Quantum Computing Inc. (NASDAQ: QUBT) has soared to a $2.5 billion market cap on the promise of “revolutionary” quantum breakthroughs. A closer look suggests that its technology may be little more than smoke and mirrors. In this report, I unpack how QUBT’s claims diverge from reality and why investors may be badly mispricing the stock.

Read my discussion of the stock here

Disclaimer: At the time of publishing (09/09/25) I currently hold a short position in QUBT, but I may change this position at any time without notice. This report is for informational purposes only and represents my good-faith interpretation of publicly available information. I believe the information presented here to be accurate at the time of writing, but it may contain errors or omissions. It is provided “as is” without any warranties of any kind, express or implied, including but not limited to accuracy, completeness, or fitness for any purpose. Nothing in this post should be construed as financial advice.

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