Quantum Computing Inc. (QUBT) shares are experiencing a significant rise today, driven by the company's recent announcement of receiving a second purchase order for its thin film lithium niobate (TFLN) photonic chip foundry from the University of Texas at Austin. This order is part of QCi Foundry's pilot launch program and is expected to support the university's research efforts in chip-scale acoustic and cross-domain microsystems. The collaboration underscores the growing recognition of TFLN's versatility and its potential impact on future telecom, datacom, and quantum markets. This development highlights the expanding capabilities and commercial viability of QCi's technology, which is designed to meet the increasing demand for advanced signal processing and computing applications.
Quantum Computing Inc. (QUBT) shares are up 17.08% to $7.85 as of 10:00 am on Monday, compared to its previous close of $6.71 and 10.56% higher than its open price of $7.10.