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# Quantum Computing: Irrational Exuberance (Archive)
- URL: https://www.huntingalphas.com/quantum-computing-irrational-exuberance-archive/
- Published: 2024-12-22T13:38:00.000Z
- Updated: 2026-02-28T05:59:39.000Z
- Description: QUBT’s soaring valuation masks tiny revenues, heavy cash burn, and questionable governance.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, QUBT, Tech

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- I am usually positive on Seeking Alpha stocks rated a 'Strong Buy', given the Quant Rating system's long term record in beating the S&P500\. But I thinkQUBT is an exception.
- Despite a $3 billion market capitalization, TTM revenues are tiny at only $400,000\. The hype around the NASA deal is unjustified as it is only worth $26,163.
- QUBT is bleeding money and has been saved by a $90 million raise in the last 2 months, management has made questionable capital allocation choices and directors seem overpaid.
- Valuations indicate irrational exuberance at MCAP/TBV of 32x. Technicals look bullish but the hype-based euphoria is likely to reverse sharply.
- Amusingly, the company's origins are in a completely different industry; it made a huge pivot from beverages to quantum computing back in 2018.

Read the full article [here](https://seekingalpha.com/article/4745860-quantum-computing-irrational-exuberance?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*