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Fed Rate-Cut Speculation Fuels Quantum Computing Stock Rally
Fed Rate-Cut Speculation Fuels Quantum Computing Stock Rally
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BTCCSquare news:
Quantum computing stocks surged in Friday's trading session as Federal Reserve Chair Jerome Powell's dovish Jackson Hole remarks ignited risk appetite. IonQ (IONQ), Quantum Computing Inc. (QUBT), D-Wave Quantum (QBTS), and Rigetti Computing (RGTI) gained 4-8% on expectations of easier funding conditions for growth companies.
The sector's advance lacked company-specific catalysts, instead reflecting a broader rotation into speculative tech names. Powell's suggestion of potential September rate cuts particularly benefits capital-intensive quantum firms, with IonQ closing at $39.78 (+7%) and QCI reaching $15.83 (+8%).
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