Quantum Computing (QUBT) Climbs 8% on New Govt Deal

We recently published 10 Stocks With Surprising Gains Amid Market Meltdown. Quantum Computing Inc. (NASDAQ:QUBT) is one of the best-performing stocks on Tuesday.

Quantum Computing saw its share prices increase by 8.27 percent on Tuesday to close at $16.89 apiece after bagging a new deal from the US Department of Commerce for the development and supply of thin-film lithium niobate (TFLN) photonic integrated circuits (PICs).

Under the agreement, Quantum Computing Inc. (NASDAQ:QUBT) will design and fabricate TFLN-based PICs, with performance requirements focused on low optical-loss waveguides, high-performance modulators, and narrow-band filters.

Quantum Computing Inc. (NASDAQ:QUBT) said in a statement that new new award was its first direct government contract for its TFLN foundry services and represented a key step in its plans to become a trusted supplier of advanced photonic technologies.

“QCi is proud to deliver advanced photonic solutions to market through our commercial foundry. Additionally, we’re pleased to add a leading Fortune 500 defense and technology contractor to our growing list of commercial customers, reinforcing the broad applicability of our TFLN platform across high-security, mission-critical environments.”

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.