Q/C Technologies (NASDAQ:QCLS) continued its sharp rally on Thursday, climbing another 16% after soaring 38% the previous day. The renewed momentum came after former pharmaceutical executive Martin Shkreli publicly promoted the company as a long investment idea.
Shkreli shared his optimistic view of the photonic and optical computing firm on X, setting a short-term price target of $100 and arguing that optical computing — not quantum computing — represents the next major leap in advanced computing technologies.
In his post, Shkreli disclosed that he and his partner have taken a sizable position in QCLS. He added that his partner has been asked to join the company’s Board of Directors and said the two intend to advise “the next hardware lab for high-performance computing.”
He also pointed to photonic processing as a method capable of performing matrix operations at speeds far beyond those of modern GPUs. Shkreli noted that an Israeli collaborator working with QCLS has shown data he finds “more impressive than current quantum stocks.”
Despite maintaining a negative view on quantum computing as an investment theme, Shkreli said he expects market enthusiasm for cutting-edge computing technologies to persist “for a long time to come.”
Shkreli further mentioned he would consider taking on the CEO role at Q/C Technologies if allowed by the Trump administration, citing the need for White House approval due to existing restrictions.