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Knightly
2025-01-24
Believe it or not Quantum is the next big wave. It is just a matter of time. Vast majority of governments globally are invested into Quantum and preparing for it
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Knightly
2025-01-22
$Quantum Computing Inc.(QUBT)$
$Quantum Computing Inc.(QUBT)$
Knightly
2025-01-22
$Rigetti Computing(RGTI)$
$Rigetti Computing(RGTI)$
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It is just a matter of time. Vast majority of governments globally are invested into Quantum and preparing for it","listText":"Believe it or not Quantum is the next big wave. It is just a matter of time. Vast majority of governments globally are invested into Quantum and preparing for it","text":"Believe it or not Quantum is the next big wave. It is just a matter of time. Vast majority of governments globally are invested into Quantum and preparing for it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/396042103669272","repostId":"1116329706","repostType":2,"repost":{"id":"1116329706","kind":"news","pubTimestamp":1737619650,"share":"https://ttm.financial/m/news/1116329706?lang=en_US&edition=fundamental","pubTime":"2025-01-23 16:07","market":"us","language":"en","title":"Quantum Hype Or Reality? Inside The Frenzy Over Quantum Computing Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1116329706","media":"Seeking Alpha","summary":"SummaryQuantum Computing stock has surged amid the quantum computing hype but faces skepticism due to its track record.Quantum computing offers immense potential in AI and drug discovery, with market ","content":"<html><head></head><body><h2 id=\"id_1434737157\">Summary</h2><ul style=\"\"><li><p>Quantum Computing stock has surged amid the quantum computing hype but faces skepticism due to its track record.</p></li><li><p>Quantum computing offers immense potential in AI and drug discovery, with market predictions showing explosive growth, yet practical applications remain years away.</p></li><li><p>QUBT's novel entropy-based approach and photonics technology are intriguing but unproven, with concerns over its business pivots.</p></li><li><p>Despite recent stock volatility and dilution, QUBT's trading volume remains strong, suggesting continued interest, but caution is advised given the uncertainties.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d1f5e2ced5136ed2f782b4f62a66f935\" alt=\"adventtr\" title=\"adventtr\" tg-width=\"750\" tg-height=\"422\"/><span>adventtr</span></p><h2 id=\"id_3864460840\">Elevator Thesis</h2><p>The stock market has been buzzing over quantum computing, so I felt it was the right time to dabble into the space with <strong>Quantum Computing</strong> (NASDAQ:QUBT) stock. Before starting my research, I knew covering the stock would be challenging, but for it to be the toughest one yet was not something I expected. At first glance, it seems like it's on to something huge, especially with its novel take on entropy in space. However, in assessing its track record and the state of the quantum space in general, there’s a lot to feel skeptical about with QUBT’s operation. Nonetheless, it’s also important to consider that the sector’s on fire, and the rising tide lifts all boats situation will play in QUBT’s favor. Also, with the gamification of quantum computing stocks, I feel QUBT stock and its peers will remain relevant for the foreseeable future, despite not having the fundamentals to back up the surge. For now, it's best to wait on the sidelines and monitor key levels before loading up more on the stock.</p><h3 id=\"id_238812539\">Decoding Quantum Computing</h3><p>Quantum computing stocks have taken off over the past month or so on Wall Street, but for many, it's mostly esoteric jargon that's tough to wrap their heads around. Truth be told, I’m not the biggest tech aficionado out there, but having done extensive research on the topic, I must say I’m mighty impressed.</p><p>I guess the best way to get a grip on what it might be is to compare it to classical computers. Classical computers rely on what we call classical bits (0 or 1), using voltage to distinguish between what’s popularly known as ground states. On the flip side, quantum bits can effectively work between ground and excited states (a combination of both 0 and 1), a phenomenon known as ‘ <strong>Superposition</strong>’.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d65a355f3913c041af48cfed4e73612b\" alt=\"The computational power of Quantum Computers: an intuitive guide by Karel Dumon (Medium)\" title=\"The computational power of Quantum Computers: an intuitive guide by Karel Dumon (Medium)\" tg-width=\"640\" tg-height=\"488\"/><span>The computational power of Quantum Computers: an intuitive guide by Karel Dumon (Medium)</span></p><p>Using a chess analogy, imagine you're trying to predict every potential mode your opponent could make in a particular game. With traditional computers, you’ll be looking at more of a sequential analysis, where the computers ploughing through each move at a time. In contrast, if you had a quantum computer doing the same, it could picture all the moves simultaneously, which naturally speeds up the process a ton. To be fair, "a ton" is a massive understatement, considering that Google’s Quantum Willow chip beat the world’s fastest supercomputer by 10 septillion years by solving a complex problem in just five minutes.</p><p>In addition to analyzing multiple potential positions, the computer can also process complex computations in parallel through what’s called ‘ <strong>Entanglement</strong>’. Imagine tossing a couple of coins in the air, and the moment one lands on Heads, the other instantly becomes Tails (and vice versa), communicating instantly.</p><p>Naturally, these elements translate into potentially colossal computational power, with applications ranging from AI to drug discovery. In drug discovery, for instance, quantum computing could enable precise simulations of molecular interactions, streamlining development timelines and costs. In AI and machine learning, you’d have a situation where a wide variety of complex data sets could be interpreted. The sky’s the limit here, which is why you have <em>Fortune Business Insights</em> predicting the market to surge from $1.16 billion last year to $12.62 billion by 2032, at almost a 35% CAGR, while adding more than $1 trillion to the global economy within the next 10 years. Additionally, a <em>SkyQuest</em> report claims that the quantum computing space could jump from $2.33 billion in 2024 to $75.57 billion by 2032, at an explosive 54.46% CAGR.</p><p>I recently watched an interesting video from a popular tech YouTuber, Cleo Abram, who had a fascinating take on the technology. She links quantum computers to boats that should help humanity chart entirely new waters as opposed to classical computers, which she compares to cars traveling on known land. Therefore, they’re not just quicker versions of the computers we have, but are tackling a fundamentally different computational terrain.</p><h3 id=\"id_4236932136\">Tracing the Roots and Mapping the Future of Quantum Tech</h3><p>Quantum computing has picked up the pace over the past decade or so, moving from theoretical research to early-stage commercialization. The 2010s in particular were huge for the sector, with critical milestones including IBM's Quantum Experience (2016) offering cloud access to quantum processors.</p><p>Perhaps a watershed moment for the industry came in 2019 when Google claimed ‘Quantum Supremacy’ with its robust 54-bit qubit system in Sycamore, which could solve a complicated computation in little over three minutes, which would potentially take the fastest supercomputer roughly 10,000 years to crack. However, critics are of the view that supremacy is more of a milestone, with these tasks having little real-world utility.</p><p>In the 2020s, though, we’ve seen things move a lot faster, with multiple startups going public to move the needle for their businesses and for the sector at large. During this time, companies like <strong>Rigetti </strong>(RGTI), <strong>IonQ </strong>(IONQ), Quantum Computing, and a few others went public, aligning with the rapid expansion of related tech verticals. Most recently, we saw Google’s Willow processor making waves, revealing a massive upgrade over its predecessor in Sycamore. A big part of what made Willow stand out was its advancements in quantum error correction, which is often cited as one of the biggest bottlenecks in the development of the industry.</p><p>However, it is important to also take note of the skeptics, with <strong>Nvidia</strong> (NVDA) CEO Jensen Huang taking center stage when he suggested that "very useful" quantum computers could be as far as 30 years away. The comments stopped computing stocks in their tracks, which’d been running hot over the better part of the last couple of months. Huang’s not the only industry expert though who feels skeptical about the technology in its current state. Quantum scientists like John Preskill and Steven Girvin also hold the view that the practical implications of the technology are still a decade or more away at this point.</p><p>On the flipside, we’ve naturally seen a lot of pushbacks from industry bellwethers, like <strong>D-Wave’s</strong> (QBTS) CEO Alan Baratz, who feels that we’re already seeing practical quantum computing applications in niche markets. Nonetheless, there is the sense that something has to give, especially with the way technologies like AI have been progressing over the past couple of years. Given the pace at which AI and other related technologies are moving, quantum computing will continue growing in relevancy.</p><h3 id=\"id_4144672778\">Quantum Computing Stock At A Glance</h3><p>Quantum Computing has been one of the biggest winners of the recent quantum hype cycle, but given the run-up, it's crucial to assess whether it has the substance to support the jump. I guess it will take time for the market to separate the wheat from the chaff, but for now, it's safe to say there's plenty of hype and skepticism surrounding the company.</p><p>At this point, it's best to describe it as a photonics and quantum adjacent business rather than a pure play in the quantum niche. It claims to be offering a flywheel of offerings that cover lithium niobate (TFLN) photonic chips and its flagship Dirac-3 “entropy-based” quantum computer. Additionally, it also produces reservoir computing hardware that can efficiently process data at high speeds while offering remote sensing capabilities.</p><p>At the heart of it all is its novel approach to entropy, which is essentially a physics term used to describe how organized energy is in a particular system. To put things plainly, conventional quantum computers need incredibly low temperatures to keep the qubits coherent. That’s why if you went through the Cleo Abram's video, you would've seen the computer inside of a refrigerator. Nonetheless, maintaining such entropy is remarkably tough, to say the least, but QUBT claims that its Dirac-3 design facilitates a more open design, where it can effectively harness entropy instead of fighting it. This will ultimately reduce the cost and complexity of these state-of-the-art devices, but questions remain on whether QUBT is onto something truly novel or just engaging in wordplay.</p><p>Nevertheless, at this point, there are plenty of variables with QUBT’s business, and its ability to marry photonics technology with quantum principles. CEO William McGann continues to talk up the company's potential and its commercial viability, having offered clarity on the company’s roadmap over the next few years.</p><p>However, QUBT’s track record over the years has been rather inconsistent, initially presenting itself as a quantum software provider with Mukai, its flagship offering for solving optimization challenges. It later rebranded as Qatalyst to appeal to a broader audience, pivoted to photonics hardware and eventually embraced AI. Naturally, this calls into question its aim to capitalize on emerging fads in the tech world.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/134af7473de14615f8b7a16f305a6d27\" alt=\"Shares Outstanding QUBT (Companiesmarketcap.com)\" title=\"Shares Outstanding QUBT (Companiesmarketcap.com)\" tg-width=\"640\" tg-height=\"269\"/><span>Shares Outstanding QUBT (Companiesmarketcap.com)</span></p><p>Make hay while the sun’s still shining, and QUBT has done exactly that, raising over $190 million in gross proceeds since November. The chart above clearly highlights a pattern of ongoing shareholder dilution, with outstanding shares surpassing 93 million. This trend has been particularly pronounced over the past couple of years, where outstanding shares have grown by double-digit margins.</p><h3 id=\"id_3215483751\">Inside the Frenzy: Unraveling the Trading Mania Around Quantum Computing</h3><p>Quantum Computing stock has run hot over the past couple of months, rallying from low single-digits in mid-November to peaking out in the mid-to-upper $20s by late December and early January.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d6fbc3906dfb1002ca4ff8ee2238ed86\" alt=\"Quantum Computing Stock (TrendSpider)\" title=\"Quantum Computing Stock (TrendSpider)\" tg-width=\"640\" tg-height=\"272\"/><span>Quantum Computing Stock (TrendSpider)</span></p><p>From the chart above, we can see that the stock went parabolic in mid-December, gaining almost 700% from mid-November. Moreover, it's important to note that with QUBT having a much smaller market cap and float, its exhibited much larger price swings on lower volumes. These candles may seem like relatively small moves, but many represent double-digit gains or losses, highlighting the stock's extreme volatility. Of late though, we’ve seen the stock surrender a ton of those gains, setting at the $9.83 mark at the time of writing. Also, it's now trailing its 20-day EMA which is around the $12.30 mark, underscoring the drop in value, while trading near its 50-day EMA at around $10. Additionally, we can see that the gap is remarkably wide between the upper Bollinger band nearing $24.78, and the lower band at around $5.55. On the upside, investors will want to monitor the $12 to $15 level, aligning with the Bollinger midpoint and its 20-day EMA.</p><p>An important point to note is that QUBT’s on-balance-volume (OBV) has held up despite the substantial price pullback. I guess it has plenty to do with the residual run-up from the previous rally and perhaps the bigger players loading on the stock on the dip. Nonetheless, the strength in volume is encouraging overall, and could be viewed as a ‘cautious positive’.</p><p>Furthermore, it's also important to note that QUBT stock has a short interest of roughly 15.6% of its float. Also, the off-exchange short volume accounts for roughly 59% of total short trades. In short—no pun intended—there’s plenty of uncertainty, around the stock's near-term performance.</p><h3 id=\"id_46882452\">Risks To Thesis</h3><p>Though it might seem easy to side with Jensen given his heavyweight status in tech, I feel given the dumbfounding pace at which some technologies have been moving at, it's tough to not have a contrarian view. AI and other emerging technologies have surged like wildfire in the past couple of years, with the computational power needed to sustain them growing at an astonishing pace each quarter. Consider this, data centers are likely to triple their energy consumption in the U.S. at the conclusion of the current decade, roughly 13% of the national grid!</p><p>In catering to these wild demands, quantum computing technologies need to scale fast, offering powerful processing power in handling AI-related workloads. No wonder we have governments across the globe, scampering for supremacy in the quantum realm, investing billions in building a competitive advantage. Breakthroughs like the Willow chip have shown the immense promise the technology holds and its long-term impact on a wide variety of sectors.</p><h2 id=\"id_3721744576\">Takeaway On QUBT Stock</h2><p>QUBT stock has been a big winner in the quantum hype cycle and will likely stay relevant. However, the absence of any fundamental catalysts and rapid shareholder dilution throw more weight behind its bear case. Despite the recent pullback in its stock, there’s still plenty of buying pressure that fuels its momentum ahead. All things considered, though, I’m not fully convinced about if the stock is worth picking up and it being among the best quantum stocks over the long term.</p></body></html>","source":"lsy1728464409321","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Quantum Hype Or Reality? Inside The Frenzy Over Quantum Computing Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQuantum Hype Or Reality? Inside The Frenzy Over Quantum Computing Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-23 16:07 GMT+8 <a href=https://seekingalpha.com/article/4751022-quantum-computing-stock-quantum-hype-or-reality><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryQuantum Computing stock has surged amid the quantum computing hype but faces skepticism due to its track record.Quantum computing offers immense potential in AI and drug discovery, with market ...</p>\n\n<a href=\"https://seekingalpha.com/article/4751022-quantum-computing-stock-quantum-hype-or-reality\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QUBT":"Quantum Computing Inc."},"source_url":"https://seekingalpha.com/article/4751022-quantum-computing-stock-quantum-hype-or-reality","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116329706","content_text":"SummaryQuantum Computing stock has surged amid the quantum computing hype but faces skepticism due to its track record.Quantum computing offers immense potential in AI and drug discovery, with market predictions showing explosive growth, yet practical applications remain years away.QUBT's novel entropy-based approach and photonics technology are intriguing but unproven, with concerns over its business pivots.Despite recent stock volatility and dilution, QUBT's trading volume remains strong, suggesting continued interest, but caution is advised given the uncertainties.adventtrElevator ThesisThe stock market has been buzzing over quantum computing, so I felt it was the right time to dabble into the space with Quantum Computing (NASDAQ:QUBT) stock. Before starting my research, I knew covering the stock would be challenging, but for it to be the toughest one yet was not something I expected. At first glance, it seems like it's on to something huge, especially with its novel take on entropy in space. However, in assessing its track record and the state of the quantum space in general, there’s a lot to feel skeptical about with QUBT’s operation. Nonetheless, it’s also important to consider that the sector’s on fire, and the rising tide lifts all boats situation will play in QUBT’s favor. Also, with the gamification of quantum computing stocks, I feel QUBT stock and its peers will remain relevant for the foreseeable future, despite not having the fundamentals to back up the surge. For now, it's best to wait on the sidelines and monitor key levels before loading up more on the stock.Decoding Quantum ComputingQuantum computing stocks have taken off over the past month or so on Wall Street, but for many, it's mostly esoteric jargon that's tough to wrap their heads around. Truth be told, I’m not the biggest tech aficionado out there, but having done extensive research on the topic, I must say I’m mighty impressed.I guess the best way to get a grip on what it might be is to compare it to classical computers. Classical computers rely on what we call classical bits (0 or 1), using voltage to distinguish between what’s popularly known as ground states. On the flip side, quantum bits can effectively work between ground and excited states (a combination of both 0 and 1), a phenomenon known as ‘ Superposition’.The computational power of Quantum Computers: an intuitive guide by Karel Dumon (Medium)Using a chess analogy, imagine you're trying to predict every potential mode your opponent could make in a particular game. With traditional computers, you’ll be looking at more of a sequential analysis, where the computers ploughing through each move at a time. In contrast, if you had a quantum computer doing the same, it could picture all the moves simultaneously, which naturally speeds up the process a ton. To be fair, \"a ton\" is a massive understatement, considering that Google’s Quantum Willow chip beat the world’s fastest supercomputer by 10 septillion years by solving a complex problem in just five minutes.In addition to analyzing multiple potential positions, the computer can also process complex computations in parallel through what’s called ‘ Entanglement’. Imagine tossing a couple of coins in the air, and the moment one lands on Heads, the other instantly becomes Tails (and vice versa), communicating instantly.Naturally, these elements translate into potentially colossal computational power, with applications ranging from AI to drug discovery. In drug discovery, for instance, quantum computing could enable precise simulations of molecular interactions, streamlining development timelines and costs. In AI and machine learning, you’d have a situation where a wide variety of complex data sets could be interpreted. The sky’s the limit here, which is why you have Fortune Business Insights predicting the market to surge from $1.16 billion last year to $12.62 billion by 2032, at almost a 35% CAGR, while adding more than $1 trillion to the global economy within the next 10 years. Additionally, a SkyQuest report claims that the quantum computing space could jump from $2.33 billion in 2024 to $75.57 billion by 2032, at an explosive 54.46% CAGR.I recently watched an interesting video from a popular tech YouTuber, Cleo Abram, who had a fascinating take on the technology. She links quantum computers to boats that should help humanity chart entirely new waters as opposed to classical computers, which she compares to cars traveling on known land. Therefore, they’re not just quicker versions of the computers we have, but are tackling a fundamentally different computational terrain.Tracing the Roots and Mapping the Future of Quantum TechQuantum computing has picked up the pace over the past decade or so, moving from theoretical research to early-stage commercialization. The 2010s in particular were huge for the sector, with critical milestones including IBM's Quantum Experience (2016) offering cloud access to quantum processors.Perhaps a watershed moment for the industry came in 2019 when Google claimed ‘Quantum Supremacy’ with its robust 54-bit qubit system in Sycamore, which could solve a complicated computation in little over three minutes, which would potentially take the fastest supercomputer roughly 10,000 years to crack. However, critics are of the view that supremacy is more of a milestone, with these tasks having little real-world utility.In the 2020s, though, we’ve seen things move a lot faster, with multiple startups going public to move the needle for their businesses and for the sector at large. During this time, companies like Rigetti (RGTI), IonQ (IONQ), Quantum Computing, and a few others went public, aligning with the rapid expansion of related tech verticals. Most recently, we saw Google’s Willow processor making waves, revealing a massive upgrade over its predecessor in Sycamore. A big part of what made Willow stand out was its advancements in quantum error correction, which is often cited as one of the biggest bottlenecks in the development of the industry.However, it is important to also take note of the skeptics, with Nvidia (NVDA) CEO Jensen Huang taking center stage when he suggested that \"very useful\" quantum computers could be as far as 30 years away. The comments stopped computing stocks in their tracks, which’d been running hot over the better part of the last couple of months. Huang’s not the only industry expert though who feels skeptical about the technology in its current state. Quantum scientists like John Preskill and Steven Girvin also hold the view that the practical implications of the technology are still a decade or more away at this point.On the flipside, we’ve naturally seen a lot of pushbacks from industry bellwethers, like D-Wave’s (QBTS) CEO Alan Baratz, who feels that we’re already seeing practical quantum computing applications in niche markets. Nonetheless, there is the sense that something has to give, especially with the way technologies like AI have been progressing over the past couple of years. Given the pace at which AI and other related technologies are moving, quantum computing will continue growing in relevancy.Quantum Computing Stock At A GlanceQuantum Computing has been one of the biggest winners of the recent quantum hype cycle, but given the run-up, it's crucial to assess whether it has the substance to support the jump. I guess it will take time for the market to separate the wheat from the chaff, but for now, it's safe to say there's plenty of hype and skepticism surrounding the company.At this point, it's best to describe it as a photonics and quantum adjacent business rather than a pure play in the quantum niche. It claims to be offering a flywheel of offerings that cover lithium niobate (TFLN) photonic chips and its flagship Dirac-3 “entropy-based” quantum computer. Additionally, it also produces reservoir computing hardware that can efficiently process data at high speeds while offering remote sensing capabilities.At the heart of it all is its novel approach to entropy, which is essentially a physics term used to describe how organized energy is in a particular system. To put things plainly, conventional quantum computers need incredibly low temperatures to keep the qubits coherent. That’s why if you went through the Cleo Abram's video, you would've seen the computer inside of a refrigerator. Nonetheless, maintaining such entropy is remarkably tough, to say the least, but QUBT claims that its Dirac-3 design facilitates a more open design, where it can effectively harness entropy instead of fighting it. This will ultimately reduce the cost and complexity of these state-of-the-art devices, but questions remain on whether QUBT is onto something truly novel or just engaging in wordplay.Nevertheless, at this point, there are plenty of variables with QUBT’s business, and its ability to marry photonics technology with quantum principles. CEO William McGann continues to talk up the company's potential and its commercial viability, having offered clarity on the company’s roadmap over the next few years.However, QUBT’s track record over the years has been rather inconsistent, initially presenting itself as a quantum software provider with Mukai, its flagship offering for solving optimization challenges. It later rebranded as Qatalyst to appeal to a broader audience, pivoted to photonics hardware and eventually embraced AI. Naturally, this calls into question its aim to capitalize on emerging fads in the tech world.Shares Outstanding QUBT (Companiesmarketcap.com)Make hay while the sun’s still shining, and QUBT has done exactly that, raising over $190 million in gross proceeds since November. The chart above clearly highlights a pattern of ongoing shareholder dilution, with outstanding shares surpassing 93 million. This trend has been particularly pronounced over the past couple of years, where outstanding shares have grown by double-digit margins.Inside the Frenzy: Unraveling the Trading Mania Around Quantum ComputingQuantum Computing stock has run hot over the past couple of months, rallying from low single-digits in mid-November to peaking out in the mid-to-upper $20s by late December and early January.Quantum Computing Stock (TrendSpider)From the chart above, we can see that the stock went parabolic in mid-December, gaining almost 700% from mid-November. Moreover, it's important to note that with QUBT having a much smaller market cap and float, its exhibited much larger price swings on lower volumes. These candles may seem like relatively small moves, but many represent double-digit gains or losses, highlighting the stock's extreme volatility. Of late though, we’ve seen the stock surrender a ton of those gains, setting at the $9.83 mark at the time of writing. Also, it's now trailing its 20-day EMA which is around the $12.30 mark, underscoring the drop in value, while trading near its 50-day EMA at around $10. Additionally, we can see that the gap is remarkably wide between the upper Bollinger band nearing $24.78, and the lower band at around $5.55. On the upside, investors will want to monitor the $12 to $15 level, aligning with the Bollinger midpoint and its 20-day EMA.An important point to note is that QUBT’s on-balance-volume (OBV) has held up despite the substantial price pullback. I guess it has plenty to do with the residual run-up from the previous rally and perhaps the bigger players loading on the stock on the dip. Nonetheless, the strength in volume is encouraging overall, and could be viewed as a ‘cautious positive’.Furthermore, it's also important to note that QUBT stock has a short interest of roughly 15.6% of its float. Also, the off-exchange short volume accounts for roughly 59% of total short trades. In short—no pun intended—there’s plenty of uncertainty, around the stock's near-term performance.Risks To ThesisThough it might seem easy to side with Jensen given his heavyweight status in tech, I feel given the dumbfounding pace at which some technologies have been moving at, it's tough to not have a contrarian view. AI and other emerging technologies have surged like wildfire in the past couple of years, with the computational power needed to sustain them growing at an astonishing pace each quarter. Consider this, data centers are likely to triple their energy consumption in the U.S. at the conclusion of the current decade, roughly 13% of the national grid!In catering to these wild demands, quantum computing technologies need to scale fast, offering powerful processing power in handling AI-related workloads. No wonder we have governments across the globe, scampering for supremacy in the quantum realm, investing billions in building a competitive advantage. Breakthroughs like the Willow chip have shown the immense promise the technology holds and its long-term impact on a wide variety of sectors.Takeaway On QUBT StockQUBT stock has been a big winner in the quantum hype cycle and will likely stay relevant. However, the absence of any fundamental catalysts and rapid shareholder dilution throw more weight behind its bear case. Despite the recent pullback in its stock, there’s still plenty of buying pressure that fuels its momentum ahead. All things considered, though, I’m not fully convinced about if the stock is worth picking up and it being among the best quantum stocks over the long term.","news_type":1,"symbols_score_info":{"QUBT":1.1}},"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":395349394989744,"gmtCreate":1737547355825,"gmtModify":1737551523354,"author":{"id":"4199781312253872","authorId":"4199781312253872","name":"Knightly","avatar":"https://community-static.tradeup.com/news/209d59b7da83adbf66c6e8a000857392","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4199781312253872","idStr":"4199781312253872"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/QUBT\">$Quantum Computing Inc.(QUBT)$</a> <a href=\"https://ttm.financial/S/QUBT\">$Quantum Computing Inc.(QUBT)$</a> ","listText":"<a href=\"https://ttm.financial/S/QUBT\">$Quantum Computing Inc.(QUBT)$</a> <a href=\"https://ttm.financial/S/QUBT\">$Quantum Computing Inc.(QUBT)$</a> ","text":"$Quantum Computing Inc.(QUBT)$ $Quantum Computing Inc.(QUBT)$","images":[{"img":"https://community-static.tradeup.com/news/4971e7938dcbb9a7635de4a9dfb25c6b","width":"364","height":"572"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/395349394989744","isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":395322665169312,"gmtCreate":1737540840198,"gmtModify":1737541357407,"author":{"id":"4199781312253872","authorId":"4199781312253872","name":"Knightly","avatar":"https://community-static.tradeup.com/news/209d59b7da83adbf66c6e8a000857392","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4199781312253872","idStr":"4199781312253872"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/RGTI\">$Rigetti Computing(RGTI)$</a> <a href=\"https://ttm.financial/S/RGTI\">$Rigetti Computing(RGTI)$</a> ","listText":"<a href=\"https://ttm.financial/S/RGTI\">$Rigetti Computing(RGTI)$</a> <a href=\"https://ttm.financial/S/RGTI\">$Rigetti Computing(RGTI)$</a> ","text":"$Rigetti Computing(RGTI)$ $Rigetti Computing(RGTI)$","images":[{"img":"https://community-static.tradeup.com/news/032313fc7019a59e1e258e16f26cb2ae","width":"364","height":"572"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/395322665169312","isVote":1,"tweetType":1,"viewCount":303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}