Quantum Computing Is Absolutely Exploding Today -- Should You Buy The Stock Now?

Quantum leaps are happening right now in computing—and Wall Street's taking notice.

BREAKING: Quantum processors smash through previous performance barriers, leaving classical computing in the dust. The sector's heating up faster than a qubit at absolute zero.

WHY QUANTUM MATTERS NOW

Forget yesterday's computing limitations. Quantum systems handle problems that would take traditional supercomputers millennia—processing power that's rewriting the rules of encryption, drug discovery, and financial modeling. Hedge funds are already salivating over the arbitrage possibilities.

THE INVESTMENT CALCULUS

Early movers stand to capture unprecedented value as quantum commercializes. But tread carefully—this isn't your grandfather's blue-chip stock. Volatility runs high when you're betting on technology that operates in multiple states simultaneously. (Much like Wall Street analysts' integrity, frankly.)

Quantum's moving at light speed—the question isn't whether it'll transform industries, but who'll be positioned to profit when it does.

Image source: Getty Images.

Quantum Computing stock may also be getting a sustained boost from bullish analyst coverage published yesterday. In its recently published note, Lake Street initiated coverage on the stock with a buy rating and a one-year price target of $24 per share. As of this writing, Lake Street's valuation target implies additional upside of roughly 4%.

Is Quantum Computing stock a buy right now?

With today's gains, Quantum Computing stock is now up approximately 41% across this year's trading and 168% over the last six months.But there's still an incredibly high degree of speculation involved in charting the performance outlooks for Quantum Computing and other players in the space.

Quantum Computing is currently valued at more than 8,960 times this year's expected sales. The company could eventually see explosive sales growth and tap into demand for quantum technologies connected to artificial intelligence (AI) and cryptography, but there's inherently a lot of risk in its current valuation profile. Investors with high risk tolerance may find it worth adding Quantum Computing stock to gain exposure to long-term quantum trends, but others may wish to remain on the sidelines.