🚨 Is Quantum Computing Inc. (QUBT) too good to be true? 🚨

$Quantum Computing Inc.(QUBT)$ Recent investigations into Quantum Computing Inc. (QUBT) reveal alarming discrepancies between its claims and reality:

🔍 Missing Foundry?

QUBT touts a "state-of-the-art" chip foundry at Arizona State University. Yet, investigations show no visible infrastructure for chip manufacturing at the site.

📉 Shaky Financials

Revenue: ~$0.4M annualized (Q3 2024) – far below its ambitious promises.

Cash: Only $3.1M, while relying on high-risk financing from Streeterville Capital, notorious for "death spiral" lending.

❓ Unrealistic Press Releases?

Claims of TFLN chip purchase orders are overstated, with UT Austin reportedly distancing itself from QUBT’s announcements.

🚩 Pattern of Hype

From quantum computing to AI to chips, QUBT seems to pivot toward trending buzzwords while failing to deliver substantial results.

💡 Key Takeaway:

QUBT's lofty promises might be built on shaky ground. For investors, it’s essential to dig deeper into the numbers and claims before buying into the hype.

#QUBT #QuantumComputing #InvestSmart #StockMarketInsights

Quantum Computing Stocks Fall After Nvidia CEO's Comments

Quantum computing stocks fell in premarket activity Wednesday after Nvidia Chief Executive Jensen Huang said that "very useful quantum computers" are likely 20 years away. Rigetti Computing shares were falling 28%, Quantum Computing dropped 30%, IonQ fell over 19%, and D-Wave Quantum was down 33%. Rigetti Computing stock plummeted 31.21% in pre-market trading on Wednesday, amidst a broader selloff in quantum computing stocks. The steep decline followed comments from Nvidia CEO Jensen Huang, who expressed skepticism about the near-term prospects of practical quantum computing applications during Nvidia's analyst day event on Tuesday. Shares of Rigetti Computing, Quantum Computing, IonQ and D-Wave are down sharply as Nvidia's Jensen Huang says 'very simple quantum computers' could be 20 years away. Quantum-computing stocks have surged in recent months, reflecting hype that's at odds with the current financial reality of these businesses, which still bring in minimal revenue. The stocks are falling hard on Wedne

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