Why D-Wave Quantum Inc. (QBTS) Went Up On Friday
From Yahoo Finance: 2025-05-02 22:22:00
The stock market rallied on Friday, with all major indices posting strong gains as investors reacted positively to better-than-expected non-farm payrolls and corporate earnings. The Nasdaq led the way with a 1.51% increase, followed by the S&P 500 at 1.47% and the Dow Jones at 1.39%.
D-Wave Quantum Inc. (QBTS) saw its stock prices surge by 13.32% on Friday, closing at $7.91 per share. This increase came as investors eagerly awaited the company’s earnings performance and aligned their bets with the overall market optimism.
Despite recent criticism from a short seller, which questioned D-Wave Quantum’s core technology and strategy, investors remained bullish on the company. QBTS ranks 8th on the list of Friday’s top performers, but some believe that other AI stocks may offer greater potential for higher returns in a shorter time frame.