By Katherine Hamilton
Quantum Computing shares climbed Tuesday morning after the company said it was awarded a contract with NASA to push forward quantum optimization at the national space agency.
Shares gained 27% to $14.05. The stock is up nearly 2,000% over the last three months.
Through the agreement, Quantum will apply its Dirac-3 product, which is an entropy quantum optimization machine, to support NASA's imagining and data processing. Dirac-3 reconstructs images and extracts information from interferometric data, which will ultimately enhance data quality and accuracy for NASA, Quantum said.
The technology company said the contract will help showcase Quantum's capabilities. If successful, the project is expected to have long-term benefits for NASA, Quantum said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
December 17, 2024 10:16 ET (15:16 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。