Quantum Computing Inc. (NASDAQ: QUBT) saw its stock surge by 25% this week, fueled by a powerful combination of bullish options activity, promising technical signals, and fresh optimism in the quantum tech space. The rally marks a dramatic turnaround for a company that traded under $1 just a year ago.
Traders took notice as QUBT stock broke out of a multi-month rectangle pattern—often seen as a bullish signal in technical analysis. Volume spiked to its highest level since December, reinforcing momentum behind the move. Key resistance lies at $27, with potential upside stretching toward $37.50, analysts say. On the downside, support sits near $15 and deeper at $9 if sentiment shifts.
In the options market, QUBT is also drawing unusual interest. Over 27,000 call contracts were traded, nearly double the expected volume. Implied volatility jumped more than 15 points to 133.94%, a sign of heightened expectations ahead of the company’s earnings report on August 14. Popular strikes include the June 2025 $19 and $20 calls.
On the business side, Quantum Computing continues to make progress. The company recently completed its Quantum Photonic Chip Foundry in Tempe, Arizona—an infrastructure move aimed at scaling production and meeting growing demand. Additionally, new contracts with NASA and Canadian research institutes show the company’s expanding footprint in government and scientific sectors.
Financially, the company reported Q1 2025 revenue of $39,000, up from $27,000 a year earlier. However, the gross margin dipped to 33%, and operating expenses climbed to $8.3 million. Still, the firm posted a net income of $17 million, reflecting improved cost management and stronger capitalization, including $166 million in cash reserves.
While the company remains in the early stages of revenue development, Wall Street sentiment is warming. One analyst has set a 12-month price target of $22, projecting upside of 14% from current levels. The stock is rated “Outperform,” though other valuation models suggest caution, with GuruFocus estimating a much lower fair value.
Market excitement was also stoked by Nvidia CEO Jensen Huang’s recent comments on quantum computing. Describing the industry as reaching an “inflection point,” Huang’s remarks sent a ripple effect across the sector, positioning QUBT as a beneficiary of rising investor interest in next-gen computing technologies.
As Quantum Computing moves forward, both its technology and momentum in the market suggest a company at the cusp of transformation. Investors will be watching closely to see if the fundamentals catch up with the hype in the months ahead.