10 Biggest Gainers of Last Week

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1. Quantum Computing Inc. (NASDAQ:QUBT)

Shares of Quantum Computing posted the highest gains in last week’s trading, recording a whopping 147 percent to end at $17.62 apiece on Friday versus the $7.12 registered on Monday.

Quantum Computing posted notable gains last week after announcements that the company secured a contract from the National Aeronautics and Space Administration’s (NASA) Goddard Space Flight Center for its imaging technology called Dirac-3. Financial terms were not disclosed.

Similar to IonQ and Rigetti, Quantum Computing posted notable gains following news of further advancements in the quantum industry, led by Google’s Willow chip.

Momentum for quantum computing is also accelerating fast, with US lawmakers announcing a $2.7 billion government funding to supercharge quantum innovation across computing, sensing, and communications.

While we acknowledge the potential of QUBT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than QUBT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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