Why Did Quantum Computing Stock Pop Today? - Yahoo Finance
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Shares of eponymous quantum computing company Quantum Computing Inc. (QUBT 7.08%) 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 +0.28%) doing the honors by buying IQM and reverse-merging the start-up into its own, already-listed stock.
Ad Pay No Interest for Nearly 2 Years This card offers one of the longest intro APR periods available today — and it could save you more than $2,000 in interest payments. Apply in minutes > 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. CollapseQUBTNASDAQ: QUBTQuantum ComputingToday's Change(-7.08%) $-0.64Current Price$8.40QUBTYTD1w1m3m6m1y5yPriceVS S&PKey Data PointsMarket Cap$1.9BDay's Range$8.12 - $8.7952wk Range$4.37 - $25.84Volume363KAvg 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. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor’s total average return is 941%* — a market-crushing outperformance compared to 194% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks › *Stock Advisor returns as of February 28, 2026. 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.