Quantum Computing Inc. (NASDAQ:QUBT) has made headlines after its share price surged nearly 23% to over $20.6 in a single session. The company’s recent announcement of a prime contract with NASA’s Goddard Space Flight Center has sent shockwaves through the market.
The partnership involves Quantum Computing’s entropy quantum optimization machine, Dirac-3, which will be used to tackle some of NASA’s most challenging imaging and data processing problems. Specifically, Dirac-3 is designed to crack the notoriously difficult phase unwrapping problem, a crucial step in reconstructing radar-generated images with precision.
NASA plans to test Dirac-3 against classical algorithms to determine which delivers better results faster. Quantum Computing CEO Dr. William McGann sees this partnership as a “pivotal moment” for both companies, marking a significant step forward in imaging efficiency.
The deal has been met with enthusiasm from investors, who have seen the company’s share price increase by over 2,140% this year. While the financial details of the contract remain under wraps, the market sees this as a vote of confidence in Quantum Computing’s technology and its potential for future breakthroughs.
Source: https://finance.yahoo.com/news/quantum-computing-skyrockets-2-140-153707742.html