D-Wave Quantum ( (QBTS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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D-Wave Quantum’s stock experienced unusual movement due to significant advancements highlighted at the Quantum World Congress. B. Riley increased the price target for the company, citing notable technological and commercial progress, especially the transition from a scientific to a commercial focus in their tech development. This progress has led to a positive outlook for the stock.
More about D-Wave Quantum
YTD Price Performance: 179.71%
Average Trading Volume: 43,450,483
Technical Sentiment Signal: Buy
Current Market Cap: $9.19B
For further insights into QBTS stock on TipRanks’ Stock Analysis page.
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