Quantum Computing Inc QUBT shares are trading higher by 31.6% to $22.09 during Wednesday’s session, possibly on continued strength, after the company on Tuesday announced it was awarded a prime contract by NASA to apply Dirac-3 for imaging and data processing support.
What To Know: The contract, awarded by NASA's Goddard Space Flight Center, involves using Quantum Computing’s entropy quantum optimization machine, Dirac-3, to tackle advanced imaging challenges.
The company says Dirac-3 will address a complex phase unwrapping issue for reconstructing images and extracting radar-generated interferometric data, aiming to enhance data quality and accuracy.
CEO William McGann expressed pride in supporting NASA’s mission to process vast imaging data efficiently. The project will compare Dirac-3’s quantum optimization capabilities with classical algorithms.
How To Buy QUBT Stock
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For example, in Quantum Computing’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
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