Why Did Quantum Computing Stock Pop Today?

Valued astatine lone $2.2 cardinal successful marketplace capitalization, Quantum Computing (NASDAQ: QUBT) banal whitethorn person the champion name in the quantum computing manufacture -- but it's inactive 1 of the smaller stocks successful this industry. Despite what you whitethorn beryllium seeing hap with the banal terms today, however, I fearfulness Quantum Computing whitethorn beryllium destined to enactment small.

Shares of Quantum Computing leapt 16% done 11:05 a.m. ET Thursday morning, aft The Wall Street Journal reported the Trump Administration plans to grant $2 cardinal successful grants to 9 quantum computing companies and instrumentality equity stakes to unafraid its concern successful each.

Money for thee, but not for maine

That sounds similar bully news, but here's the thing:

Quantum Computing is not 1 of these 9 companies. Instead of giving wealth to Quantum Computing, the Trump Administration volition grant $100 cardinal each to its rivals D-Wave Quantum (NYSE: QBTS), Infleqtion (NYSE: INFQ), and Rigetti Computing (NASDAQ: RGTI), $375 cardinal to Globalfoundries (NASDAQ: GFS), and a chill $1 billion to International Business Machines (NYSE: IBM)!

A fistful of privately owned companies volition divided the remainder of the $2 billion.

And Quantum Computing itself volition get none.

What does this mean for Quantum Computing stock?

So however is this bully quality for Quantum Computing stock, if it's getting no money, and everyone other is getting a lot of wealth -- positive backing from the U.S. authorities that volition springiness it an involvement successful seeing Quantum Computing's rivals win (and possibly that Quantum Computing fails)?

I honestly don't spot immoderate logic successful investors buying Quantum Computing banal connected this news. With analysts inactive expecting the banal to suffer wealth for years, it whitethorn beryllium clip to sell.

Should you bargain banal successful Quantum Computing close now?

Before you bargain banal successful Quantum Computing, see this:

The Motley Fool Stock Advisor expert squad conscionable identified what they judge are the 10 champion stocks for investors to bargain now… and Quantum Computing wasn’t 1 of them. The 10 stocks that made the chopped could nutrient monster returns successful the coming years.

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