Shares of Quantum Computing Inc. (NASDAQ: QUBT) are soaring 6.45% in pre-market trading on Thursday, as part of a broader rally in quantum computing stocks. This surge comes amid renewed investor interest in the nascent quantum computing industry and follows the company's recent positive earnings report.
The Hoboken-based company has experienced significant volatility since releasing its first-quarter 2025 earnings last week. Quantum Computing Inc. reported a remarkable turnaround, swinging to a profit with net income of $17 million, compared to a net loss of $6.4 million in the same period last year. This positive financial performance initially drove the stock to double-digit gains, followed by a pullback earlier this week.
The current rally in quantum computing stocks is not limited to Quantum Computing Inc. Other companies in the sector are also seeing significant pre-market gains, with Arqit Quantum up 14%, SEALSQ rising 9%, and D-Wave Quantum increasing by 5%. This sector-wide movement highlights the growing investor enthusiasm for quantum technology, which has the potential to revolutionize various fields, including cybersecurity and complex problem-solving capabilities that surpass classical computing systems.
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