"This rally pushes QUBT's 12-month gains beyond 3,200%, cementing its status as a momentum juggernaut in quantum computing. It's not alone, though. Peers like IonQ ( ) and D-Wave Computing ( NASDAQ:QBTS ) are up between 3% and 4% today, with Rigetti Computing ( NASDAQ:RGTI ) rising another 10% after jumping 12.5% yesterday. So far this week, RGTI stock is up nearly 42%."
"At the heart of QUBT's meteoric rise over the past year lies its pioneering photonic chip technology, a game-changer in quantum processing. Unlike traditional qubit systems demanding cryogenic chills, QUBT's light-based approach operates at room temperature, slashing costs and boosting scalability for AI, cryptography, and optimization apps. This innovation has drawn fresh analyst love, including Lake Street Capital initiating coverage of QUBT yesterday with a Buy rating and a $24 per share price target. He pegged QUBT as a sector frontrunner."
Quantum Computing (NASDAQ:QUBT) shares surged 23% to about $22.50 amid massive volume, pushing its 12-month gains beyond 3,200%. Peers IonQ and D-Wave rose 3–4% while Rigetti jumped 10% after a prior 12.5% gain, leaving RGTI up nearly 42% this week. The Quantum World Congress 2025 amplified sector buzz with IonQ acquisitions, D-Wave Asia-Pacific wins, and Rigetti's three-year, $5.8 million U.S. Air Force contract. QUBT's growth is rooted in photonic chip technology that operates at room temperature, reducing costs and improving scalability for AI, cryptography, and optimization. Lake Street Capital initiated coverage with a Buy rating and $24 price target, and large commitments, including Nvidia's $600 million Quantinuum bet and $1.25 billion in first-quarter quantum investments, underscore growing institutional interest.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]