Source: Wall Street News
Yesterday, the total trading volume of Quantum Computing, Rigetti Computing, financial technology and defense company Nukkleus Inc., and voice recognition and AI company SoundHound AI was close to 10 billion USD, surpassing 476 constituent stocks in the S&P 500 Index.
Recently in the Emerging Markets, investors have shown strong interest in companies that are more speculative, highly volatile, and filled with hype—despite their low income or profits, they have huge upward potential.
Yesterday, a company focused on the research and commercialization of quantum computing technology $Quantum Computing (QUBT.US)$ 、 $Rigetti Computing (RGTI.US)$ , a financial technology and defense company $Nukkleus (NUKK.US)$ Voice recognition and AI company $SoundHound AI (SOUN.US)$ The total Volume of Trades is close to 10 billion USD, exceeding 476 constituents in the S&P 500 Index.
After announcing a strategic acquisition that will shift the company towards the defense sector, Nukkleus Inc.'s stock price soared over 700%. According to FactSet, the company's stock volume exceeded 2 billion dollars yesterday, and since the company's Market Cap is only 40 million dollars, this means traders traded over 5000% of the company's Market Cap in a single day.
Yesterday, the Trade volume of Quantum Computing accounted for approximately 164% of the company's Market Cap, Rigetti Computing for 94%, and SoundHound AI for 26%.
In comparison, the average Trade volume of the S&P 500 Index constituents was 0.818 billion dollars, which accounted for 0.89% of their Market Cap, with Tesla being the most active stock, where the Trade volume accounted for approximately 4% of its Market Cap.
Analysts pointed out that since Google's parent company Alphabet announced its breakthrough in quantum computing on December 9, quantum computing has become the "new favorite" of traders. Smaller, purely quantum computing companies like Rigetti Computing and Quantum Computing have seen their stock prices soar this year, with Quantum Computing up over 2700% and Rigetti Computing nearly up 1000%.
According to reports, Rigetti Computing has collaborated with other companies such as NVIDIA to successfully use AI to calibrate quantum computers, which is a significant advancement that may promote the popularization of quantum computing technology. Meanwhile, Quantum Computing has obtained a contract from NASA to handle interferometric imaging data.
The SoundHound AI stock, a concept stock held by NVIDIA, has soared 880% in price this year, with a cumulative increase of 314% since early November. Wedbush believes that the company will achieve greater growth in 2025 and maintains an "Outperform" rating on the stock, raising its Target Price from $10 to $22.
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编辑/jayden