Core Insights - Quantum Computing Inc. (QUBT) is transitioning from deep-tech R&D to a commercially focused quantum-photonics player, leading to a significant increase in share prices in 2025 [1] - Key growth drivers include the launch of an entangled photon source for quantum communication, operational rollout of the TFLN chip foundry, and rising adoption of the Dirac-3 optimization machine across various sectors [1] Stock Performance - QUBT shares have experienced a remarkable 3427% increase over the past 12 months, significantly outperforming the broader Internet Software industry, which grew by 35.5%, and the S&P 500 index, which rose by 13.8% [3] - Despite this rally, QUBT stock is still trading 27.8% below its 52-week high, indicating potential for further upside as the company expands into high-value markets [4] Growth Drivers - The U.S.-based Quantum Photonic Chip Foundry in Tempe, AZ, is fully operational, enabling in-house production of thin-film lithium niobate (TFLN) photonic integrated circuits (PICs), with initial purchase orders already received [5] - The Dirac-3 optimization machine is being utilized by institutions like NASA and Memorial Sloan Kettering for advanced applications, showcasing its real-world deployment and effectiveness [6][9] Financial Strength - Quantum Computing raised a total of $185.7 million in two quarters, enhancing its financial position with cash and cash equivalents reaching $166.4 million as of March 2025 [10] - The company reported a net income of $17 million in the first quarter of 2025, indicating improved financial stability [10] Index Inclusion - In May 2025, QUBT was included in both the Russell 3000 and Russell 2000 Indexes, which enhances its visibility among institutional investors and may lead to increased liquidity and capital inflows [11] Earnings Estimates - The Zacks Consensus Estimate for Quantum Computing's 2025 earnings suggests a 90.4% year-over-year improvement [12] Price Target Analysis - QUBT is currently trading 12.45% above its average Zacks price target, indicating limited near-term upside potential [14]