We recently published a list of These 10 Stocks Are Flying High. In this article, we are going to take a look at where Quantum Computing Inc. (NASDAQ:QUBT) stands against other best-performing stocks on Wednesday.
Quantum Computing rallied for a fourth consecutive day on Wednesday, jumping 25.38 percent to close at $18.97 apiece, following optimistic comments from Nvidia Corp. CEO Jensen Huang that the quantum computing industry has already reached an inflection point.
In his keynote speech at a conference in Paris, Huang said that the application of quantum computers in areas that can solve interesting problems is now within reach.
“This is a really exciting time,” he noted.
Quantum Computing Inc. (NASDAQ:QUBT) rallied alongside its peer, Rigetti Computing Inc. (NASDAQ:RGTI).
Earlier this year, Huang walked back his comment that the practical use of quantum computers is only 15 to 30 years away.
A data analyst pouring over a chart, the intricacies of its lines being revealed.
Last week, Ascendiant Capital Markets reaffirmed its “buy” recommendation on Quantum Computing Inc.’s (NASDAQ:QUBT) stock, while raising its price target to $22 from $14 previously.
Overall, QUBT ranks 2nd on our list of best-performing stocks on Wednesday. While we acknowledge the potential of QUBT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
