Quantum Computing Stock Shows Floor with Improved Fundamentals

30 days ago

"Uh I'll transition into my next name which is quantum computing. Your ticker is QBT. It's up about 12%. The company reported here income I will highlight versus a loss in the quarter last year ago. Revenues rose more than 200% here. And they've also built a solid uh liquid position between cash and a recent stock offering. And this caught my attention because this is part of the speculative basket that I just referred to on AI stock that have just you know surged this year uh on high momentum place and uh high hopes on AI uh and then this stock went to fall and it's actually down about 30% uh year to date and this is where fundamentals come in uh and you know putting a floor under this name. So it it is reassuring to see that fundamentals are uh justifying uh some of those uh equity moves uh although uh obviously not the extent of the moves that we have seen earlier this year."

Quantum computing firm QBT, up 12%, has shifted from losses to income with over 200% revenue growth and a strong liquidity position, suggesting that its recent decline has found support from improving fundamentals.

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