Why Did Quantum Computing Stock Pop Today?
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By Rich Smith – Feb 25, 2026 at 1:08PM ESTKey PointsInvestors bid up Quantum Computing stock on little news Wednesday.A new quantum start-up called IQM is getting ready to go public at a far cheaper valuation than Quantum Computing.We’re bullish on these 10 stocks ›NASDAQ: QUBTQuantum ComputingMarket Cap$1.8BToday's Changeangle-down(9.06%) $0.73Current Price$8.85Price as of February 25, 2026 at 1:51 PM ETIf IQM is worth only 50 times sales, why are investors paying 3,600 times sales for Quantum Computing stock?Shares of eponymous quantum computing company Quantum Computing Inc. (QUBT +9.06%) soared 8% through 12:45 p.m. ET Wednesday. And why? That's not entirely clear. So far as I can tell, there's no significant quantum stock news concerning Quantum Computing stock today, nor concerning quantum stocks in general -- at least not here in the U.S. Overseas, on the other hand, a quantum start-up called IQM just announced it will become Europe's first publicly listed quantum computing stock. Image source: Getty Images. Who is IQM? As CNBC reports this morning, IQM is based in Finland -- but plans to list its stock on the NYSE. IQM will go public in a SPAC transaction, with special purpose acquisition vehicle Real Asset Acquisition Corp (RAAQ +0.66%) doing the honors by buying IQM and reverse-merging the start-up into its own, already-listed stock. The companies say they anticipate a valuation of $1.8 billion for IQM. Relative to the company's $35 million in annual revenue, that works out to a 51.4 price-to-sales ratio. ExpandNASDAQ: QUBTQuantum ComputingToday's Change(9.06%) $0.73Current Price$8.85Key Data PointsMarket Cap$1.8BDay's Range$8.10 - $8.9352wk Range$4.37 - $25.84Volume443KAvg Vol16MGross Margin-77783.88% What it means for Quantum Computing stock But is any of this relevant to Quantum Computing stock? Perhaps -- but not in a way that's going to make Quantum Computing stock owners happy. According to data from S&P Global Market Intelligence, Quantum Computing had a grand total of $546,000 in sales over the last 12 months, yet carries a market capitalization value of $1.8 billion. That's a P/S ratio of more than 3,600. If given the same price-to-sales valuation that IQM is getting, though, Quantum Computing stock would only be worth $28 million. If anything, Quantum Computing stock should be going down today -- not up.Read NextFeb 15, 2026 •By Johnny RiceIs Quantum Computing Stock Going to $0?Jan 25, 2026 •By Rich SmithPrediction: This Quantum Computing Stock Will Skyrocket in 2026Jan 25, 2026 •By Lyle DalyHere's Why I Wouldn't Touch Quantum Computing Stock With a 10-Foot PoleJan 23, 2026 •By Leo SunForget Quantum Computing Stock: Buy This Dividend‑Paying Quantum Pioneer, And Never SellJan 18, 2026 •By Keith NoonanWhy Quantum Computing Stock Plummeted 38% Last Year but Is Soaring in 2026Jan 3, 2026 •By Chris NeigerPrediction: Where Quantum Computing Inc. Will Be in 3 YearsAbout the AuthorRich Smith is a contributing Motley Fool defense and stock market analyst covering publicly traded and emerging companies in defense, space, aerospace, and other sectors. Prior to The Motley Fool, Rich practiced international corporate law for Clifford Chance in Russia, and for the Russian-Ukrainian Legal Group in Moscow, Kyiv, and Washington, D.C. He holds a bachelor’s degree in international relations from the College of William & Mary, a law degree from the University of Baltimore, and a language certification from the International Institute of Russian Language & Culture in Tver, Russian Federation. The Globe and Mail once featured him as “one of the best stock pickers since 2009.”TMFDittyX@RichSmithFoolStocks MentionedQuantum ComputingNASDAQ: QUBT$8.85 (+9.06%) $+0.73Real Asset Acquisition Corp.NASDAQ: RAAQ$10.61 (+0.66%) $+0.07*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.