Quantum Computing Inc. (QUBT) is experiencing a notable pre-market rise following the announcement of a significant contract with NASA's Goddard Space Flight Center. The company has been selected to apply its Dirac-3 entropy quantum optimization machine for phase unwrapping in interferometric data processing. This project aims to enhance NASA's imaging reconstruction and data processing capabilities, potentially offering long-term benefits in big-data processing and expanding the use of quantum solutions in various applications.
The contract highlights Quantum Computing Inc.'s growing influence in the quantum technology sector, as it continues to secure high-profile partnerships. The company's technology is expected to improve solution quality and computational speed compared to traditional methods, which could further solidify its position as a leader in the field.
Quantum Computing Inc.'s stock is currently priced at $11.91, reflecting a 7.45% increase from its previous close of $11.08.