D-Wave Quantum Inc. (QBTS) stock skyrocketed 14.61% in the intraday trading session on Tuesday, outperforming the broader market as quantum computing stocks witnessed a rally.
The surge in D-Wave's share price was part of a broader upswing in the quantum computing sector. According to reports, Rigetti Computing soared an impressive 21%, while Quantum Computing Inc. saw its stock climb 8%.
While the specific catalyst behind the sector-wide rally remains unclear, market participants are speculating that positive sentiment or potential breakthrough developments in the quantum computing industry may have fueled the upward momentum.
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