D-Wave Systems Inc. (QBTS) stock soared 5.24% in pre-market trading on Wednesday, riding the wave of a broader rally in quantum computing stocks fueled by positive industry developments.
The surge was led by Quantum Computing Inc. (QUBT), which saw its shares skyrocket 16% in overnight trading after securing a contract from NASA's Goddard Space Flight Center. The company will apply its Dirac-3 entropy quantum optimization machine to enhance NASA's imaging reconstruction and data processing capabilities, potentially yielding long-term benefits for the space agency's big-data processing needs.
The positive sentiment spilled over to other quantum computing stocks, with Rigetti Computing (RGTI) rising 5% and QUANTUM CORP (QMCO) gaining 3% in overnight trading. Investors are increasingly optimistic about the potential of quantum computing technology, which is expected to drive breakthroughs in fields such as materials discovery, cybersecurity, and artificial intelligence.
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