Here’s Why Quantum-Si incorporated (QSI) Is Skyrocketing

We recently compiled a list of the Why These 24 Stocks Are Skyrocketing. In this article, we are going to take a look at where Quantum-Si incorporated (NASDAQ:QSI) stands against the other stocks.

One of the strongest stock market anomalies is the momentum effect, which is the tendency of recent past winners to outperform the recent past losers. That’s why we decided to take a look at some of the recent past winners in this article. These 24 companies, predominantly involved in the quantum computing, biotechnology, and technology sectors, have performed significantly well in the final quarter of 2024, registering spectacular returns over the 3 months.

That said, let’s take a look at the top 24 stocks that have skyrocketed and pose a solid growth opportunity in the coming year. We will also explore how well the stocks have performed throughout the year and what they have in store for 2025.

To come up with 24 names, we considered only the stocks that have at least $2 billion in market capitalization and have registered commendable returns in the fourth quarter of 2024.

A technician inspecting a microchip with advanced technology used in the semiconductor industry.

Quantum-Si incorporated (NASDAQ:QSI)

Q4 Returns as of December 31, 2024: 206%

Shares of QSI rose to $2.7 on December 31, 2024, marking a 206% increase from the $0.88 close on September 30, emphasizing the growing wave of quantum computing as the government allocates billions to quantum innovation.

QSI, a life-sciences company that is developing a single-molecule detection platform for protein sequencing, is highly optimistic when it comes to its long-term commercial opportunity and expects to deliver solid financial gains in the coming year.

In December alone, Quantum-Si Incorporated (NASDAQ:QSI) launched a protein barcoding kit for multiplexed protein screening and a new library prep kit to accelerate access to next-gen protein sequencing.

QSI also saw a massive increase in revenue, generating $787,000 in the third quarter of 2024, up from $223,000 in the third quarter of 2023.

Overall QSI ranks 16th on our list of the stocks that are skyrocketing right now. While we acknowledge the potential of QSI as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QSI 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.

Disclosure: None. This article is originally published at Insider Monkey.