Shares of beaten-down Quantum Computing (QUBT) soared 55% as it led a broad-based rally in the sector that has been on a rollercoaster journey in recent weeks.
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QUBT, which extended gains in pre-market trading on Thursday, January 16th by another 14%, and other quantum computing stocks bounced back after Nvidia (NVDA) announced its first Quantum Day to take place at GTC 2025 in March, despite boss Jensen Huang earlier saying the technology’s practical use was 20 years away.
Quantum Day will feature sessions exploring what’s possible and available now in quantum computing, and where quantum technologies are headed, hosted by Huang and representatives from across the quantum industry.
The rally also came as Microsoft (MSFT) declared 2025 “the year to become quantum-ready,” and unveiled a corporate training program.
“We are at the advent of the reliable quantum-computing era,” Microsoft wrote in a blog post to launch its Quantum Ready program. “And we are right on the cusp of seeing quantum computers solve meaningful problems and capture new business value.”
QUBT Catches a Break
QUBT and quantum stocks such as IonQ (IONQ) and D-Wave Quantum (QBTS) got some relief after a rocky few days following comments from the CEOs of NVDA and Meta Platforms (META).
NVDA’s Huang sank quantum computing stocks by saying the technology’s practical use was 20 years away.
Meanwhile, META’s Mark Zuckerberg said quantum computing is “quite a ways off” from being a “practical paradigm.”
IONQ rallied 33% on Wednesday, extending gains further in pre-market trading on Thursday, while Rigetti Computing (RGTI) and QBTS each posted a 22% gain in yesterday’s session.
Despite the rally, QUBT remains down 38% for 2025 after enjoying a monster rally late last year.
Quantum computing stocks rallied sharply at the end of 2024 after Google announced it had completed a 100-qubit chip, marking the second phase of its strategy to build a quantum system with one million qubits.
Last week, QBTS, which describes itself as the world’s first commercial supplier of quantum computers, announced that Fiscal year 2024 bookings will exceed $23 million, an increase of 120% over the previous year.
What Is the Best Stock to Buy in Quantum Computing?
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