Why D-Wave Quantum Inc. (QBTS) Soared On Friday

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Why D-Wave Quantum Inc. (QBTS) Soared On Friday

We recently published a list of

This is the hidden content, please

• Sign In
• or
• Sign Up

. In this article, we are going to take a look at where D-Wave Quantum Inc. (NYSE:QBTS) stands against other Friday’s best-performing stocks.

D-Wave Quantum grew its share prices by 13.05 percent on Friday to finish at $18.62 apiece as investors resumed buying following news that its new quantum computer, said to be capable of solving problems beyond the capabilities of a classical GPU-based supercomputer, is now generally available in the market.

Called the Advantage2, the new quantum computer features a 4,400+ qubit processor with improved coherence and connectivity. It targets real-world applications in optimization, materials simulation, and AI, and features a 75 percent reduction in noise and a 40 percent energy scale increase over the predecessor Advantage(TM) quantum system.

Why D-Wave Quantum Inc. (QBTS) Soared On Friday

A modern computer datacenter, running an advanced quantum computer system.

In other news, D-Wave Quantum Inc. (NYSE:QBTS) recently raised $95.8 million from the issuance of warrants.

Under the transaction, approximately 8.33 million warrants were exercised at a price of $11.50 apiece.

The warrants were assumed by D-Wave Quantum Inc. (NYSE:QBTS) in connection with its merger with DPCM Capital Inc., which was completed on August 5, 2022.

Overall, QBTS ranks 6th on our list of Friday’s best-performing stocks. While we acknowledge the potential of QBTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the

This is the hidden content, please

• Sign In
• or
• Sign Up

READ NEXT:

This is the hidden content, please

• Sign In
• or
• Sign Up

 and 

This is the hidden content, please

• Sign In
• or
• Sign Up

.

Disclosure: None. This article is originally published at 

This is the hidden content, please

• Sign In
• or
• Sign Up

.

This is the hidden content, please

• Sign In
• or
• Sign Up

#DWave #Quantum #QBTS #Soared #Friday

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up