Why Quantum Computing Inc (QUBT) Could Be the Deep Value Outlier

While Nvidia (NVDA) CEO Jensen Huang is undoubtedly a tech genius, he hasn’t made many friends recently in the quantum computing space. At the semiconductor giant’s analyst day, Huang declared that the practical utility of quantum computers could be several years away. As a result, sector-specific names crumbled badly.

One of the worst-hit enterprises was the appropriately named Quantum Computing Inc (QUBT). On Friday, QUBT stock suffered a 9.38% loss, capping off a weekly erosion of 48.09% of market value. That’s the worst one-week loss for the company ever, with the previous worst outing occurring in early February 2023, when shares lost 40.74%.