Why D-Wave Quantum Stock Was Winning Big This Week
The looming installation of one of D-Wave Quantum's (NYSE: QBTS) quantum computing systems was the news drawing investors to the company's stock over the past few days. As the market prepared to take a break for the weekend D-Wave Quantum shares had risen almost 18% in value week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.On Wednesday, D-Wave announced that, in conjunction with local tech company Davidson Technologies, it had completed the assembly phase of a D-Wave Advantage2 annealing quantum system in Huntsville, Alabama. The company added that with this part of the project complete, the installation is nearly finalized. When complete, the system will sit in a secure facility tailored for the needs of quantum computing, D-Wave added. The security is also appropriate given the company's list of federal government and aerospace industry clients.Continue reading
The looming installation of one of D-Wave Quantum's (NYSE: QBTS) quantum computing systems was the news drawing investors to the company's stock over the past few days. As the market prepared to take a break for the weekend D-Wave Quantum shares had risen almost 18% in value week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.
On Wednesday, D-Wave announced that, in conjunction with local tech company Davidson Technologies, it had completed the assembly phase of a D-Wave Advantage2 annealing quantum system in Huntsville, Alabama. The company added that with this part of the project complete, the installation is nearly finalized.
When complete, the system will sit in a secure facility tailored for the needs of quantum computing, D-Wave added. The security is also appropriate given the company's list of federal government and aerospace industry clients.