Shares of Quantum Computing Inc. (QUBT) soared 12.58% in the pre-market trading on Tuesday, following a broad rally in quantum computing stocks after a steep sell-off in the previous session.
The rally came as investors sought to capitalize on the oversold conditions in the quantum computing sector, which was battered on Monday after Meta Platforms CEO Mark Zuckerberg cautioned that practical applications of the technology are likely still years away.
Zuckerberg's comments reinforced recent remarks from Nvidia CEO Jensen Huang, who suggested that practical quantum computing systems are 15 to 30 years away from being realized. The news had sparked a sell-off in quantum computing stocks on Monday, following a strong performance in 2024 fueled by optimism surrounding the industry's potential.
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