Quantum Computing Inc. (QUBT) shares are experiencing a significant surge following the announcement of a major contract with NASA's Goddard Space Flight Center. The contract involves the application of Quantum Computing's Dirac-3 technology to address complex imaging challenges, specifically phase unwrapping for radar-generated interferometric data. This development has placed the company in a favorable position, highlighting its quantum optimization capabilities and boosting investor confidence. Additionally, the company's inclusion in Amazon's Quantum Embark Program and a second purchase order from the University of Texas for their photonic chip foundry have further fueled market enthusiasm.
The stock is currently trading at $23.91, marking a 42.41% increase from its previous close of $16.79. The stock opened at $19.23 and has seen a 24.34% rise from the opening price.