Quantum stocks rallied in overnight trading, Quantum Computing Inc. soared 16%; Rigetti Computing rose 5%; QUANTUM CORP rose 3%.
Quantum Computing Inc. (QUBT) has secured a prime contract from NASA's Goddard Space Flight Center to apply its Dirac-3 entropy quantum optimization machine for phase unwrapping in interferometric data processing. The project aims to enhance NASA's imaging reconstruction and data processing capabilities using QCi's quantum optimization technology.
The contract focuses on utilizing Dirac-3 to solve complex phase unwrapping problems in radar-generated interferometric data, with the goal of improving solution quality and computational speed compared to classical computing methods. If successful, the project could yield long-term benefits for NASA's big-data processing capabilities and potentially expand to other applications where quantum solutions offer advantages.
Tesla Motors dropped 1.5% in overnight trading after soaring 4% in the previous trading day.
Tesla stock pushed higher on Tuesday, hitting another record and adding to monster end-of-year gains as another Wall Street analyst says there's more room to run.
The latest analyst to weigh in is Vijay Rakesh of Mizuho Securities, who upgraded Tesla to Outperform from Neutral and more than doubled his price target to $515 from $230.
NVIDIA rose nearly 1% in overnight trading.
NVIDIA is taking the wraps off a new compact generative AI supercomputer, offering increased performance at a lower price with a software upgrade.
The new Nvidia Jetson Orin Nano Super Developer Kit, which fits in the palm of a hand, provides everyone from commercial AI developers to hobbyists and students, gains in generative AI capabilities and performance. And the price is now $249, down from $499.
Novavax fell 5% in overnight trading.
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