D-Wave Quantum and IonQ Lead Mid-Cap Stock Gains Last Week

Last week saw impressive performances from several mid-cap stocks, creating opportunities for investors. Here are some of the standout performers during the period of March 10 to March 14. Are these stocks in your portfolio?

1. D-Wave Quantum Inc. (NYSE: QBTS) experienced a remarkable surge, with shares rising by 95.95% following an impressive 502% year-over-year increase in fourth-quarter bookings, which reached $18.3 million.
2. Protagonist Therapeutics, Inc. (NASDAQ: PTGX) saw its stock price jump 42.84%. This increase came after the company announced positive topline results from its Phase 2b ANTHEM-UC study analyzing icotrokinra for treating ulcerative colitis, where the primary endpoint was met across all dose groups. In light of these results, several analysts revised their price forecasts for the stock.
3. Veren Inc. (NASDAQ: VRN) also made headlines, with shares rising 24.24% after announcing a merger deal with Whitecap Resources Inc., valued at around C$15 billion (approximately $10.4 billion), inclusive of net debt.
4. IonQ Inc. (NYSE: IONQ) saw its shares rise 21.65% as the company revealed it now controls nearly 400 granted and pending quantum networking patents worldwide, a significant asset in the evolving quantum computing landscape.
5. Rigetti Computing (NASDAQ: RGTI) surged 20%, likely as a market response to prior weakness earlier in the week. The sector may be benefiting overall from softer-than-expected inflation figures reported for February.
6. Semtech Corp. (NASDAQ: SMTC) shares climbed 18.21% on the back of better-than-anticipated financial results in their fourth quarter. This led to several analysts updating their price targets for the stock.
7. Orla Mining Ltd. (NYSE: ORLA) enjoyed a significant rise, with stock increasing 15.52%.
8. Hesai Group (NASDAQ: HSAI) saw its stock grow by 15.45% after securing a multi-year agreement with Mercedes-Benz to supply LiDAR sensors, further solidifying its role in the autonomous vehicle sector.

Overall, these financial movements reflect the dynamic landscape of the mid-cap stock market.

What's Next?

• Stay tuned for insights on other high-performing stocks and check-in on those in your portfolio.
• Explore market trends – which companies are positioning themselves for growth?

Invest wisely and keep an eye on new stock movements that could impact your investment strategies.

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