What’s Happening With Quantum Computing Shares?

Quantum Computing, Inc. (NASDAQ: QUBT) is experiencing a decline in its stock prices today, following a new report from Iceberg Research that raises concerns about the company's future prospects.

Details of the Report: Iceberg Research released a report titled “$QUBT is Already Running Behind with its New Chip Manufacturing Hype.” The report asserts that Quantum Computing, Inc. has been pursuing every trend and hype in the tech world without solid backing, with its recent focus being on chip manufacturing.

Currently, Quantum Computing is trying to produce thin-film lithium niobate (TFLN) devices, which are known to be difficult to manufacture. Iceberg Research points out that creating TFLN devices involves complex processes, making sourcing these materials quite challenging. They also note that the company has not provided clarity on how it intends to tackle these sourcing issues.

In addition, the research firm highlights that Quantum Computing has delayed the anticipated launch of its chip production, which was initially set for early 2024 but has now been pushed back to the first quarter of 2025. This delay raises questions about the company's readiness and reliability.

Moreover, Iceberg Research expresses doubts about Quantum Computing's capabilities in mass-producing TFLN devices. They mention that the company lacks significant commercial success in obtaining patents and refer to Quantum's foundry setup as resembling a laboratory rather than an efficient production facility.

As of now, the stock is experiencing a decline, trading 5.04% lower at approximately $7.53. Investors and stakeholders are closely monitoring the situation to gauge the company's ability to recover and deliver on its promises.

Quantum, Stocks, Technology