What's Going On With Arqit Quantum (ARQQ) Stock?

Arqit Quantum Inc ARQQ shares surged 20.2% to $21.07 during Wednesday’s session amid a rally in quantum computing-related stocks.

Wednesday’s uptick follows Microsoft’s announcement of plans to prepare businesses for the quantum era by 2025 and NVIDIA’s inaugural Quantum Day, which highlighted advancements in the field.

What Else: Arqit Quantum specializes in quantum-safe encryption solutions through its QuantumCloud platform, providing encryption keys secure against both classical and quantum cyber threats. This could position Arqit to meet growing cybersecurity demands as quantum technology evolves.

High-profile events and commentary from Microsoft and NVIDIA have reignited investor confidence in the sector for Wednesday’s session, with Arqit seen as a potential leader in addressing quantum-era challenges.

Recent investor optimism in quantum computing-related stocks could also suggest rising demand for solutions that safeguard sensitive data in an increasingly quantum-enabled future.

Read Also: Stocks Rise On Core Inflation Slowdown, Banks Rally After Strong Q4 Earnings, Treasury Yields Plummet

How To Buy ARQQ Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Arqit Quantum’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.

According to data from Benzinga Pro, ARQQ has a 52-week high of $52.79 and a 52-week low of $3.72.