D-Wave Quantum Inc. (QBTS) stock surged 5.72% in the intraday trading session on Tuesday, outperforming the broader market as investors rallied around quantum computing stocks.
The rally in D-Wave's share price was part of a broader upswing in the quantum computing sector. Reports indicate that Rigetti Computing soared an impressive 21%, while Quantum Computing Inc. saw its stock climb 8%. The surge in these stocks is speculated to be driven by positive sentiment or potential breakthrough developments in the quantum computing industry.
Quantum computing stocks popped on Tuesday as the Nasdaq composite also climbed, with investors mulling President Donald Trump's recent executive order easing artificial intelligence regulation. Many expect synergies between artificial intelligence, which requires immense computing power, and quantum computing, fueling investor interest in the sector.
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