10 Firms Stand Out Amid Market Downturn

5. D-Wave Quantum Inc. (NYSE:QBTS)

D-Wave Quantum Inc. (NYSE:QBTS) grew its share prices by 13 percent on Thursday to close at $7.39 apiece, as investors bought up on news of advancements in the quantum computing industry.

On Wednesday, technology giant Microsoft Inc. (NASDAQ:MSFT) introduced Majorana 1, the world’s first quantum chip powered by a new Topological Core architecture that is expected to support quantum computers’ capability of solving meaningful, industrial-scale problems in years, and not decades.

The optimism dribbled into quantum computing stocks, including QBTS.

The news followed QBTS’ announcement on Wednesday that it developed, along with Staque Solutions, a commercial hybrid-quantum application that would help accelerate computing solutions for agricultural decision-makers. It was expected to enhance agri robotics, farming sustainability, planning for ever-changing conditions, and most importantly, perk up crop production.