Investing.com -- Q/C Technologies (NASDAQ:QCLS) stock rose 16% Thursday, extending Wednesday’s 38% gain after former pharmaceutical executive Martin Shkreli identified it as a long investment idea.
Shkreli shared his bullish stance on the photonic/optical computing company via social media platform X, setting a near-term price target of $100 for the stock. He expressed conviction that optical computing, rather than quantum computing, represents the future of frontier computing technology.
In his social media post, Shkreli revealed that he and his partner have taken a large investment position in QCLS. He noted that his partner has been invited to join the company’s Board of Directors, and both plan to advise "the next hardware lab for high-performance computing."
Shkreli highlighted the potential for photonic technology to achieve matrix multiplications at speeds far exceeding current GPU capabilities. He specifically mentioned that QCLS’s partner in Israel has presented data he finds "more impressive than current quantum stocks."
While maintaining his bearish outlook on quantum computing specifically, Shkreli suggested that investor interest in next-generation computing technologies would remain strong in the stock market "for a long time to come."
Shkreli also indicated he would consider joining as CEO if permitted by the Trump administration, noting that such a role would require White House action due to his current restrictions.
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