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Benzinga
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Quantum Stock Tracker: Early Rally Fades, Rigetti And D-Wave Still Up On The Week

1. JPMorgan pledged $10 billion for quantum computing investment. 2. RGTI stock surged 113% due to strong fundamentals and key contracts. 3. QBTS rallied 25% on Monday, recording significant market interest. 4. QBTS experienced a minor pullback, down nearly 5% on Friday. 5. Market fluctuations seen in quantum stocks influenced by investor sentiments.

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FAQ

Why Bullish?

The significant investment by JPMorgan indicates strong institutional confidence in quantum computing's future. QBTS benefiting from overall bullish sentiment in the sector, despite minor pullbacks.

How important is it?

JPMorgan's large investment significantly legitimizes quantum stocks, including QBTS, likely attracting more investors.

Why Short Term?

The immediate market reaction to JPMorgan's announcement may boost QBTS temporarily, similar to past bullish trends following major tech investments.

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