Stock Track | D-Wave Quantum Soars 5.57% Intraday on Technical Rebound After Profit-Taking, Boosted by CHIPS Act Funding

Stock Track

May 28

D-Wave Quantum Inc.'s stock surged 5.57% during Thursday's intraday trading, marking a significant rebound after recent declines.

The rise is attributed to a technical recovery following extended selling pressure. The stock had previously rallied sharply after the company announced a preliminary agreement with the U.S. Department of Commerce to receive up to $100 million in funding through the CHIPS and Science Act, which aims to accelerate quantum computing research and commercialization. After that rally, investors engaged in profit-taking over multiple sessions, but selling pressure now appears largely exhausted, prompting a bounce.

D-Wave Quantum is a pioneer in quantum computing, providing full-stack systems, software, and services focused on commercial deployment.

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