Why D-Wave Stock Skyrocketed 40.2% This Week
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D-Wave Quantum's stock surged 40.2% this week, driven by strong quarterly earnings of $15 million, a 509% increase year-over-year. The rise occurred amid a decline in the S&P 500 and Nasdaq 100, and was bolstered by President Trump's U.K. trade deal and potential tariff reductions with China. CEO Alan Baratz highlighted the company's achievement of "quantum supremacy" as a significant milestone. However, experts caution that while D-Wave shows promise, the quantum technology sector may take years to mature, suggesting investors diversify their holdings in quantum stocks.
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