Why Xanadu Quantum Technologies Stock Is Soaring This Week

After plunging more than 53% through the first half of May, shares of Xanadu Quantum Technologies (NASDAQ: XNDU) started heading in the other direction last week as the quantum computing rose 11.6%. The rise is continuing into this week, with management suggesting it could soon announce funding from the Canadian government, which is spurring investors to buy shares.According to data provided by S&P Global Market Intelligence, shares of Xanadu are up 14.1% from the end of last Friday's market session through the close of trading yesterday.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool