Shares of D-Wave Systems Inc. (QBTS) surged 7.92% in the pre-market session on Sunday, December 22, 2024, as the quantum computing company continues to ride the wave of investor enthusiasm for the rapidly advancing technology.
The stock's upward movement comes amid growing excitement about the potential of quantum computing to revolutionize various industries, including artificial intelligence, healthcare, and energy storage. D-Wave Quantum, a pioneer in the field, is seen as a key beneficiary of this technological shift.
According to an article published by InvestorPlace, quantum computing is being hailed as a "gargantuan opportunity" that investors shouldn't overlook. The article highlights recent breakthroughs in quantum computing, including Google's unveiling of its latest quantum processor, Willow, which solved a complex calculation in just five minutes – a task that would have taken its fastest classical supercomputer around 10 septillion years to complete.
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