QTEX is trading 10% up at $3.35 today, continuing a massive rally that began last week after the company announced it was in advanced partnership talks with a top-five global quantum computing company.
- The company, formerly Inspira Technologies, recently changed its name and ticker to QTREX Quantum (QTEX) on May 20. [9]
- However, the primary catalyst for the surge was the May 25 announcement of advanced discussions for a strategic collaboration with an unnamed quantum computing giant. [10]
- The news has sparked huge retail investor interest and extreme trading volume over the past several sessions, with the stock more than doubling in a single day. [3, 10]