IQMX Jumps 17% in Second Trading Day as Investors Bet on Quantum Computing Demand
Updated
Updated · TradingView · Jul 3
IQMX Jumps 17% in Second Trading Day as Investors Bet on Quantum Computing Demand
2 articles · Updated · TradingView · Jul 3
Summary
IQMX rose nearly 17% premarket on its second day of trading, extending investor interest after the Finnish quantum-computing company listed in the U.S. and Helsinki last week.
The rally is tied to growth expectations for quantum infrastructure as governments, universities and national labs increase spending on systems for AI, materials science, cybersecurity and drug discovery.
IQM sold 23 full-stack superconducting quantum computers worldwide and counts customers including Italy’s CINECA and Germany’s Leibniz Supercomputing Center; it also opened a Maryland quantum technology center in April.
A $1.9 billion SPAC merger brought IQM to Nasdaq, where it stands out as the first publicly listed quantum-computing company from the European Union.
As of the first quarter, IQM reported $179.51 million in assets, $7 million in liabilities and no debt, giving investors a relatively clean balance sheet as it expands.