Why D-Wave Quantum Stock Soared 17.4% Last Month and Has Inched Higher in August
D-Wave Quantum (NYSE: QBTS) stock posted another month of strong gains in July's trading. The company's share price jumped 17.4% in the month. For reference, the S 500 index's level rose 2.2% in the month, and the Nasdaq Composite gained 3.7%.
D-Wave stock gained ground last month amid generally bullish momentum for growth stocks and continued excitement surrounding quantum computing plays. The company's share price also got significant boosts from bullish analyst coverage.
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Source Fool.com
