D-Wave Systems Inc. (QBTS) stock surged 5.12% in pre-market trading on Thursday, riding the wave of investor excitement around the quantum computing sector.
The quantum computing industry has seen explosive growth in 2024, with stocks like Quantum Computing (QUBT) and Rigetti Computing (RGTI) skyrocketing over 1,600%. Alphabet's revelation of its "Willow" quantum chip, capable of tackling 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. However, much of the frenzy remains speculative, as traders rush to capitalize on the technology's potential, driving volatility in stock prices.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.