We recently compiled a list of the 5 Quantum Computing Stocks Challenging Jensen Huang’s Stance. In this article, we are going to take a look at where Quantum Computing Inc. (NASDAQ:QUBT) stands against the other quantum computing stocks.
At the CES 2025, Nvidia CEO Jensen Huang claimed useful Quantum Computing was at least 15 years away. This caused the stock prices of many quantum computing stocks to crash considerably. Considering Jensen Huang’s industry-leading position, the public’s reaction was natural. However, since then, multiple quantum computing firms have disapproved of those remarks, claiming they are building commercially useful quantum computers today!
For context, quantum computing stocks recently took off and enjoyed gains as high as 1000%. Google’s progress on the Willow chip in December also supported this optimism, a moment that could well define the start of the quantum computing era.
We compiled a list of quantum computing stocks challenging Jensen Huang’s stance. To come up with the list, we considered stocks with a market cap of at least $200 million.
A data analyst pouring over a chart, the intricacies of its lines being revealed.
Quantum Computing Inc. (NASDAQ:QUBT)
Quantum Computing Inc. (NASDAQ:QUBT) stock is trading up 33% just after market open. The stock is surging just like the rest of the sector. Quantum Computing Inc. works in quantum optics and nanophotonics technology. The optics deal with the analysis of the relationship between light and matter at a quantum level whereas the nanophotonic technology studies the interaction between the two at the nanoscale.
These technologies may not have been perfected yet, but their real-world uses are quite impressive. They can help with things like precision measurement and secure transfer of information. The company also collaborates with NASA to help with climate exchange monitoring and has a strong relationship with the US Department of Defense, which aims to use the company’s quantum technologies for defense purposes.
Overall QUBT ranks 4th on our list of the quantum computing stocks challenging Jensen Huang’s Stance. While we acknowledge the potential of QUBT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as QUBT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article was originally published at Insider Monkey.
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