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An update from Quantum Computing ( (QUBT) ) is now available.
Quantum Computing Inc. announced $50 million in gross proceeds from concurrent offerings of common stock, with plans to use the funds for working capital and to advance its quantum technologies and TFLN Photonic Chip Foundry in Tempe, Arizona, slated for completion in Q1 2025. This financial boost is expected to enhance QCi’s balance sheet, support R&D, and scale production, thereby strengthening its market position in high-performance computing.
More about Quantum Computing
Quantum Computing Inc. (QCi) is an innovative technology company focusing on integrated photonics and quantum optics. It offers high-performance computing solutions, including quantum optimization machines and reservoir computers for applications in artificial intelligence, cybersecurity, and remote sensing. The company emphasizes affordable, room-temperature, low-power quantum machines.
YTD Price Performance: 603.30%
Average Trading Volume: 21,015,948
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $756.6M
For a thorough assessment of QUBT stock, go to TipRanks’ Stock Analysis page.
