Why Did Rigetti Quantum Stock Pop Today?
D-Wave stock jumped on an upgrade today -- but why is Rigetti stock doing even better?
Overview
D-Wave Quantum (NASDAQ: QBTS) stock jumped 6.9% through 1:10 p.m. ET Friday after BMO Capital analyst Harsh Kumar initiated coverage of the quantum computing stock with an outperform rating. Considering that Kumar predicted that D-Wave stock would nearly double over the next year, and hit $35, that's not surprising -- but here's something that is surprising: D-Wave rival Rigetti Computing (NASDAQ: RGTI) stock shot up 9.6% today.
And Kumar didn't mention Rigetti at all!
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
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.