D-Wave Quantum Inc. (QBTS) experienced a significant surge in its stock price, soaring 11.39% during Friday's intraday trading session. This impressive rally comes as part of a broader upward trend observed across the quantum computing sector.
The quantum computing industry witnessed a notable uptick, with several key players posting substantial gains. Rigetti Computing led the pack with a 14% increase, followed by Sealsq with a 12% surge. Other prominent names in the sector, such as IONQ and QUBT, also saw significant rises of 11% and 10% respectively. This sector-wide rally suggests growing investor confidence in the potential of quantum computing technologies.
Adding to the positive sentiment surrounding D-Wave Quantum, bullish options activity was detected for the stock. Trading volume for QBTS calls reached 29,185, nearly double the expected volume. Additionally, the implied volatility for these options increased by over 2 points to 108.51%. This heightened options activity indicates strong investor optimism about D-Wave Quantum's near-term prospects, likely contributing to the stock's impressive intraday performance.
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