Quantum Computing Stocks Rise on Deal Announcements and Market Optimism
Quantum computing stocks saw significant gains midday Monday, driven by two major deal announcements and an overall positive market environment. D-Wave Quantum (NYSE:QBTS) surged 11% to $20.08 following a collaboration with Nasdaq Verafin aimed at developing quantum-hybrid applications for fraud detection in the financial sector. IonQ (NYSE:IONQ) rose 9% after completing its $1.8 billion acquisition of SkyWater Technology, which is expected to enhance vertical integration and accelerate fault-tolerant quantum development. The broader market supported these gains as the NASDAQ 100 climbed 1.52%, buoyed by reduced geopolitical tensions following President Trump's decision not to strike Iran. Rigetti Computing (NASDAQ:RGTI) also rose nearly 7% while Quantum Computing Inc. (NASDAQ:QUBT) gained around 8%. Both stocks were riding the sector-wide momentum rather than specific news. The Defiance Quantum ETF (NASDAQ:QTUM), which offers diversified exposure to quantum computing, climbed a more moderate 3%, reflecting its broader basket of holdings and lower volatility compared to pure-play names like IonQ or D-Wave.
Tickers: $IONQ $QBTS $QTUM $QUBT $RGTI $SKYT