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D-Wave Quantum’s Stock Surge and Market Position
D-Wave Quantum (NYSE: QBTS) has experienced a remarkable stock surge of over 1,281% in the past year, currently trading at $16.79 per share with a market capitalization of $5.25 billion. The company has made significant advancements in quantum computing, including the release of a model featuring 4,400 qubits, and a 75% reduction in noise, enhancing the accuracy and speed of calculations.
The recent performance has led to speculation about a potential stock split, common among companies that see substantial stock price increases. However, D-Wave has just completed a $400 million equity offering and remains compliant with NYSE listing requirements, suggesting that a reverse stock split may not be imminent.
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