Current Status of Quantum Computing Shares Amid Iceberg Research Report

Quantum Computing, Inc. (QUBT) is experiencing a decline in its stock value following critical remarks from Iceberg Research.

Details from the Report: A recent analysis titled "$QUBT is Already Running Behind with its New Chip Manufacturing Hype" suggests that the company has pursued numerous marketing trends in recent years, with its latest endeavor focused on chip manufacturing.

Quantum Computing aims to produce thin-film lithium niobate (TFLN) devices. However, Iceberg Research argues that manufacturing TFLN is complex, making the sourcing of materials particularly challenging. Notably, the report mentions that Quantum has not provided clear strategies on how it intends to overcome these hurdles.

The analysis also indicates that Quantum has postponed the launch of its chips, which were expected to begin production in early 2024. The company has now revised its timetable, suggesting that production will start in the first quarter of 2025.

Additionally, Iceberg Research raises concerns about Quantum's capabilities to mass-produce TFLN devices. It points out that Quantum's past efforts to gain commercial success through patents have not yielded significant results, and describes the company’s foundry setup as resembling more of a research lab than a commercial operation.

Market Performance: As of the latest update, Quantum Computing shares are trading 5.04% lower, standing at $7.53 according to data sourced from Benzinga Pro.

Image: 6690189 from Pixabay.

Quantum, Computing, Stocks