Quantum Computing (QUBT) surged in trading on Wednesday after the quantum optics technology company announced that it had been awarded a contract by the National Aeronautics and Space Administration’s (NASA) Goddard Space Flight Center.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Under this contract, QUBT will employ its entropy quantum optimization machine, Dirac-3, to support NASA’s advanced imaging and data processing demands.
Investors’ Interest in Quantum Computing Stocks Grows
Interest in quantum computing stocks is gaining momentum following a major breakthrough announced by Google (GOOGL) last week for its Willow quantum computer. Google Quantum AI team founder Hartmut Neven claims that Willow’s performance lends credence to the multiverse theory, suggesting that “quantum computation occurs in many parallel universes.” In fact, shares of QUBT have surged by more than 100% over the past five days and have skyrocketed by over 1000% year-to-date.
Which Quantum Computing Stock Is the Best to Buy?
For investors interested in the quantum computing sector, we have rounded up the best quantum computing stocks using the TipRanks Stock Comparison tool.
