategic partnerships secured. Its growing market engagement and product deployments demonstrate that practical quantum solutions are already in use today. Quantum Computing Inc. (NASDAQ:QUBT) aims to scale its quantum photonic solutions and foundry operations, with revenue growth expected from its Dirac-3 machines and TFLN chip production. Q4 2024 revenue was $62K with improved gross margin and reduced cash usage. The company raised $192M in capital, boosting assets and equity. It remains focused on innovation, commercialization, and expanding both domestic and international customer engagement. Overall, QUBT ranks 11th on our list of best quantum computing stocks to invest in now. While we acknowledge the growth potential of QUBT, 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 QUBT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
06-05-2025
- Business
- Yahoo
Quantum Computing Inc. to Host First Quarter 2025 Shareholder Call on Thursday, May 15, 2025
HOBOKEN, N.J., May 6, 2025 /PRNewswire/ -- Quantum Computing Inc . ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced that the Company will host a conference call and webcast on Thursday, May 15, 2025 at 4:30 p.m. Eastern Time to review the Company's operational progress for the first quarter ended March 31, 2025. The Company will release its first quarter 2025 financial results that day after the market closes. To access the live webcast of the conference call, visit the QCi Investor Relations page at Investors may also access the webcast via the following link: To participate in the call by phone, dial (888) 506-0062 approximately five minutes prior to the scheduled start time. International callers please dial (973) 528-0011. Callers should use access code: 832763. A replay of the teleconference will be available until May 29, 2025, and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 52325. QCi (PRNewsfoto/Quantum Computing Inc.) About Quantum Computing Inc. Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications. For investor relations inquiries, contact John Nesbett or Rosalyn Christian at qci@ Cision View original content to download multimedia: SOURCE Quantum Computing Inc.
