Quantum Computing Inc. (QUBT) stock soared 19.43% in pre-market trading on Monday, building upon its impressive 18.11% gain over the previous 24-hour period. This significant upward movement comes as part of a broader rally in the quantum computing sector, signaling strong investor interest in this cutting-edge technology.
The quantum computing sector as a whole experienced notable gains in overnight trading. While QUBT led the pack with its substantial increase, other quantum-related stocks also performed well. SEALSQ saw a rise of over 7%, while IONQ and D-Wave Quantum both climbed around 2%. This sector-wide movement suggests growing optimism about the potential of quantum computing technologies and their future applications.
The rally in quantum computing stocks is occurring against a backdrop of general strength in the technology sector. Major tech companies like Alphabet and Micron Technologies saw significant gains, up over 6% and 3% respectively. Additionally, Nvidia-linked shares and Chinese ADRs also performed well, indicating a broadly positive sentiment in the tech market. This overall bullish trend in the tech industry may be contributing to the increased interest and investment in more specialized sectors like quantum computing.