Driven by important discoveries and increased market interest, Quantum Computing Inc. ( QUBT , Financials ) and other participants in the growing quantum computing industry have lately seen a jump in stock performance. As the sector picks momentum with government contracts and private sector investments, the gathering marks increasing faith in the ability of quantum technology to transform data processing and problem-solving.

QUBT is up 27.2% over the last five trading days, on last look.

Leading provider of quantum technologies, Quantum Computing Inc., saw a notable rise in stock value after a big deal with NASA. The agreement revolves around using the Dirac-3 photonic optimization solver of the firm for data processing and improved imaging. The declaration emphasizes NASA's desire to use modern quantum technologies into its activities.

Supported by a fresh emphasis on technical innovation in the industry, other quantum computing companies such Rigetti Computing ( RGTI , Financials ) and D-Wave Quantum ( QBTS , Financials ) also reported significant increases. While D-Wave seen its shares increase more than 380%, Rigetti's stock has surged over 500% in recent months. These developments emphasize the quick change and commercial excitement around quantum breakthroughs.

RGTI stock is up 10.4% on Friday; QBTS is up 64.6% over the last five trading days.

But the market boom has also drawn investor activity as large trading volumes generate more volatility. While Rigetti and D-Wave shares dropped more than 30% apiece, Quantum Computing Inc. had a significant decline of almost 45% in recent trading sessions. Although quantum computing is still a transforming technology, analysts warn that the industry is still in its early years and investing in this field is thus naturally dangerous.

The event fits more general industry trends, like Alphabet Inc.'s ( GOOGL , Financials ) unveiling of a breakthrough quantum processor, "Willow," competent of tackling challenging issues in minutes. Such advancements highlight the industry's capacity to challenge established computing models.

This article first appeared on GuruFocus .