QUBT Stock: Quantum Computing Inc (NASDAQ: QUBT) saw its stock skyrocket by 27.30% on Wednesday, closing at $19.26, as investor enthusiasm around next-generation computing and AI-related tech continues to intensify. The surge added over $500 million to the company’s market cap, now standing at $2.71 billion.
The stock opened at $17.10 and hit an intraday high of $20.91, reflecting growing confidence in Quantum Computing Inc’s position in the emerging quantum technology space. This rally marks a staggering rebound for the stock, which had traded as low as $0.35 within the past 52 weeks. It now sits just below its yearly high of $27.15.
While the company has yet to post profits and carries no dividend, the sharp move suggests speculative momentum is returning to small-cap tech names, particularly those tied to AI infrastructure and quantum solutions. Traders and tech-focused funds appear to be rotating back into high-growth potential names after a period of broader tech market consolidation.
With no earnings yet reported, the company’s valuation remains difficult to assess using traditional metrics, but its narrative appeal amid rising global interest in quantum computing is undeniable. Wednesday’s rally could set the stage for a breakout if QUBT continues to attract institutional attention in the coming sessions