About Quantum Computing Inc. - Common Stock (QUBT)
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Rigetti jumped 84% in September, outpacing every other quantum stock. Spoiler alert: The contracts behind the surge may not justify the billions added to its market cap.
U.S. stocks were higher, with the Dow Jones index gaining more than 200 points on Friday. Shares of Crinetics Pharmaceuticals, Inc. (NASDAQ: CRNX) rose sharply during Friday's session after the FDA approved PALSONIFY.
As the artificial intelligence revolution continues to reshape industries and captivate investors, the spotlight has largely remained fixed on a handful of tech behemoths, often dubbed the "Magnificent Seven." These established players have driven much of the initial AI excitement and market gains. However, a growing chorus of analysts and
Quantum Computing Inc. (NASDAQ: QUBT) announced the closing of an oversubscribed private placement, raising $500 million through the sale of 26,867,276 shares of common stock priced at the market under Nasdaq rules. The Company plans to use proceeds to accelerate commercialization, pursue strategic acquisitions, expand sales and engineering teams, and strengthen working capital. CEO Dr. Yuping Huang said the financing, supported by top-tier institutional investors, brings total gross proceeds raised since November 2024 to about $900 million, significantly reinforcing the balance sheet and positioning QCi for multi-year growth. Titan Partners Group acted as sole placement agent.
Investor Martin Shkreli, popularly known as “Pharma Bro,” is once again criticizing quantum computing company, IONQ Inc. (NYSE: IONQ), for comments made by its CEO, Peter Chapman.
