Shares Of This Tech Stock Found Mid-Week Success Following Chip Order Announcement

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Wednesday, November 13, 2024

Big news out of Virginia this morning as a tech company based out of there is absolutely ripping to as we continue through this week’s trade. Today’s move came on the news that the company secured its first chip order, which it said underscores the growing global demand for its technologies, according to a release this morning.

Traders were quick to buy up shares of Quantum Computing Inc. (Nasdaq:QUBT) following the announcement, pushing shares of this small cap as high as $3.42/share (+147.83%) at the easrly session high. This sets a new 52-week high and appears that this stock has plenty of room to run based on historical peaks.

Quantum Computing Inc. (QCi), a first-to-market nanophotonic-based quantum technology company offers real-world, affordable commercial applications. QCi delivers democratized quantum solutions at greater speed and accuracy, at room temperatures, with little training, low power and no unique environmental requirements. QCi's leverages its core technology throughout its product offerings of computing, sensing and imaging solutions. QCi's entropy computer, the Dirac, delivers solutions for binary (11,000+ qubits) and integer (1000+ qudits) optimization problems, the highest number of variables and problem size available in quantum computing today. QCi's quantum applications include Reservoir Photonic Computer (AI), cybersecurity, imaging, sensing (LiDAR), and QRNG products.

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