Shares of Quantum Computing Inc. (QUBT) soared 10.37% in pre-market trading on Wednesday, as investors continued to pour into quantum computing stocks amid growing optimism around the sector.

The surge in QUBT stock comes as part of a broader rally in quantum computing companies, fueled by several positive developments in the industry:

• Tech giants like Amazon and Nvidia are increasing their investment and expanding applications in quantum computing technology. Amazon recently launched its Quantum Embark program to help enterprises prepare for the quantum computing era, while Nvidia announced a collaboration with Google Quantum AI to simulate quantum devices on its supercomputers.
• Strong corporate earnings from leading quantum computing companies like IonQ, which exceeded revenue expectations and raised its guidance for the year. IonQ also unveiled several new partnerships and client wins.
• Quantum Corp achieved profitability in Q2, reporting adjusted EBITDA breakeven and reduced operating expenses.
• Rigetti Computing, a rival quantum computing firm, successfully raised $100 million in a recent stock offering.

The positive news flow surrounding the quantum computing industry has fueled investor optimism and driven a significant rally in quantum computing stocks over the past few weeks, with several companies like QMCO, RGTI, and QBTS also seeing double-digit gains.