Quantum computing is viewed as a transformative development, potentially humanity's biggest breakthrough. D-Wave Quantum's stock is rising, recently trading at $19.21 with expectations to test $25. B. Riley has raised their price target for D-Wave to $22, with other firms like Canaccord also initiating coverage with a buy rating of $20. The technology holds promise for revolutionizing numerous fields, including drug discovery, artificial intelligence, and green energy, leading to significant government investments exceeding $40 billion over the next decade.
Bank of America described quantum computing as potentially "humanity's biggest breakthrough since the discovery of fire," underscoring its transformative potential across various sectors.
B. Riley raised the price target for D-Wave Quantum (QBTS) to $22 a share, reflecting growing optimism in quantum technology and its market impact.
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