Quantum Computing Inc. QUBT, also known as QCI, experienced a wonderful last year and promotions increased by more than 2000% and easily overtake competitors such as Ionq, IncS ionq, Computing ATMECTS, Inc. And D-Wave Quantum Inc; QBTS.
Exceptional QCI results led to many investors to think about whether it could follow in the footsteps NVIDIA CORPORATION NVDA, whose stocks have increased 100 times over the last 10 years, increasing the company’s market value, exceeding 4 trillions of USD. Let’s examine whether these concerns are justified and evaluate whether QBT shares are a strong investment.
Instead of researching supercomputer technology, QCI focuses more on photonic quantum calculation. This technique can effectively overcome the challenges of scaling of quantum devices.
In the first quarter, the QCI completed its chip foundry in Arizona, satisfying the demand for the thin film lithium niobat photonic chips. This is a significant achievement in your comprehensive growth plan. In the second quarter, QCI received an order for a quantum photonic vibrate and sold its Emucore reservoir computing device to a significant global car manufacturer. In addition, the QCI received a $ 406,478 subcontract to help NASA Langley Research Center.
All of these factors helped QCI get a consecutive quarter income. In the first quarter, the revenue was $ 39,000, and the second quarter was even better-61,000 USD. Due to recent strategic leadership changes, the company also hopes to improve revenue in the near future. Wall Street analysts expect QCI to end in 2025. With $ 600,000 and can be $ 2.9 million next year. USD.
Compare QCI with NVIDIA is slightly exaggerated. This is because QCI income is not as much as $ 1 million. USD and is much smaller than what NVIDIA is currently generating. By comparison, NVIDIA earned $ 44.1 billion in revenue in the first quarter, and the company, headed by Jensen Huang, expects income to reach $ 45 billion in the second quarter.
In addition, the market that can be directed to photonic integrated circuits, 2024. Was $ 15.4 billion and it is projected to be expected by 2029. By 2029 It will grow to $ 38.4 billion. Thus, it is clear that QCI has not yet used the growing opportunities in the market.
Some may argue that photonic quantum calculation is innovative technology, which means that QCI may take a demonstration of significant revenue growth. However, NVIDIA 1999 Introducing graphics processing devices (GPU) was also a new innovation. Nevertheless, the company managed to earn $ 374.5 million. USD in the Fiscal Year ended in 2000 January 30