Quantum Computing Inc (QUBT) shares surged by 31.6% to $22.09 during Wednesday’s session, following the company’s announcement of a prime contract with NASA. The deal involves using Quantum Computing’s Dirac-3 machine for advanced imaging challenges.
The contract, awarded by NASA’s Goddard Space Flight Center, aims to improve image quality and accuracy through quantum optimization capabilities. CEO William McGann expressed pride in supporting NASA’s mission to process vast imaging data efficiently.
Dirac-3 will tackle a complex phase unwrapping issue for reconstructing images and extracting radar-generated interferometric data. The project will compare Dirac-3’s quantum optimization capabilities with classical algorithms.
Investors can gain access to QUBT shares through various means, including brokerage platforms, ETFs, or allocating themselves to a 401(k) strategy that invests in mutual funds. Quantum Computing operates in the Information Technology sector, allowing investors to track trends in this segment.
QUBT has experienced price fluctuations over the past year, with a 52-week high and low of $X and $Y, respectively.
Source: https://www.benzinga.com/news/24/12/42554980/whats-going-on-with-quantum-computing-qubt-stock