D-Wave Quantum Inc. (QBTS) stock is set to continue its upward trajectory, surging 5.93% in pre-market trading on Friday. This latest jump comes as part of a broader rally in the quantum computing sector, fueled by recent product launches and growing investor interest in quantum technology companies.
The company's stock has been gaining momentum throughout the week, following the unveiling of its newest quantum computer, Advantage2. D-Wave's CEO Alan Baratz hailed the machine as "a significant milestone not just for D-Wave, but for the quantum computing industry as a whole." This announcement has apparently sustained investor enthusiasm, contributing to the stock's continued rise.
Adding to the bullish sentiment, options market activity for D-Wave has been notably high. Recent data shows a 64% increase in D-Wave option contracts traded compared to the previous day, with call options accounting for 68% of the overall trades. This suggests strong optimism among options traders about the stock's future performance.
The quantum computing sector as a whole has seen significant gains, with industry peer IonQ rising 36% and other companies in the space also experiencing substantial increases. As quantum computing technology continues to advance and attract attention, D-Wave Quantum appears well-positioned to benefit from the growing interest in this innovative field.
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