The report alleges that Quantum Computing's CEO has been releasing promotional statements that exaggerate the company's quantum capabilities and customer interactions.

Quantum Computing (NASDAQ: QUBT), and Rigetti Computing (NASDAQ: RGTI) were tumbling again on Monday for the second time in just three sessions after Meta Platforms CEO Mark Zuckerberg added his name to the growing chorus of skeptics on the new technology.

Quantum Computing shares rise after NVIDIA announces Quantum Day and the company partners with Sanders TDI to advance biomedicine.

The carnage in quantum computing stocks Wednesday saw shares of Rigetti Computing (NASDAQ:RGTI), Quantum Computing (NASDAQ:QUBT), and IonQ (NASDAQ:IONQ) plunge 40% or more. Comments made by Nvidia (NASDAQ:NVDA) CEO Jensen Huang that the sector won’t see viability for another two decades gutted these former high-flying stocks.

Quantum Computing Inc. (NASDAQ:QUBT) shares are trading lower in the premarket session on Wednesday. The company announced a private placement offering of 8.16 million shares of common stock at $12.25 per share.

Computing Inc (NASDAQ: QUBT) tumbled 7% following claims presented by Capybara Research, alleging the company has engaged in issuing misleading press releases to artificially inflate its stock price.

Stocks in the quantum computing sector are seeing impressive gains today. Rigetti is up 25%, while IonQ has surged 28%. NVIDIA, although seeing a smaller recovery of 2%, is still experiencing a bounce-back from the earlier losses.