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Quantum stocks Rigetti Computing and D-Wave surged double-digits this week. Here's what's driving the big move

1. Quantum computing stocks gained significantly this week, with major players surging. 2. Rigetti announced $5.7 million in purchase orders for quantum systems. 3. Major investments in quantum funds were made by Novo Nordisk and Denmark. 4. Nvidia highlighted advances in accelerated computing for quantum breakthroughs. 5. Tech giants are increasing investments in quantum technology this year.

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Why Bullish?

Strong performances by peers indicate heightened investor confidence in the quantum sector. Historical trends suggest similar stock behavior following industry-wide growth, benefiting companies like QBTS.

How important is it?

The surge in investment and confidence in quantum tech directly impacts QBTS as industry momentum builds.

Why Short Term?

Immediate sentiment shifts and investment trends typically affect stock prices quickly within the quantum sector. Recent performances of similar stocks suggest potential short-term gains for QBTS.

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