That’s a lot of qubits
Shares of Quantum Computing (QUBT) have skyrocketed into another dimension from the last 12 months, with the company’s stock climbing a you-cannot-be-serious 2,300% from this time in 2024.
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The company is one of many looking to carve a place in the tech world’s next big thing, namely, quantum computing, which uses the principles of quantum physics to perform calculations much faster than traditional computers for certain complex problems.
A qubit, or quantum bit, is the basic unit of information used to encode data in quantum computing, similar to binary bits used in conventional computing.
Quantum computing companies looking to finance the future
