Quantum Computing Inc. (QUBT) stock surged 18.33% in Tuesday's pre-market trading, rebounding from a steep selloff the previous day as investors grappled with the uncertain future of quantum computing technology.
The rally in QUBT shares comes amidst a broader wave of volatility sweeping quantum computing stocks. On Monday, the sector was battered after Meta Platforms CEO Mark Zuckerberg cautioned that practical applications of quantum computing were likely still years away, echoing similar comments from Nvidia CEO Jensen Huang last week.
Despite the skepticism from tech industry leaders, quantum computing stocks have soared in recent months, fueled by optimism around the technology's potential to revolutionize fields like artificial intelligence and cryptography. News of breakthroughs like Google's new quantum chip dubbed "Willow" have further stoked investor enthusiasm.
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