Why D-Wave Quantum Stock Skyrocketed This Week
D-Wave Quantum (NYSE: QBTS) stock recorded explosive gains over this week's trading. The company's share price surged 51.4% in a stretch that saw the S 500 rise 1.2% and the Nasdaq Composite rise 2.2%.
Like many other growth-dependent stocks, D-Wave Quantum got a big valuation boost this week thanks to the Federal Reserve cutting interest rates. D-Wave's share price also saw big gains as a result of some promising quantum computing news.
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Source Fool.com
