D-Wave Quantum and IonQ Stand Out as Top Mid-Cap Stock Performers Last Week

In the past week, several mid-cap stocks have shown impressive performance. Notably, two stocks worth highlighting are D-Wave Quantum Inc. and IonQ Inc. Their recent gains have sparked interest among investors. Are they part of your investment portfolio?

D-Wave Quantum Inc. Sees Remarkable Growth

D-Wave Quantum Inc. (NYSE: QBTS) experienced a staggering increase of 95.95% in its stock price. This surge followed the company’s announcement of a substantial 502% year-over-year increase in its fourth-quarter bookings. The bookings reached an impressive $18.3 million, showcasing a strong demand in the quantum computing sector.

Protagonist Therapeutics Shares Surge

Another company making waves is Protagonist Therapeutics, Inc. (PTGX), whose stock rose by 42.84% after positive news regarding its Phase 2b ANTHEM-UC study of icotrokinra, a treatment for ulcerative colitis. The study successfully met its primary endpoint across all evaluated dose groups, leading analysts to adjust their price forecasts upward for the stock.

Other Notable Performers

Additionally, Veren Inc. (VRN) saw its shares increase by 24.24% following a merger agreement with Whitecap Resources Inc., valued around C$15 billion (or $10.4 billion). Meanwhile, IonQ Inc. (NYSE: IONQ) witnessed a 21.65% rise as the company announced it now holds nearly 400 granted and pending global patents related to quantum networking technology.

Furthermore, Rigetti Computing (RGTI) experienced a growth of 20% likely due to a recovery from previous declines along with overall sector performance benefiting from softer-than-expected February inflation data. Semtech Corp. (SMTC) also reported a price increase of 18.21% after exceeding fourth-quarter financial expectations, prompting several analysts to raise their price projections.

Other stocks rounding out the gains include Orla Mining Ltd. (ORLA), which rose 15.52%, and Hesai Group (HSAI), which saw a 15.45% increase after securing a significant multi-year deal with Mercedes-Benz to supply LiDAR sensors. These developments highlight a dynamic week for mid-cap stocks in various industries.

What’s Next?

Investors eager for more insights can stay updated by accessing market-moving charts that highlight stocks exhibiting strong technical signals. Keeping an eye on these trends could be beneficial for those looking to optimize their portfolios.

stocks, investing, quantum