24/7 Market News Snapshot 17 December, 2024 – Quantum Computing Inc. Common (NASDAQ:QUBT)

December 17, 2024

DENVER, Colo., 17 December, 2024 (247marketnews.com) – (NASDAQ:QUBT) are discussed in this article.
Quantum Computing Inc. (QCi) is experiencing a notable surge in interest as its stock price rises significantly in pre-market trading, currently at $13.759, reflecting a 24.18% increase from the previous close. With trading volumes reaching 14 million shares, this enthusiasm underscores investor anticipation surrounding QCi’s advancements in the burgeoning field of quantum computing.

In a significant development, QCi has secured a prime contract from NASA’s Goddard Space Flight Center. This collaboration will utilize QCi’s advanced Dirac-3 quantum optimization machine to tackle the complex phase unwrapping problem encountered in radar-generated interferometric imaging. The Dirac-3 is designed to enhance data processing efficiency and accuracy by addressing non-deterministic polynomial time hard (NP-hard) challenges, marking a significant leap in computational capabilities.

CEO Dr. William McGann emphasized the importance of this partnership, stating, “We are proud to support NASA’s mission by improving the efficiency of processing vast volumes of interferometric imaging data.” This project not only highlights Dirac-3’s potential in solving intricate data challenges but also positions QCi as a leader in quantum innovation.

The anticipated outcomes from this project are set to deliver significant benefits for NASA, enhancing its capacity to handle large-scale data while opening pathways for further applications of quantum solutions across various industries. As QCi continues to push the boundaries of technology, the Dirac-3 engine stands at the forefront, promising to redefine how organizations approach complex data optimization challenges in the future.

Related news for (QUBT)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.