Quantum Industry Stocks Soar: What's Behind the D-Wave, Quantum Computing and IonQ Gains?

D-Wave Quantum Inc. QBTS, Quantum Computing Inc. QUBT and IonQ, Inc. IONQ shares are soaring on Monday. Here’s what you need to know.

What To Know: Amazon Web Services announced the Quantum Embark Program, which builds on Amazon Bracket.

The program consists of three service offerings. The Use Case Discovery helps customers identify potential business applications for quantum computing. The Technical Enablement workshop provides in-depth knowledge and hands-on experience with quantum computing. Finally, the Deep Dive program focuses on exploring specific quantum computing applications.

Stocks in the quantum industry may be moving higher following Amazon Web Services’ announcement as the expanded program helps businesses understand how quantum computing can address their problems, potentially driving up demand for quantum solutions.

Last week, IonQ showcased a hybrid quantum computing workflow combining its quantum hardware with NVIDIA Inc.‘s NVDA CUDA-Q platform. Additionally, several technology stocks across various sectors rose following Snowflake Inc.‘s SNOW better-than-expected third-quarter earnings for 2024.

Quantum stocks are buzzing on social media Monday morning. Quantum Computing shares have surged over 235%, D-Wave is up 115% and IonQ has climbed 28% in the past week.

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Price Action: At the time of publication, D-Wave Quantum shares are moving 10.1% higher at $3.23, Quantum Computing stock is trading 35.3% higher at $8.3, IonQ stock is moving 3.57% higher at $32.96, according to data from Benzinga Pro.

Image: Courtesy of IonQ, Inc.