D-Wave Systems Inc. (QBTS) stock soared 18.94% in the pre-market session on Monday, riding the wave of investor excitement surrounding the rapidly advancing quantum computing technology.
The rally in D-Wave Quantum, a pioneer in the quantum computing field, comes amid growing optimism about the potential of quantum computing to revolutionize various industries, including artificial intelligence, healthcare, and energy storage. Recent breakthroughs, such as Google's unveiling of its latest quantum processor "Willow," have fueled investor enthusiasm for companies operating in this space.
According to reports, Willow solved a complex calculation in just five minutes – a task that would have taken the world's fastest classical supercomputer around 10 septillion years to complete. Additionally, Wall Street analysts have started taking note of quantum computing companies, with several firms initiating coverage with bullish ratings and price targets, further driving investor interest in the sector.
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