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D-Wave (QBTS) Spikes Up 44% on Govt Backing
Key takeaways
- D-Wave (QBTS) Spikes Up 44% on Govt Backing Angelica Ballesteros Mon, May 25, 2026 at 7:48 PM GMT+7 2 min read QBTS D-Wave Quantum Inc.
- The US Department of Commerce announced on Thursday that it would invest over $2 billion in nine companies in a bid to support US leadership in quantum computing.
- (NYSE:QBTS) alone secured $100 million in fresh funds from the department in exchange for its shares valued at that amount, essentially making the DOC an investor.
D-Wave (QBTS) Spikes Up 44% on Govt Backing Angelica Ballesteros Mon, May 25, 2026 at 7:48 PM GMT+7 2 min read QBTS D-Wave Quantum Inc. (NYSE:QBTS) is one of the 10 Stocks With Stunning Double-Digit Gains.
D-Wave saw its share prices increase by 44.5 percent week-on-week, as investors took heart from its recently secured $100-million financial backing from the US government to help accelerate the development of quantum computers.
The US Department of Commerce announced on Thursday that it would invest over $2 billion in nine companies in a bid to support US leadership in quantum computing.
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