D-Wave Stock Gets $100 Million Government Boost, Faces Test After Holiday
D-Wave Quantum shares closed at $29.40 Friday after surging on news of a possible $100 million CHIPS Act grant that would involve issuing stock to the U.S. government. The stock traded between $25.61 and $31.54, with volume at 141.7 million shares. U.S. markets are closed Monday for Memorial Day. Investors await details on the grant, potential dilution, and D-Wave’s investor day on June 1.