QUBT Rockets 33% on NASA Deal Capping Up 1,656% Six Months Quantum Stock

After landing a major contract with NASA’s Goddard Space Flight Center, Quantum Computing Inc. (NASDAQ:QUBT) 33% in early trading Tuesday.

The agreement emphasizes using Dirac-3 technology from Quantum Computing to solve phase unwrapping, a major obstacle to reconstructing radar-generated images and retrieving accurate interferometric data. The improved capabilities should help NASA’s data analysis and imaging efficiency.

The agreement represents a major turning point for Quantum Computing, as it underscores its role in the development of methods for radar image optimization. The company’s performance highlights increased faith in quantum solutions to address challenging, practical questions, energizing investors in the space

Also, it is important to note that QUBT stock has been on an exceptional run of late, posting a whopping 74% gain in 5 days. Over the past six months, the stock has gone parabolic after gaining an impressive 1,656%. While posting a whopping 1,494% 3-month gain.

This article first appeared on GuruFocus.