Stock Track | D-Wave Systems Soars 5.73% in Pre-market as Quantum Computing Stocks Rally

Stock Track

Dec 09, 2024

Shares of D-Wave Systems Inc. (QBTS), a leader in quantum computing systems and services, soared 5.73% in pre-market trading on Monday, riding the wave of growing investor enthusiasm for the quantum computing industry.

The surge comes as quantum computing stocks, including Rigetti Computing, Quantum Computing Inc., and QUANTUM CORP, experienced significant gains in overnight trading. This rally was fueled by positive comments from D-Wave's CEO, Dr. Alan Baratz, who highlighted the company's leading position in commercial quantum computing and the widespread adoption of its annealing quantum computers across various industries.

Additionally, Amazon's recent announcement of an advisory program aimed at helping companies leverage quantum computing technology has further boosted investor confidence in the sector. This move underscores the growing potential of quantum computing and its applications across various industries, driving demand for companies like D-Wave that specialize in this emerging field.

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