What's Happening with Quantum Computing Shares This Monday?

Quantum Computing, Inc. (NASDAQ: QUBT) shares have recently dropped in value following critical comments from Iceberg Research.

Reported Issues: A recent report by Iceberg Research titled “$QUBT is Already Running Behind with its New Chip Manufacturing Hype” claims that the company has been pursuing numerous speculative trends in recent years, with its latest venture focusing on chip manufacturing.

The company is attempting to produce thin-film lithium niobate (TFLN) devices. However, the report highlights that the creation of TFLN is not straightforward, and sourcing these materials presents significant challenges. Iceberg Research emphasizes that Quantum Computing has yet to clarify how it intends to resolve these issues.

Moreover, the report notes that Quantum Computing has postponed its chip production timeline; it was originally set to begin in early 2024, and has now been moved to the first quarter of 2025.

Lastly, Iceberg Research raises concerns regarding Quantum's expertise in mass-producing TFLN devices, pointing to the company’s previous lack of commercial success in relation to its patents. They describe Quantum's foundry setup as resembling more of a laboratory than a production facility.

Current Stock Performance: As of the latest available data, Quantum Computing's stock price is down 5.04%, trading at $7.53.

Quantum, Research, Stocks