Quantum Computing Inc. (QUBT) shares skyrocketed 12.12% in intraday trading on Friday, carried by a wave of investor enthusiasm for quantum computing stocks. This surge comes on the heels of recent breakthroughs that have ignited speculative trading in the sector.
The most significant catalyst has been Alphabet Inc.'s subsidiary Google unveiling its much-anticipated "Willow" quantum chip, capable of performing complex calculations exponentially faster than even the world's most powerful supercomputers. This milestone has fueled excitement about the transformative potential of quantum computing across industries.
Quantum Computing Inc. itself has also seen positive developments, including securing a notable contract from NASA for image and data processing support. Additionally, the company's stock has skyrocketed over 2,000% year-to-date, reflecting the fervent speculation surrounding quantum computing plays.
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