Rosenblatt Initiates Coverage of Quantum Computing (QUBT) Stock

The steadfast likes Quantum Computing Inc.’s (NASDAQ:QUBT) risk/reward, seeing an contiguous accidental to enactment successful quantum computing.

In a abstracted update, connected January 12, Quantum Computing Inc. (NASDAQ:QUBT) announced that, pursuing the previously-announced statement to get Luminar Semiconductor, Inc., it submitted a bid and was selected arsenic the stalking-horse bidder for the remaining assets of Luminar.

Under the stalking-horse agreement, Quantum Computing Inc. (NASDAQ:QUBT) agreed to service arsenic the archetypal bidder for the remaining Luminar assets astatine a acquisition terms of ~$22 million. However, this remains taxable to higher oregon amended offers received via the auction process and different customary T&Cs.

Quantum Computing Inc. (NASDAQ:QUBT) is an integrated photonics institution that offers quantum machines to commercialized and authorities markets.

While we admit the imaginable of QUBT arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.