Quantum Computing Inc. (QUBT) shares surged 5.02% in intraday trading on Friday, as investors appeared to pivot back into speculative growth and technology stocks following the latest inflation data release. The stock move came amid a broader rebound in the quantum computing sector, which had seen significant declines in the previous sessions.

The rally in QUBT and other quantum stocks was likely driven by a cooler-than-expected inflation reading, which eased concerns over the Federal Reserve's aggressive interest rate hike trajectory. The Personal Consumption Expenditure (PCE) index, the Fed's preferred inflation measure, rose 2.4% annually in November, slightly below estimates of 2.5%.

This data point has sparked optimism that the central bank may soon pause its monetary tightening cycle, potentially providing relief for high-growth sectors like quantum computing. While these stocks have been under pressure due to rising interest rates, investors seem to be betting that an upcoming shift in Fed policy could reignite interest in these innovative but speculative areas of technology.