Quantum Computing Inc. (QUBT) shares are experiencing a significant surge today, driven by a combination of favorable market conditions and company-specific developments. The broader market is buoyant, with major indices like the Nasdaq, S&P 500, and Dow Jones each climbing around 2% following the release of soft inflation data, which has helped ease investor concerns over the Federal Reserve's recent hawkish stance. This positive macroeconomic backdrop is providing a tailwind for QUBT's stock.
In addition to the supportive market environment, Quantum Computing Inc. has recently secured a prime contract with NASA to utilize its Dirac-3 technology for advanced imaging and data processing. This contract, awarded by NASA's Goddard Space Flight Center, is a significant endorsement of the company's capabilities and has likely contributed to the stock's upward momentum. The announcement of this contract earlier in the week has already led to a substantial rally in QUBT shares, which have climbed over 450% in the past month.
QUBT shares are currently trading at $17.57, marking a 16.02% increase from the previous close of $15.14 and a 21.39% rise from the opening price of $14.47.