Quantum Computing Inc. (QUBT) saw its stock price surge by 6.53% in the pre-market trading session on Monday. This significant upward movement comes amid a broader rally in quantum computing stocks, fueled by recent advancements and increased attention from Wall Street analysts.
The surge in QUBT's share price can be attributed to the growing excitement surrounding the quantum computing industry. Several factors have contributed to this renewed interest, including the unveiling of Google's "mind-boggling" quantum computing chip, Willow, and Amazon Web Services' announcement of its Quantum Embark Program.
Additionally, Quantum Computing Inc. itself secured a contract from NASA, further fueling investor confidence in the company's prospects. Wall Street analysts have also started to initiate coverage on quantum computing stocks, with many issuing bullish ratings and price targets, reflecting the industry's potential for rapid growth.
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