Quantum Computing (QUBT) Climbs 8% on Launch of New Computing System

We recently published 10 Firms Shining Bright in a Bleeding Market. Quantum Computing Inc. (NASDAQ:QUBT) is one of the best-performing stocks on Monday.

Quantum Computing grew its share prices for a second day on Monday, adding 8.49 percent to close at $11.50 apiece as investors loaded portfolios ahead of the  launch of its newest reservoir computing system capable of edge-AI use.

In a statement, Quantum Computing Inc. (NASDAQ:QUBT) said that it will launch  its system called Neurawave at the SuperCompute25 international conference in St. Louis, Missouri on November 18 to 20.

Neurawave represents a significant milestone as it is able to deliver a photonic computing system designed to meet industry standards and seamlessly integrates with existing computing infrastructures. It also offers a practical, scalable, and energy-efficient solution for high-performance applications.

By leveraging the dynamic properties of photonic systems, Neurawave delivers fast, energy-efficient performance ideal for field operations, industrial settings, and embedded applications, and adding hardware-based intelligence and data processing capabilities to QCi’s quantum products.

“This launch marks a good step forward for QCi. We are building photonic computing systems that not only push the boundaries of technology but also align with industry standards and integration requirements by making photonics-based computing practical and impactful,” said Quantum Computing Inc. (NASDAQ:QUBT) CEO Yuping Huang.

Aside from Neurawave, Quantum Computing Inc. (NASDAQ:QUBT) would also provide on-cloud demonstrations for its Dirac-3 quantum computer, allowing conference attendees to explore real-time quantum processing already in use today.

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