D-Wave Systems Inc. (QBTS) stock jumped 5.83% in pre-market trading on Thursday, riding the wave of investor excitement around quantum computing stocks. The surge came amidst a broader rally in the sector, fueled by recent advances and speculative trading.
The quantum computing industry has seen explosive growth in 2024, with stocks like Quantum Computing (QUBT) and Rigetti Computing (RGTI) skyrocketing 1,786% and 1,647% respectively. Alphabet's breakthrough "Willow" quantum chip, capable of solving complex problems in minutes, has been a major catalyst for the sector.
Investor interest in quantum computing has been further bolstered by government contracts and practical applications. QUBT landed a NASA deal to utilize its quantum optimization machine for improved imaging and data processing. However, much of the frenzy remains hypothetical, as traders rush to capitalize on the technology's potential.
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