Quantum Computing (NASDAQ: QUBT) has an early mover’s advantage with its photonic quantum chips, offering scalability over electron or ion-driven systems. Despite this, mass production may take years to achieve. The stock, currently trading at about $12, has seen significant growth from a low of $0.42 in 2024. However, with a market cap of $2.7 billion, QCI trades at 3,481 times this year’s sales, making it the most expensive among its competitors like IBM and Rigetti.

QCI stands out by developing photonic quantum chips instead of using electrons or ions. These chips are designed to be cheaper, more scalable, and easier to maintain. However, with revenue of only $484,000 in the first nine months of 2025, QCI faces challenges in scaling up production. Analysts predict revenue to reach $777,000 for the full year, with a net loss of nearly $24 million. The stock’s future hinges on overcoming hurdles in business expansion and demonstrating the superiority of its technology over competitors.

Looking ahead, QCI plans to construct a second fab within three years to boost production. However, mass production of its chips is not expected until the second fab is operational. Analysts forecast revenue to surge to $2.1 million in 2026, with a net loss widening to $40.5 million. Despite growth potential, QCI faces tough competition and financial challenges. Investors should carefully consider the risks before investing in Quantum Computing.

Read more at Nasdaq: Where Will Quantum Computing Stock Be in 1 Year?