Why D-Wave Stock Skyrocketed 40.2% This Week
Shares of D-Wave Quantum (NYSE: QBTS) skyrocketed this week. The quantum computing start-up's stock finished the week up 40.2% and was up as much as 47.8% earlier in the week. The rise came as the S 500 lost 0.5% and the Nasdaq 100 lost 0.2%.
The stock rallied after the quantum computing company reported positive earnings Thursday. The stock also saw a boost from President Trump's U.K. trade deal and the upcoming talks with China.
D-Wave reported strong quarterly results on Thursday, beating expectations. The company announced revenue of $15 million for its first quarter of 2025, a 509% increase from the $2.5 million reported in the same period last year.
Source Fool.com
