Why D-Wave Quantum Stock Popped Today
D-Wave is investors' favorite quantum computing stock today, but GlobalFoundries is the government's favorite.
Overview
D-Wave Quantum (NASDAQ: QBTS) signed a definitive agreement with the U.S. Department of Commerce today, giving it access to "up to $100 million" in funding under the U.S. CHIPS and Science Act.
D-Wave stock took off like a rocket on the news, soaring 9% through 10:50 a.m. ET Tuesday.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.