D-Wave Quantum Inc.
(NYSE:QBTS) rallied on Monday, adding to a run that has seen the stock climb more than 35% since the U.S.
Commerce Department took a $100 million stake in the company through a CHIPS Act award, a gain highlighted by the Nancy Pelosi Tracker account on X.
Government Bet Pays Off The award was part of the administration's efforts to strengthen domestic semiconductor manufacturing and support strategically important computing technologies.
Monday's rally was fueled by positive analyst forecasts, which added to investor enthusiasm around D-Wave and the broader quantum computing sector.
