What's Going On With Quantum Computing Stock Today?

Quantum Computing Inc. QUBT shares are trading higher on Wednesday.

Shares gained after NVIDIA Corp. announced its inaugural Quantum Day, set to occur on March 20 during the GTC 2025 event. The announcement comes just days after CEO Jensen Huang stated that practical quantum computing may still be two decades away.

Moreover, the announcement comes at a time when Microsoft Corporation MSFT declared to make its business clients “quantum-ready” by 2025.

Quantum Computing has not been the only company to see significant gains; other companies, like D-Wave Quantum Inc. QBTS, have also experienced significant gains. This surge underscores the growing anticipation and investment in quantum computing technologies.

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Meanwhile, Quantum Computing has partnered with Sanders Tri-Institutional Therapeutics Discovery Institute to advance research in computational biomedicine.

Quantum Computing will provide Sanders TDI access to its Dirac-3 Entropy Quantum Computing Machine, enabling the institute to leverage quantum computing for complex biomedical challenges.

Sanders TDI, a collaboration of certain New York research institutions, focuses on drug discovery and disease progression. The partnership will utilize quantum technology for biomolecular modeling, exploring potential applications in computational chemistry.

William McGann, CEO of Quantum Computing, highlighted the collaboration as a key step in making quantum computing accessible for real-world applications in healthcare.

“It aligns perfectly with our mission to make quantum machines accessible and affordable and is one of the many real-world applications where the power of quantum computing is being demonstrated and put into practice by QCi,” McGann said.

Price Action: QUBT shares are trading higher by 33% to $9.88 at last check Wednesday.

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