SkyWater Technology shares surge 10.54% intraday after Q3 earnings beat and quantum computing partnerships drive optimism.

SkyWater Technology (SKYT) surged 10.54% intraday following its announcement to participate in the 14th Annual NYC Summit, a high-profile event likely amplifying investor confidence in its quantum computing initiatives. The stock’s rally aligns with recent positive developments, including record Q3 2025 earnings, a quantum-classical collaboration with Silicon Quantum Computing, and a partnership with QuamCore to advance scalable quantum technologies. These strategic moves, coupled with upgraded price targets (e.g., $21.42 at MSN) and analyst upgrades, reinforced optimism about SKYT’s role in next-generation semiconductor innovation. While insider sales in November raised short-term skepticism, the intraday surge suggests market focus shifted to the company’s technological momentum and financial performance, overshadowing near-term selling pressures.