Overview

• D-Wave Quantum shares climbed 51.4% for the week, far outpacing gains in the S&P 500 and Nasdaq.
• The Federal Reserve cut its benchmark rate by a quarter point, and Chair Jerome Powell signaled two more reductions are likely this year, boosting speculative names.
• Sector sentiment strengthened after Rigetti Computing secured a three-year, $5.8 million Air Force Research Laboratory contract, though no new D-Wave government deal was announced.
• Cyberscoop reported, citing unnamed sources, that the Trump administration is considering executive actions to support U.S. quantum initiatives, a prospect that remains unconfirmed.
• Television host Jim Cramer called D-Wave “pretty interesting” and said positive quantum headlines, including an IonQ memorandum with the Department of Energy, can trigger sharp rallies.