Why Some Quantum Computing Stocks Soared Last Month (While Others Slumped)
Quantum computing stocks went in different directions last month. See what it means for your investment strategy in this red-hot computing field.
Stocks in the quantum computing industry went all over the place in March. According to data from S&P Global Market Intelligence, D-Wave Quantum (NYSE: QBTS) rose 38.7%, and Quantum Computing (NASDAQ: QUBT) gained 31.9%. At the same time, shares of Rigetti Computing (NASDAQ: RGTI) fell 6.4%, and IonQ (NYSE: IONQ) took a 10.2% price cut.
It was a busy month, for sure:
Let's start with the biggest gain. On March 12, D-Wave said it had applied its annealing quantum computing systems to solve "a useful, real-world problem." The company's PR department laid it on thick, citing a "landmark" paper that "unequivocally validates" this industry-first achievement.
