Why is QUBT Stock up 400%? Is Quantum Computing Inc. Still Worth Buying? [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
The stock has gone from trading around $0.71 to over $3.8 as of writing. Investors are clearly excited about QUBT's triple-digit revenue growth and major contracts with high-profile customers like NASA and Johns Hopkins. But with the stock now trading at nose-bleed levels, is it too late to jump on the QUBT bandwagon? Or is there still room for this rocket ship to keep soaring? Let's find out. It's important to understand the massive opportunity in quantum computing first. The recent AI boom has been straining traditional supply chains for semiconductors and quantum computing is the obvious next step as transistors can only get so small. They're already approaching their limits, so it makes sense why investors are piling into QUBT stock. According to Fortune Business Insights, the global quantum computing market was worth $1.2 billion in 2024 and is projected to reach $12.6 billion by 2032. That's a compound annual growth rate of nearly 35% . It's a gold rush, and everyone wants a
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