&w=1200&q=75)
Top Stocks to Watch: D-Wave Quantum, IBM, Infleqtion, Rigetti Computing, and Walmart
D-Wave Quantum, IBM, Infleqtion, Rigetti Computing And Walmart: Why These 5 Stocks Are On Investors' Radars Today
Image: Benzinga
Major U.S. indices rose on Thursday, with notable gains in stocks related to quantum computing. D-Wave Quantum surged 33.37% after securing $100 million in funding, while IBM's stock increased 12.48% following its announcement of a quantum foundry. Conversely, Walmart's shares fell 7.27% despite reporting strong quarterly revenue.
- 01D-Wave Quantum's stock reached an intraday high of $25.83, closing at $25.74 after a 33.37% increase.
- 02IBM announced America's first quantum foundry, supported by a $1 billion investment, leading to a 12.48% rise in its stock.
- 03Infleqtion's stock jumped 31.48% to $14.70, following news of a proposed $100 million funding deal under the CHIPS Act.
- 04Rigetti Computing's shares rose 30.57% to $22.04, bolstered by government plans to support the quantum computing sector.
- 05Walmart reported first-quarter revenue of $177.8 billion, but its stock fell 7.27% due to concerns over future earnings and inflation.
Advertisement
In-Article Ad
On Thursday, major U.S. stock indices closed higher, with the Dow Jones Industrial Average up 0.55% to 50,285.66, the S&P 500 gaining 0.17% to 7,445.72, and the Nasdaq increasing 0.09% to 26,293.09. Notably, D-Wave Quantum Inc. (NASDAQ:QBTS) saw its shares soar 33.37% to close at $25.74 after announcing a $100 million funding agreement under the U.S. CHIPS and Science Act, aimed at enhancing its quantum computing technologies. IBM (NYSE:IBM) also performed well, with its stock rising 12.48% to $252.97 following the announcement of America's first quantum foundry, backed by a $1 billion investment from the CHIPS Act. Infleqtion Inc. (NYSE:INFQ) experienced a 31.48% increase, closing at $14.70, due to a proposed funding deal under the same act. Rigetti Computing Inc. (NASDAQ:RGTI) rose 30.57% to $22.04, fueled by government support for quantum computing. In contrast, Walmart Inc. (NYSE:WMT) reported a 7.27% decline in its stock to $121.34, despite reporting first-quarter revenue of $177.8 billion, which exceeded analyst expectations. The company warned of potential price inflation in the coming quarters.
Advertisement
In-Article Ad
The significant gains in quantum computing stocks indicate a growing interest and investment in this technology sector, which could lead to advancements in related industries.
Advertisement
In-Article Ad
Reader Poll
Do you believe quantum computing will significantly impact future technology?
Connecting to poll...
More about D-Wave Quantum
Read the original article
Visit the source for the complete story.