SEALSQ Corp (NASDAQ: LAES) is experiencing a significant surge in its stock price following the company's announcement of its advancements in quantum-resistant technology. On December 23, 2024, SEALSQ revealed its progress in developing solutions to counter the potential threats posed by quantum computing, particularly through its QUASARS project. This initiative focuses on Post-Quantum Cryptography (PQC) and aims to secure critical systems such as the Internet of Things (IoT) and blockchain networks. The announcement highlighted the company's commitment to ensuring that systems like Bitcoin remain secure against quantum threats, which has likely fueled investor optimism.
The stock of SEALSQ Corp is currently trading at $3.59, marking a 30.51% increase from its previous close of $2.75.