Quantum Computing Inc. (QUBT) stock soared 5.14% in pre-market trading on Thursday, as the company's shares continue to ride the wave of excitement surrounding the potential of quantum computing technology.
The stock's rally comes amid growing investor enthusiasm for quantum computing companies like QUBT, which claims to offer a novel "entropy-based" approach to quantum computing through its Dirac-3 system. This approach aims to harness entropy, rather than fight against it, potentially reducing the cost and complexity of quantum computers.
However, despite the hype and QUBT's claims, skepticism remains about the practical applications and timeline of quantum computing. Industry experts, including Nvidia CEO Jensen Huang, have expressed doubts, suggesting that "very useful" quantum computers could be decades away. QUBT's track record of pivoting its business focus and diluting its shares through frequent capital raises has also raised concerns among some investors.
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