Quantum (QUBT) Stock Surges 72% in 5 Days: $20 Incoming?
Quantum Computing stock (QUBT) is riding a monstrous 72% surge since the start of last weekend, as it looks to return to $20. Shares previously reached that value on January 6, as the stock underperformed following that climb. However, the company is beginning a rebound heading towards that mark again.
The Alphabet Inc (GOOGL) owned company recently revealed its latest quantum chip, dubbed “Willow.” The new chip “paves the way to a useful, large-scale quantum computer,” according to the company. In a tech market dominated by Nvidia, Quantum Computing is hoping to catch up in the much more competitive AI market.
Quantum Computing (QUBT) Stock On the Up For Good?
The quantum computing market is heading toward a massive $125 billion valuation by 2030, with everyone looking to get their piece. Microsoft is one of these companies, recently backing 2025 as the year of Quantum. Stocks like QUBT reacted strongly to Microsoft’s co-sign, and have gone up gradually since that analysis.
In addition, Quantum stock is popping as investors are looking to predict how new US President Donald Trump will handle the growing AI wave. His first executive orders regarding AI could shape how the industry performs in 2025. On his first day Monday, Trump canceled the Biden administration’s 2023 executive order that required companies developing advanced AI models to share information with the U.S. government.
Also Read: Investors Eye $125B Quantum Market by 2030 Amid Slow Tech Progress
Quantum computing stocks fell in early January after Nvidia (NVDA) Chief Executive Jensen Huang claimed the technology was “far off” from commercial usage. Huang added that the technology won’t be “very useful” for 15 to 30 years. However, it is beginning a slow rebound as investors regain confidence in the industry. Nvidia is the dominant supplier of AI chips and also is developing quantum technology. However, Quantum computing would pose serious competition to Nvidia in processing artificial intelligence workloads. Its recent surge this week is larger in growth than NVDA. Therefore, the coming month in AI could determine if Nvidia’s market dominance is truly shrinking.
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Quantum (QUBT) Stock Surges 72% in 5 Days: $20 Incoming?
Quantum Computing stock (QUBT) is riding a monstrous 72% surge since the start of last weekend, as it looks to return to $20. Shares previously reached that value on January 6, as the stock underperformed following that climb. However, the company is beginning a rebound heading towards that mark again.
The Alphabet Inc (GOOGL) owned company recently revealed its latest quantum chip, dubbed “Willow.” The new chip “paves the way to a useful, large-scale quantum computer,” according to the company. In a tech market dominated by Nvidia, Quantum Computing is hoping to catch up in the much more competitive AI market.
Quantum Computing (QUBT) Stock On the Up For Good?
The quantum computing market is heading toward a massive $125 billion valuation by 2030, with everyone looking to get their piece. Microsoft is one of these companies, recently backing 2025 as the year of Quantum. Stocks like QUBT reacted strongly to Microsoft’s co-sign, and have gone up gradually since that analysis.
In addition, Quantum stock is popping as investors are looking to predict how new US President Donald Trump will handle the growing AI wave. His first executive orders regarding AI could shape how the industry performs in 2025. On his first day Monday, Trump canceled the Biden administration’s 2023 executive order that required companies developing advanced AI models to share information with the U.S. government.
Also Read: Investors Eye $125B Quantum Market by 2030 Amid Slow Tech Progress
Quantum computing stocks fell in early January after Nvidia (NVDA) Chief Executive Jensen Huang claimed the technology was “far off” from commercial usage. Huang added that the technology won’t be “very useful” for 15 to 30 years. However, it is beginning a slow rebound as investors regain confidence in the industry. Nvidia is the dominant supplier of AI chips and also is developing quantum technology. However, Quantum computing would pose serious competition to Nvidia in processing artificial intelligence workloads. Its recent surge this week is larger in growth than NVDA. Therefore, the coming month in AI could determine if Nvidia’s market dominance is truly shrinking.
Read More