Quantum Computing Inc. (QUBT) has seen its shares surge 175.7% over the past three months, driven by strategic initiatives towards commercialization and operational milestones. As of the first quarter of 2025, the company appointed Dr. Yuping Huang as interim CEO, aiming to enhance its quantum technology market reach.
In Q1, QUBT completed its Quantum Photonic Chip Foundry in Tempe, which allows in-house production of thin-film lithium niobate circuits. The company has secured its fifth customer order and is working on plans for a second fabrication facility, expecting revenue acceleration in 2026 as demand increases.
Amidst this, competitors like D-Wave Quantum (QBTS) reported a 509% year-over-year revenue increase and IonQ (IONQ) is advancing in trapped-ion quantum computing through significant acquisitions. Currently, QUBT trades 2.3% above its average Zacks price target, reflecting potential limited upside.
