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Stock impact report

Little-Known Quantum ETF Rakes In Cash After Computing Breakthrough [Yahoo! Finance]

D-Wave Quantum Inc. Common Shares (QBTS) 
Company Research Source: Yahoo! Finance
high-tech long shot: Unexceptional returns and meager investor interest kept it stuck among the investing also-rans that dot the exchange-traded fund landscape. Most Read from Bloomberg Ho Chi Minh City Opens First Metro Line After Years of Delay The Architects Who Built Miami Reviving a Little-Known Modernist Landmark in Buffalo New York's Congestion Pricing Plan Still Faces Legal Hurdles Mexico City to Boost Mobility, Security Ahead of FIFA World Cup All that changed in the span of a nanosecond after Google-parent Alphabet Inc. announced a big breakthrough in quantum computing earlier this month. Now, flows for the fund, which trades under the ticker QTUM, are surging like never before. QTUM, which was designed to track stocks of companies tied to quantum computing, has seen roughly $250 million of inflows so far in December, an amount that puts it on track for its largest monthly cash haul since launching in 2018, data compiled by Bloomberg show. It has gained 17% i Show less Read more
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