Quantum Gold Rush: D-Wave (QBTS) Stock Skyrockets 3000% on Breakthroughs and Government Buzz – Can the Rally Last?
D-Wave Quantum (NYSE: QBTS) soared from $1 to $46.75 per share in under a year before retreating to the mid-$30s, with intra-day swings of up to 20%. The stock surged up to 16% after reports of possible U.S. government investment, though officials denied active talks. D-Wave announced redemption of 5 million public warrants and secured an €10 million deal to deploy its quantum computer in Italy.