Why Did D-Wave Quantum Stock Skyrocket 14% Today?
Shares of D-Wave Quantum (NYSE: QBTS) jumped on Thursday, finishing up 14%. The spike comes as the S 500 (SNPINDEX: ^GSPC) was flat and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.4%.
The quantum computing stock is moving along with the rest of the quantum market after Rigetti Computing announced it sold two of its Novera quantum computing systems. The news is a big win for the company, as the combined $5.7 million value of the orders represents more than half of the company's entire top line in 2024. It was taken as a bullish sign for quantum in general, helping to lift D-Wave stock as well.
Source Fool.com
