Quantum Computing Stock Is Rising Tuesday: Here's Why

Stocks and Investing
Source : (remove) : Benzinga.com
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Tue, December 17, 2024

[ Tue, Dec 17th 2024 ]: Benzinga.com

Quantum Computing Stock Is Rising Tuesday: Here's Why

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Published in Stocks and Investing on Tuesday, December 17th 2024 at 15:01 GMT by Benzinga.com
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Quantum Computing Inc (NASDAQ:QUBT) shares are trading higher Tuesday after the company announced it was awarded a prime contract from NASA for imaging and data processing support.

The article from Benzinga discusses the recent surge in the stock price of D-Wave Quantum Inc (NYSE: QBTS), which saw an increase of over 10% on Tuesday. This rise is attributed to the company's announcement of a new collaboration with Deloitte Canada aimed at exploring quantum computing applications in various industries. The partnership seeks to leverage D-Wave's quantum technology to solve complex optimization problems, potentially enhancing business operations in sectors like finance, logistics, and manufacturing. The news has sparked investor interest, reflecting growing confidence in quantum computing's practical applications and its potential to revolutionize computational capabilities.

Read the Full Benzinga.com Article at:
[ https://www.benzinga.com/24/12/42533581/quantum-computing-stock-is-rising-tuesday-heres-why ]