Quantum Computing (QUBT) Soars 12.86% on Window-Dressing

We precocious published Santa Came Early for These 10 Double-Digit Gainers. Quantum Computing Inc. (NASDAQ:QUBT) is 1 of the champion performers connected Monday.

Quantum Computing extended its gains to a 3rd time connected Monday, climbing 12.86 percent to decorativeness astatine $12.29 apiece, connected what appeared to beryllium an aboriginal quarterly and year-end window-dressing.

The signifier is communal among organization investors, wherever they tweak portfolios earlier the reporting periods by loading up connected well-performing stocks and trimming those that underperform to contiguous a stronger portfolio to clients.

Quantum Computing Inc. (NASDAQ:QUBT) rallied alongside its counterparts, namely IonQ, Rigetti Computing, and D-Wave, supported by optimism for robust opportunities for the sector.

In different news, Quantum Computing Inc. (NASDAQ:QUBT) precocious acquired Luminar Semiconductor, Inc. (LSI), a wholly owned subsidiary of Luminar Technologies, Inc., for $110 million.

According to Quantum Computing Inc. (NASDAQ:QUBT), the acquisition would bring the institution a portfolio of halfway photonic technologies, patents, and a highly experienced squad of engineers and scientists that would accelerate its roadmap portion continuing to enactment and turn LSI’s established lawsuit base.

Concurrent with the announcement, LSI’s parent, Luminar Technologies Inc., announced that it has voluntarily submitted a Chapter 11 bankruptcy extortion with the US Bankruptcy Court for the Southern District of Texas.

Photo by Jefferson Santos connected Unsplash

Quantum Computing Inc. (NASDAQ:QUBT), however, clarified that its acquired institution is not a debtor successful Luminar’s section 11 cases, but would inactive necessitate the support of the said tribunal successful transportation with the acquisition.

While we admit the imaginable of QUBT arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.