Top Large-Cap Gainers: Quantum Computing and AI Stocks Surge
D-Wave, Dell, And IonQ Are Among Top 10 Large-Cap Gainers Last Week (May 18-May 22): Are the Others in Your Portfolio?
Benzinga
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Last week, stocks linked to quantum computing and artificial intelligence saw significant gains, driven by government funding and positive analyst sentiment. Notable performers included Arm Holdings, D-Wave Quantum, and Astera Labs, each experiencing substantial increases amid a broader market rotation toward next-generation computing.
- 01Arm Holdings plc surged by 46.09%, influenced by Nvidia's strong results and data center momentum.
- 02D-Wave Quantum Inc. rose 46.20% following a $100 million funding announcement from the U.S. Department of Commerce.
- 03Astera Labs, Inc. gained 40.61% after disclosing proposed sales of 280,000 shares worth approximately $60.4 million.
- 04Guardant Health, Inc. increased by 22.03% after FDA approval of its Guardant360 Liquid CDx test for advanced cancer patients.
- 05GlobalFoundries Inc. launched a new Quantum Technology Solutions business and received a $375 million funding commitment from the U.S. Department of Commerce.
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Last week, the stock market saw a notable rise in large-cap companies associated with quantum computing and artificial intelligence, primarily driven by fresh government funding, analyst optimism, and product expansions. Arm Holdings plc experienced a 46.09% increase, buoyed by strong results from Nvidia and momentum in data centers. D-Wave Quantum Inc. rose 46.20% after announcing a Letter of Intent with the U.S. Department of Commerce for $100 million in funding aimed at developing its quantum systems. Other significant gainers included Astera Labs, which jumped 40.61% following disclosures of substantial share sales, and Guardant Health, which saw a 22.03% increase after receiving FDA approval for its cancer genomic profiling test. Additionally, Dell Technologies Inc. and GlobalFoundries Inc. also reported gains, with GlobalFoundries launching a new business focused on quantum technology and securing $375 million in funding from the U.S. government. The overall trend reflects a shift towards investing in next-generation computing technologies.
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Investors in quantum computing and AI sectors may see increased portfolio values as these stocks gain traction.
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