Quantum Computing (QUBT) Soars Anew on Bullish Outlook

Quantum Computing Inc. (NASDAQ:QUBT) is one of the 10 Stocks Post Jaw-Dropping Gains.

Quantum Computing jumped by 27.22 percent on Monday to close at $21.22 apiece as investors continued to snap up shares following Nvidia Corp. CEO Jensen Huang’s optimistic comments on quantum computers.

In his keynote speech at a conference in Paris recently, Huang said that the application of quantum computers in areas that can solve interesting problems is now within reach.

“This is a really exciting time,” he noted.

Earlier this year, Huang walked back his comment that the practical use of quantum computers is only 15 to 30 years away.

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

Last week, Ascendiant Capital Markets reaffirmed its “buy” recommendation on Quantum Computing Inc.’s (NASDAQ:QUBT) stock, while raising its price target to $22 from $14 previously.

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.