Why D-Wave Quantum Stock Is Skyrocketing Today
D-Wave Quantum (NYSE: QBTS) stock is surging higher Wednesday. The company's share price was up 13.6% as of 2:30 p.m. ET and had been up as much as 16.2% earlier in trading.
D-Wave's valuation is climbing today after unveiled its new quantum-computing chip. With today's gains, the quantum-computing specialist's stock is now up 292.5% over the last year.
Microsoft took the wraps off its new quantum-computing chip today, and the unveiling is powering valuation gains for D-Wave and other companies in the quantum industry. Microsoft's Majorana 1 chip is built on a new kind of architecture. It uses a new kind of conductor to observe and control Majorana particles, which are a type of particle identical to their own antiparticles.
Source Fool.com
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