Quantum Computing (QUBT) Soars 10.87% After Joining 2 Russell Indices

We recently published As Wall Street Roars, These 10 Stocks Outshine. Quantum Computing Inc. (NASDAQ:QUBT) is one of last week’s top performers.

Quantum Computing extended its winning streak to a third consecutive day on Monday, jumping 10.87 percent to close at $19.17 apiece following its official addition to two of the Russell indices.

Effective on Monday, Quantum Computing Inc. (NASDAQ:QUBT) became an official component of the Russell 3000 Index and the small-cap Russell 2000 Index following the annual rebalancing held on May 23, 2025.

The Russell 3000 Index includes the largest 3,000 US public companies by market capitalization, while the Russell 2000 Index is a subset of the broader Russell 3000 Index limited to small-cap companies. Both indices are reconstituted annually by re-ranking companies based on total market capitalization as of the reconstitution rank date, which was April 30, 2025, this year.

Commenting on its inclusion earlier, Quantum Computing Inc. (NASDAQ:QUBT) said it was pleased to join the Russell 3000 and 2000 indices, marking a meaningful milestone in its growth.

Quantum Computing (QUBT) Soars 10.87% After Joining 2 Russell Indices

A data analyst pouring over a chart, the intricacies of its lines being revealed.

“This inclusion expands our visibility among a broader pool of institutional investors and index funds and reflects the progress we’ve made in strengthening our financial foundation while advancing quantum technologies with real-world applications,” it said.

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 have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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

Disclosure: None. This article is originally published at Insider Monkey.