Why Quantum Computing Inc. Stock Soared a Whopping 1,713% in 2024

Shares of Quantum Computing Inc. (NASDAQ: QUBT) soared 1,713% last year, according to data from S&P Global Market Intelligence. As the name suggests, this is a quantum computing start-up that has benefited from the major run in this industry niche in the latter half of 2024. With the artificial intelligence (AI) bull market in full swing and recent quantum computing breakthroughs putting the technology in the limelight, investors have been all over Quantum Computing Inc. in recent months.Here's why the stock soared over 1,000% in 2024.Quantum computing is an innovative way to build a computer that researchers have been trying to perfect for decades. Using the mysterious properties of quantum mechanics, quantum computers promise to make a leap forward in computer processing capabilities and help companies solve extremely complex problems that are virtually unsolvable with normal computers. With the rising computing costs of AI tools from the likes of OpenAI and big technology companies, attention has been drawn to the potential of quantum computing once again.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool