Quantum Computing Inc. (QUBT) has seen a significant decline in its stock price, with no specific news provided to explain the movement. However, discussions on Reddit suggest a broader skepticism about the company's fundamentals and the quantum computing sector's recent volatility. Some users on r/wallstreetbets and other forums have labeled QUBT as a "scam," pointing to its history as a former beverage company and its lack of substantial earnings. One user commented, "They have zero expertise in the highly technical and complicated field of quantum computing," while another noted, "QUBT is a literal scam."
The sentiment on Reddit reflects a mix of skepticism and cautious optimism about the future of quantum stocks. Some users believe the recent downturn is a correction after a speculative run-up, with one stating, "All these are pump and dumps. The pump has finished and now they're dumping on you." Others, however, see potential in the sector, with comments like, "Quantum has so much potential but it's so early, a lot of the tickers won't survive but the ones that do will have huge gains." Despite the mixed views, the consensus seems to be that the quantum computing industry is still in its infancy, and significant advancements are needed before these stocks can be considered stable investments.
As of the current timestamp, Quantum Computing Inc. (QUBT) is trading at $13.01, reflecting a 14.07% decrease from the previous close of $15.14.