🟢 QBTS is trading 9% up today after $100 million CHIPS Act funding LOI

QBTS is trading at $28.07 (+9%) in pre-market after D-Wave Quantum signed a Letter of Intent with the U.S. Department of Commerce for $100 million in proposed CHIPS Act funding.

• The move extends a massive surge from Thursday, where the stock closed at $25.74, up 33.37%.
• Shares continued to climb in after-hours trading to $27.21 before the current pre-market gains.
• While broader markets are slightly higher, the price action is primarily driven by the company-specific funding announcement.