Why Quantum Computing Stock Is Plummeting This Week

Group 1 - Quantum Computing shares have declined over 14.2% from the end of last Friday's market session through Thursday's trading [3] - The company announced an acquisition of Luminar Semiconductor for $110 million, which has not been well received by investors [5] - Wedbush initiated coverage on Quantum Computing with a neutral rating and set a price target of $12 [6] Group 2 - Despite the stock's decline, Quantum Computing is making progress in demonstrating the validity of its technology's applications [7] - The company has a purchase order from a major U.S. bank for its quantum security solutions, indicating potential for future revenue growth [8]