D-Wave Quantum Stock Rises as AT&T Expands Partnership
D-Wave Quantum (QBTS) saw its stock surge over 9% in premarket trading after announcing an expanded partnership with AT&T to integrate D-Wave's quantum computing technology into the telecom giant’s network operations. The deal builds on earlier pilot projects and aims to optimize workloads for AT&T using advanced computational methods. The positive momentum extended beyond D-Wave, as other quantum computing firms like Rigetti Computing (RGTI) and Infleqtion (INFQ) also saw gains of over 3%, while IBM (IBM) rose more than 1%. Despite the recent rally, all three companies have experienced significant volatility this year, with their stocks down by more than 35% year to date. Earlier in May, these firms had seen a rebound after receiving funding commitments from the U.S. Department of Commerce as part of a $2 billion initiative supporting quantum research and development.
Tickers: $CCCXU $IBM $QBTS $RGTI $T
Topics: AT&T partnership D-Wave Quantum (QBTS) Infleqtion (INFQ) quantum computing Rigetti Computing (RGTI)