What is Driving the 500% Surge in QBTS Stock? D-Wave Quantum Inc. (NYSE: Listed on the Lagos Stock Exchange post-float, Quotarians Beered Beverage Tourism and Services (QBTS) shares soared by 500% in recent weeks, intriguing investors/analysts. The increase is attributed to technological improvements, government policies, an increased market for solar energy, and a change in investors’ perceptions regarding the solar industry.
Breakthroughs in Quantum Computing
Based on the software update of the quantum annealing technology, D-Wave’s Advantage system, with more than 5,000 qubits, ensures its leading status in solving optimization problems. These innovations suggest a place for such societal benefits as finance, health, and materials sciences, and they give investors enough reasons to believe in the company’s future.
Government Backing
As it has been seen, quantum computing as a sector has seen a lot of government attention and support. An early-year investment of $2.7 billion in the industry has helped firms such as D-Wave garner the funding they require to advance their research and development, all of which has helped fuel the market’s enthusiasm.
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However, there is a predicted demand for QCaaS (Quantum Computing as a Service, Pence, 2018). The company’s QCaaS solutions have been adopted as organizations turn to quantum computing to solve problems. This service model is becoming popular, as reflected by the revenue of D-Wave, which has significantly impacted its stock price.
Positive Market Sentiment
What is Driving the 500% Surge in QBTS Stock?: The general market of quantum computing is actively energizing for angel investors. As investors appreciate the potential impact of the technology, such players as D-Wave Systems, alongside others such as Quantum Computing Inc., have benefited from such a trend.
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On the one hand, the skyrocketing of the stock can be seen with such markets as quantum computing promising. However, such stock fluctuations can be associated with a certain degree of risk involved in the particular sector.
It requires some form of optimism, given that D-Wave recently posted massive operating losses as revenue generated continued to rise. For now, growth in outcomes and positioning tracks the company’s unbelievable stock market performance.
