10 Hot Stocks Sparking Buying Frenzy

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1. BTQ Technologies Corp. (NASDAQ:BTQ)

BTQ Technologies soared to a new all-time high on Tuesday, jumping 51.54 percent to finish at $13.79 apiece as investors cheered the inclusion of two key executives expected to help support the company’s quantum computing plans.

During the session, BTQ Technologies Corp. (NASDAQ:BTQ) soared to its highest price of $14.38 before trimming gains to end the day up 51.54 percent at $13.79 apiece, following news that Sean Hackett and Zach Belateche—founders of Radical Semiconductor, which the former earlier acquired—have officially joined the company full-time.

BTQ Technologies Corp. (NASDAQ:BTQ) said that Hackett and Belateche would support the acceleration of its post-quantum commercialization efforts, as it aims to gain a foothold in the rapidly expanding quantum computing sector.

The executives’ twin appointments followed comments from Eric Jackson, investor and founder of EMJ Capital, that BTQ Technologies Corp. (NASDAQ:BTQ) is currently undervalued as compared with its largest competitor, Quantum Computing Inc. (NASDAQ:QUBT), whose market capitalization currently stands at $4 billion versus BTQ’s nearly $2 billion.

According to Jackson, BTQ Technologies Corp. (NASDAQ:BTQ) is currently undervalued despite “arguably having fewer patents, employees, and near-term revenue prospects.”

While we acknowledge the potential of BTQ to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BTQ and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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