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Why D-Wave Quantum Stock Spiked 50% in October
Yahoo Financeยท 2025-11-04 17:32
Core Insights - D-Wave Quantum's shares surged by 49.9% in October due to a series of positive developments including an innovation award, new sales in Europe, and speculation about potential U.S. government investment [1] Group 1: Investment and Market Activity - JPMorgan Chase announced a $10 billion investment into various sectors, including quantum computing, as part of a $1.5 trillion initiative over the next decade, which fueled investor optimism for D-Wave [3] - Although JPMorgan did not specifically mention D-Wave, the news led investors to speculate on potential investments in the company, contributing to the rise in share price [4] Group 2: Awards and Partnerships - D-Wave was recognized by Fast Company as a winner in the Computing Chips and Foundational Technology category for its Advantage2 quantum computer in the 2025 edition of Next Big Things in Tech [5] - The company secured a 10 million euro commitment from Swiss Quantum Technology to deploy an Advantage2 quantum computer in Europe, allowing customers to access the system via D-Wave's Leap quantum computing cloud service [6] Group 3: Government Involvement Speculation - D-Wave's stock also benefited from reports that the U.S. Commerce Department was in discussions with quantum computing companies for potential equity stakes in exchange for federal funding, although the department later denied these talks [7]