D-Wave Quantum Inc. (QBTS) shares are soaring 11.39% during intraday trading on Friday, as the quantum computing sector experiences a broad rally. The significant uptick in QBTS stock comes as several other quantum computing companies also post substantial gains, indicating strong investor interest in the sector.
Adding to the upward momentum, D-Wave Quantum has seen notably bullish options activity. Market data reveals that 29,185 calls are trading for QBTS, which is 1.9 times the expected volume. This surge in call options suggests that traders are positioning themselves for potential further upside in the stock. Additionally, the implied volatility for QBTS options has increased by over 2 points to 108.51%, reflecting heightened market expectations for future stock movements.
The quantum computing industry as a whole is enjoying a strong day in the markets. Other notable gainers include Rigetti Computing, which surged 14%, Sealsq, which soared 12%, and IONQ, which rose 11%. This sector-wide rally underscores growing investor optimism about the potential of quantum computing technologies and their future applications across various industries.
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