D-Wave Quantum, that paragon of speculative whimsy, witnessed its shares ascend with the erratic grace of a moth drawn to a flame, surging 51.4% amid the S&P 500’s stately 1.2% climb and the Nasdaq’s squirrel-like 2.2% jaunt. The Federal Reserve, that arch-saboteur of fiscal prudence, trimmed the benchmark interest rate by a quarter-point, a gesture as meaningful as a child’s promise to tidy their room.
Yet here, in the shadow of central banking’s pantomime, D-Wave’s ascent was not born of merit but of miasma-a fog of quantum mystique and rate-cut reverie. The company, a specter in the realm of growth-dependent stocks, found itself buoyed by the same tides that lift all boats, regardless of their hulls’ integrity.
D-Wave soars as Fed cuts rates
The Fed’s quarter-point reduction, a ritual as predictable as the sunrise, was met with the fervor of a cult’s prophecy. Jerome Powell, that barometer of economic wisdom, hinted at two more cuts, a forecast as reliable as a compass in a storm. Investors, ever the sycophants of central banking, lapped it up, their portfolios trembling with the thrill of speculative delirium. D-Wave, a mere vessel in this tempest, rode the wave, its stock a pendulum swaying between hope and hubris.
Is the U.S. gearing up for a big quantum push?
Rigetti Computing, that paragon of innovation, inked a three-year, $5.8 million pact with the Air Force Research Lab, a deal as substantive as a whisper in a hurricane. D-Wave, however, remained a ghost in the machine, its absence from government ledgers a testament to the sector’s fragile foundations. Yet investors, those alchemists of optimism, saw in Rigetti’s contract a kaleidoscope of potential, mistaking a single shard for a constellation.
Cyberscoop, that purveyor of digital prophecy, reported whispers of Trump-era executive orders, a narrative as fleeting as a firefly’s glow. Quantum computing, that realm of theoretical gildedness, remains a cocoon of infancy, its promises as tantalizing as a mirage in the desert. And yet, the specter of AI and cryptography looms, a siren song for those who mistake complexity for progress.
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2025-09-21 21:52