Quantum (QUBT) Computing Rallies 8.7% Ahead of Q2 Earnings

We recently published Market on Mute? Not for These 10 Stocks With Surprising Gains. Quantum Computing Inc. (NASDAQ:QUBT) is one of Monday's top performers.

Quantum Computing jumped by 8.66 percent on Monday to close at $18.94 apiece, in line with its peers, as investors repositioned portfolios ahead of the overall market’s entry into the second quarter earnings season.

Quantum Computing Inc. (NASDAQ:QUBT) traded higher alongside its counterparts, namely Rigetti Computing Inc., D-Wave Quantum Inc., and IonQ Inc.

Sentiment was further supported by its inclusion in two Russell indices—the Russell 3000 index and the Russell 2000 index—on June 30, which paved the way for further visibility among institutional investors.

The Russell 3000 Index includes the largest 3,000 US public companies by market capitalization, while the Russell 2000 Index is a subset of the broader Russell 3000 Index limited to small-cap companies. Both indices are reconstituted annually by re-ranking companies based on total market capitalization as of the reconstitution rank date, which was April 30, 2025, this year.

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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.