Quantum computing stock shined in premarket trading. Sealsq jumped 18%; $Rigetti Computing(RGTI) rose 6%; D-Wave Systems Inc. rose 5%; Quantum Computing rose 3%.
Quantum Computing and Rigetti Computing turned out to be two of the biggest winners in 2024 as we close off another wild one for the stock market. QUBT and RGTI stock have skyrocketed 1,786% and 1,647% respectively. Inspired by advances, investor excitement, and speculative trading, quantum computing stocks have lately exploded. Alphabet's revelation of its "Willow" quantum chip—capable of tackling difficult problems in minutes—was a major impetus. Alphabet and other emerging businesses in the niche are positioned as leaders in this fast-evolving sector, which will continue attracting investor attention.
Government contracts add to the sector's legitimacy. Further proving the practical uses of quantum technology, Quantum Computing Inc. landed a NASA contract to utilize its quantum optimization machine for better imaging and data processing. Still, a lot of the thrill is hypothetical. Rushing to seize the potential of quantum computing, investors are driving volatility in stock prices.
SEALSQ Corp, a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, announced on Tuesday that it expects to end the year with a strong balance sheet and a cash position which is projected to be in excess of $85 million by January 3, 2025. The Company’s advancements in post-quantum technology, widely recognized as a key driver of future growth, have positioned SEALSQ as a leader in this transformative sector.
As part of its strategic initiatives, SEALSQ recently raised gross proceeds of $60 million through multiple registered direct offerings. This includes a $10 million registered direct offering announced on December 12, 2024, and an additional $50 million raised through two subsequent registered direct offerings completed in December 2024. As a result, at December 30, 2024, SEALSQ’s total ordinary shares outstanding reached 93.8 million, and its market capitalization surpassed $700 million.
