D-Wave Quantum Inc. (QBTS) saw its stock surge 5.02% in pre-market trading on Tuesday, continuing the momentum from Monday's rally in quantum computing stocks. The upward trend in the sector appears to be driven by recent developments involving major tech players.
The quantum computing sector has been experiencing significant gains, with D-Wave Quantum among several companies benefiting from increased investor interest. This surge follows Monday's impressive performance, where some quantum computing stocks saw double-digit percentage increases. Notably, Arqit Quantum rose 31% and Quantum Corp jumped 25% in the previous session.
The catalyst for this sustained rally seems to be reports of Nvidia's potential investment in PsiQuantum, a quantum computing startup. According to The Information, Nvidia is in advanced negotiations for this investment, which has sparked enthusiasm across the quantum computing industry. This news has apparently reignited investor interest in companies operating in this cutting-edge technology sector, including D-Wave Quantum.
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