Key Points
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Investors bid up D-Wave Quantum stock in conjunction with the Federal Reserve’s move to cut interest rates this week.
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D-Wave stock also got a big boost from a competitor’s new contract with the Air Force Research Lab.
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A recent report suggests that the Trump administration could take steps to advance the U.S.’s quantum computing capabilities.
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Investors bid up D-Wave Quantum stock in conjunction with the Federal Reserve’s move to cut interest rates this week.
D-Wave stock also got a big boost from a competitor’s new contract with the Air Force Research Lab.
A recent report suggests that the Trump administration could take steps to advance the U.S.’s quantum computing capabilities.
D-Wave Quantum (NYSE: QBTS) stock recorded explosive gains over this week’s trading. The company’s share price surged 51.4% in a stretch that saw the S&P 500 rise 1.2% and the Nasdaq Composite rise 2.2%.
Like many other growth-dependent stocks, D-Wave Quantum got a big valuation boost this week thanks to the Federal Reserve cutting interest rates. D-Wave’s share price also saw big gains as a result of some promising quantum computing news.
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