Qubits, short for quantum bits, are the basic unit of information in quantum computing. They are analogous to the classical bits used in traditional computers, but they can exist in a superposition of states, allowing them to represent both 0 and 1 simultaneously. This property gives quantum computers the potential to perform certain calculations much faster than classical computers.
Qubit is a publicly traded company that develops quantum computing hardware and software. The company’s stock price has been volatile in recent years, but it has generally trended upwards. In 2022, Qubit’s stock price rose by over 50%. This was due in part to the company’s announcement of a new partnership with Google. The partnership will see Google use Qubit’s hardware to develop new quantum computing applications.
