Shares of D-Wave Quantum Inc. (QBTS) surged by 8.64% in pre-market trading on Thursday, January 16th, as the quantum computing sector received a boost from tech giants Microsoft and NVIDIA.
The rally appears to be driven by Microsoft's announcement of its "Quantum Ready" program aimed at helping businesses prepare for the adoption of quantum computing. In a blog post, the tech giant declared 2025 as "the year to become quantum-ready," citing the accelerating pace of quantum research and development. This positive outlook from Microsoft fueled investor enthusiasm for quantum computing stocks like D-Wave.
Additionally, NVIDIA revealed plans to host its first-ever Quantum Day at its GPU Technology Conference in March. While NVIDIA's CEO Jensen Huang recently suggested that practical quantum computing may still be decades away, the company's renewed focus on the field has also contributed to the sector's momentum.
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