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QUBT Stock today: Quantum Computing is making waves in the quantum tech sector, with its stock surging 23% on Friday. The company’s growth is fueled by strategic partnerships and new government contracts that highlight its expanding role in cutting-edge quantum solutions, as per a report.QUBT Stock Soars 23% on NASA and NIST ContractsDuring the second quarter, QUBT secured a subcontract worth up to $406,478 to support NASA’s Langley Research Center, as per a Zacks report. The project focuses on using QUBT’s Dirac-3 quantum computer to develop advanced techniques for removing solar noise from space-based LIDAR data, a long-standing challenge that has limited NASA’s ability to conduct accurate daytime atmospheric sensing, as per a report. This work aims to reduce the size, weight, and power needs of NASA’s missions, reinforcing Quantum Computing’s reputation as a trusted partner in solving real-world scientific problems, as per the Zacks report.ALSO READ: Disney Cruise Line offer: How to get 40% off on Disney Dream, Wish, Fantasy & Magic sailings ?Shortly after, QUBT landed its first direct government contract for its thin-film lithium niobate (TFLN) photonic integrated circuits (PICs) with the National Institute of Standards and Technology (NIST), as reported by Zacks. Live EventsThis contract taps into the company’s advanced prototyping and foundry services to design and fabricate mission-critical photonic components, emphasizing low optical-loss waveguides, high-performance modulators, and narrow-band filters, as per the report. This deal marks a significant step toward positioning Quantum Computing as a leading US-based supplier of next-generation photonic technologies, as per the Zacks report.ALSO READ: Chemistry’s holy grail in sight — scientists reveal path toward elusive element 120Peer Companies Also Gain Ground in Quantum SectorThe company’s recent momentum comes amid broader excitement in the quantum space, with peers like IonQ signing deals with the US Department of Energy to advance quantum tech in space, and Rigetti Computing securing a $5.8 million contract with the Air Force Research Laboratory for quantum networking projects, as per the Zacks report.Analysts Caution on Quantum Computing Valuation Despite GrowthDespite the impressive growth, QUBT’s stock trades at an extremely high valuation, with a forward price-to-sales ratio of over 2400 times, far exceeding the industry average of around 5.5. Analysts remain cautious, assigning the stock a Zacks Rank #4 (Sell), and projecting a loss per share estimate of 17 cents for 2025, as reported by Zacks.FAQsWhy did QUBT stock rise today?Because the company secured major government contracts with NASA and NIST, boosting investor confidence.What is QUBT doing with NASA?They’re using quantum tech to help NASA remove solar noise from LIDAR data for better daytime atmospheric sensing.Add as a Reliable and Trusted News Source Add Now!
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