Quantum Computing Inc. (NASDAQ: QUBT)

Manhattan Crypto Capital QUBT Investment Mandate & Quantitative R&D

Quantum Infrastructure & High-Convexity Innovation Framework

Quantitative Research Report | Manhattan Crypto Capital

Issue Date: May 18, 2026

Prepared By: Manhattan Crypto Capital Quantitative R&D Division

Time Horizon: 12–36 Months

Portfolio Classification: Tactical Quantum Infrastructure Convexity Allocation

Volatility Classification: Extremely High

Executive Summary

Quantum Computing Inc. currently represents one of the highest-convexity speculative quantum infrastructure opportunities within the Manhattan Crypto Capital innovation framework.

The current chart structure reflects:

• prolonged downside exhaustion

• support stabilization

• improving accumulation behavior

• volatility compression

• early-stage momentum recovery attempts

Within the MCC framework, QUBT is classified as:

• an emerging quantum infrastructure allocation

• a tactical convexity position

• a speculative long-duration innovation vehicle

The company’s positioning within:

• quantum computing

• quantum optimization

• photonic quantum systems

• quantum cybersecurity

• next-generation compute infrastructure

creates substantial asymmetry if:

• quantum commercialization accelerates

• enterprise adoption expands

• speculative capital rotates back into quantum infrastructure

The current structure remains statistically constructive while:

• price stabilizes above the $9.79 support region

• downside momentum continues weakening

• volatility compression persists

MCC Quantitative Scoring Framework

Quantitative Factor	Score	Weight	Weighted Score
Trend Structure Quality	71	20%	14.2
Momentum Persistence	68	15%	10.2
Volatility Compression Setup	89	15%	13.3
Support Integrity	83	10%	8.3
Risk / Reward Asymmetry	97	15%	14.5
Volume & Participation	73	10%	7.3
Macro / Sector Strength	88	10%	8.8
Institutional Conviction	57	5%	2.8

Final MCC Quantitative Score

79.4 / 100

MCC Classification

Tactical High-Conviction Convexity Opportunity

MCC Statistical Structure Analysis

Metric	Score
Breakout Probability	76/100
Convexity Potential	99/100
Downside Fragility	86/100
Momentum Continuation Probability	71/100
Volatility Expansion Potential	96/100
Institutional Support Strength	58/100

MCC Market Regime Classification

Current Market Regime

Quantum Infrastructure Stabilization & Reaccumulation

The current structure reflects:

• prolonged volatility compression

• speculative exhaustion

• support stabilization

• early accumulation behavior

Historically, quantum infrastructure names frequently experience:

• violent speculative cycles

• prolonged consolidation periods

• sudden liquidity-driven repricing events

The current statistical profile increasingly resembles:

• reaccumulation

  
  

  rather than:

• active structural breakdown

Technical Structure Overview

Current Structure

QUBT currently reflects:

• downside exhaustion

• repeated support stabilization

• declining downside volatility

• constructive accumulation behavior

The chart structure increasingly suggests:

• speculative accumulation

  
  

  inside:

• a broader long-duration quantum infrastructure theme

The recent pullback toward support appears statistically healthy after:

• short-term speculative momentum spikes

Key Price Levels

Level	Price	Classification
MCC Price Target	$27.23	Primary expansion target
Breakout Resistance	$21	Major supply wall
Intermediate Resistance	$17	Trend pivot
Tactical Buy Zone (BZ1)	$9.79	Primary accumulation
Institutional Buy Zone (BZ2)	$6.67	Secondary accumulation
Deep Value Buy Zone (BZ3)	$3.99	Convexity support
Capitulation Support	$0.47	Extreme downside support
Current Price	~$9.79	Primary support area

Probability-Weighted Scenario Analysis

Scenario	Probability	Expected Outcome
Bear Case	28%	Retest lower support
Base Case	47%	Recovery toward $17–21
Bull Case	25%	Expansion toward $27

Expected Value & Convexity Analysis

Category	Assessment
Expected Value Profile	Attractive
Upside Asymmetry	Extreme
Volatility Risk	Extremely High
Structural Integrity	Moderate
Liquidity Stability	Weak–Moderate
Statistical Opportunity	Favorable

Manhattan Crypto Capital Investment Thesis

1. Quantum Infrastructure Exposure

QUBT provides exposure to:

• quantum optimization systems

• quantum photonic infrastructure

• quantum cybersecurity

• next-generation computational systems

• emerging quantum commercialization

This creates participation in:

• one of the highest long-duration technological asymmetry themes globally

2. Extreme Convexity Profile

The current opportunity exists because:

• speculative expectations remain suppressed

• downside volatility has compressed materially

• support stabilization continues improving

• quantum infrastructure narratives remain early-stage

Historically, similar innovation structures can produce:

• nonlinear upside repricing

  
  

  during:

• renewed liquidity and momentum cycles

3. Volatility Compression Framework

The current chart reflects:

• prolonged consolidation

• decreasing downside momentum

• constructive support retention

• improving accumulation behavior

These conditions frequently precede:

• volatility expansion

• speculative momentum rotation

• directional breakout attempts

MCC Structured Accumulation Plan

Tactical Buy Zone — BZ1

$9.79 Area

Allocation: 40%

Purpose:

• initial accumulation

• support participation

• early momentum positioning

Institutional Buy Zone — BZ2

$6.67 Area

Allocation: 35%

Purpose:

• improved asymmetry

• volatility-adjusted accumulation

• support optimization

Deep Value Buy Zone — BZ3

$3.99 Area

Allocation: 25%

Purpose:

• panic volatility capture

• convexity maximization

• strategic innovation positioning

Profit Rotation Strategy

Level	Action
$17	Trim 15–20%
$21	Rotate additional 25–35%
$27.23	Major distribution target

MCC portfolio discipline prioritizes:

• scaling into weakness

• reducing exposure into euphoric expansion

• preserving realized gains

• maintaining institutional survivability

MCC Risk Management Framework

Full De-Risk Conditions

Exposure should be materially reduced if:

• structure loses $6 support

• quantum infrastructure breadth weakens materially

• liquidity conditions tighten aggressively

• speculative momentum deteriorates substantially

QUBT should be treated strictly as:

• a speculative innovation allocation

  
  

  not:

• a defensive institutional compounder

Portfolio Role Inside Manhattan Crypto Capital

QUBT serves as:

• quantum infrastructure exposure

• speculative convexity positioning

• emerging technology participation

• tactical innovation allocation

Within the MCC framework, QUBT complements:

• AI infrastructure exposure

• photonics allocations

• semiconductor infrastructure

• quantum ecosystem positioning

MCC Final Committee Ratings

Metric	Score
Quantitative Structure	79/100
Momentum Persistence	71/100
Convexity Potential	99/100
Risk-Adjusted Opportunity	82/100
Institutional Quality	57/100
Volatility Risk	95/100
Final MCC Rating	80/100

Final MCC Recommendation

Status

TACTICAL ACCUMULATION

Strategy

Layered DCA with Strict Institutional Risk Controls

Primary Objective

Capture asymmetric upside from quantum infrastructure expansion and speculative innovation repricing.

Secondary Objective

Maintain tactical exposure to one of the highest-convexity emerging technology themes under disciplined institutional portfolio management.

QUBT currently represents one of the stronger speculative quantum infrastructure setups within the Manhattan Crypto Capital framework due to favorable volatility compression, strong asymmetry characteristics, improving support stabilization, and long-duration quantum infrastructure optionality.

CEO Commentary

Quantum Computing Inc. Positioned as Emerging Quantum Infrastructure Opportunity Under Manhattan Crypto Capital Quantitative Framework

“At Manhattan Crypto Capital, we focus on identifying opportunities where long-duration technological transformation intersects with favorable asymmetric statistical structure. Quantum Computing Inc. currently represents a speculative but compelling quantum infrastructure opportunity due to its positioning within one of the earliest stages of next-generation computational infrastructure development.

The current structure reflects prolonged volatility compression, improving support stabilization, and constructive accumulation behavior following significant speculative downside exhaustion. From a quantitative perspective, these conditions frequently improve the probability of future volatility expansion phases when liquidity and momentum rotate back into emerging technology infrastructure themes.

Under the Manhattan Crypto Capital framework, positions such as QUBT are accumulated tactically through staged entries, disciplined risk sizing, and active portfolio oversight. Our objective is not maximizing short-term speculation. Our objective is positioning capital where long-duration convexity materially outweighs downside expectations while maintaining institutional capital preservation principles throughout the cycle.

We believe quantum infrastructure, photonic computing systems, and next-generation computational architectures remain among the most important long-term innovation themes of the coming decade. While volatility remains elevated, the asymmetry profile continues to justify disciplined strategic exposure under the MCC framework.”

Zaid Khan

CEO, Manhattan Crypto Capital

Managing Partner, Manhattan Global Partners

Manhattan Crypto Capital Disclaimer

This material is provided for informational, educational, and research purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation for any security, digital asset, derivative, fund interest, or investment product. Any offer or solicitation may be made only through official offering documents, including applicable Confidential Private Placement Memorandums, subscription agreements, and related legal documentation, and only to qualified and eligible investors in jurisdictions where permitted by law.

Manhattan Crypto Capital and Manhattan Global Partners operate under applicable exemptions including, where relevant, SEC Regulation D Rule 506(c) and Regulation S. Investments discussed may involve substantial risk, including loss of principal, illiquidity, volatility, leverage risk, regulatory risk, and market uncertainty. Past performance is not indicative of future results. Forward-looking statements are inherently uncertain and subject to change without notice.

The content presented reflects quantitative research, market commentary, technical analysis, macroeconomic interpretation, and portfolio construction methodologies that may change based on market conditions. Nothing herein should be construed as legal, tax, accounting, or personalized investment advice. Investors should conduct their own due diligence and consult qualified professional advisors before making investment decisions.

Manhattan Crypto Capital, Manhattan Global Partners, and their affiliates may hold positions in the assets, securities, or investment vehicles discussed and may change such positions without notice. No representation or warranty is made regarding the accuracy or completeness of the information contained herein.

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