Why D-Wave Stock Jumped Today
Shares of D-Wave Quantum (NYSE: QBTS) spiked on Tuesday, finishing the day up 6.8%, but had jumped as much as 11.6% earlier in the day. The rise came as the S 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 0.5% and 0.7%, respectively.
D-Wave, a company developing quantum computing technology, announced the launch of a suite of new artificial intelligence (AI)-focused development tools.
The company announced yesterday that it was releasing "a collection of offerings to help developers explore and advance quantum artificial intelligence (AI) and machine learning (ML) innovation." Included in the release is an open source toolkit and a demo that enable "developers to seamlessly integrate quantum computers into modern ML architectures."
Source Fool.com
