What's Happening with Quantum Computing Shares Today?

Quantum Computing, Inc. (QUBT) shares are experiencing a decline following recent remarks made by Iceberg Research about the stock.

The Details: In a recent report titled “$QUBT is Already Running Behind with its New Chip Manufacturing Hype,” Iceberg Research suggests that the company has pursued various trends and market hypes in its efforts, with chip manufacturing currently being the latest focus.

Quantum Computing is working on the development of thin-film lithium niobate (TFLN) devices. According to Iceberg Research, TFLN is a complex material to produce, which makes sourcing it particularly difficult. The report highlights that Quantum has not adequately communicated its strategy for tackling these sourcing challenges.

Additionally, Iceberg points out that Quantum has already postponed its chip production timeline. Initially, the company aimed to begin production in early 2024, but it now anticipates that production will not start until the first quarter of 2025.

Lastly, the report raises concerns regarding Quantum’s capabilities, specifically its ability to mass-produce TFLN devices. Iceberg emphasizes Quantum's lack of commercial success regarding its patents and suggests that the company’s foundry setup resembles more of a laboratory environment rather than a commercial production facility.

Current Stock Performance

As of the latest updates, Quantum Computing stock (QUBT) is trading 5.04% lower, currently priced at $7.53, according to market data.

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