Stock Track | Quantum Computing Inc. Soars 14.11% as Microsoft Pushes 'Quantum-Ready' Agenda, Fueling Rally in Sector

Stock Track
16 Jan

Shares of Quantum Computing Inc. (QUBT) soared 14.11% in pre-market trading on Wednesday, as the quantum computing sector regained ground after a recent sell-off. The surge was fueled by Microsoft's proclamation that 2025 is the year for businesses to become "quantum-ready," signaling a breakthrough in practical quantum applications on the horizon.

In a blog post on Tuesday, Microsoft unveiled its new "Quantum Ready" program designed to help business leaders understand and harness the potential of quantum computing. The tech giant announced plans for one-on-one workshops, industry forums, and tools to build hybrid quantum-classical applications, invest in quantum skills training, focus on quantum security, and prepare for large-scale quantum adoption.

The positive stance from Microsoft helped offset recent bearish comments from executives like Nvidia's Jensen Huang, who had claimed "very useful quantum computers" could still be 15 to 30 years away. Meta CEO Mark Zuckerberg had also echoed skepticism, sending quantum stocks tumbling last week.

However, Microsoft's show of support reignited optimism in the sector, with Quantum Computing Inc. joining the rally alongside other quantum players like IonQ, Rigetti Computing, and D-Wave Quantum. Beyond Microsoft's program, the sector has seen a flurry of recent developments, including Nvidia announcing its first Quantum Day at the upcoming GTC 2025 event and D-Wave partnering with Carahsoft to boost quantum adoption in the U.S. government.

As the first mover in entropy quantum computing with its Dirac-3 system, Quantum Computing Inc. also announced a collaboration with Sanders Tri-Institutional Therapeutics Discovery Institute to support computational biomedicine research using its quantum machines. Such real-world use cases underscore the pragmatic progress being made in the field despite naysayers.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10