Top Mid-Cap Stock Performers: D-Wave Quantum and IonQ Shine Bright

In the past week, several mid-cap stocks have shown impressive performances. Are any of these strong performers part of your investment portfolio?

1. D-Wave Quantum Inc. (QBTS) experienced a remarkable surge, soaring 95.95%. This dramatic increase followed the company's announcement of a 502% year-over-year rise in fourth-quarter bookings, totaling $18.3 million.
2. Protagonist Therapeutics, Inc. (PTGX) saw its stock price climb by 42.84% after revealing positive topline results from its Phase 2b ANTHEM-UC study involving icotrokinra for the treatment of ulcerative colitis. The study successfully met its primary endpoint across all dosage groups under evaluation. Following this news, analysts adjusted their price targets upward for the stock.
3. Veren Inc. (VRN) shares rose by 24.24% after announcing a merger agreement with Whitecap Resources Inc., in an all-share transaction valued at approximately C$15 billion (equivalent to $10.4 billion), inclusive of net debt.
4. IonQ Inc. (IONQ) stock increased by 21.65%. The company disclosed that it now possesses or controls nearly 400 quantum networking patents, both granted and pending, across the globe.
5. Rigetti Computing (RGTI) saw its stock rise by 20%. This uptick may be attributed to a rebound from previous week underperformance, alongside a revived interest in the sector amid softer-than-expected February inflation figures.
6. Semtech Corp. (SMTC) experienced an 18.21% increase in stock value after reporting fourth-quarter financial results that exceeded analysts' expectations. Several analysts also raised their price forecasts following the announcement.
7. Orla Mining Ltd. (ORLA) saw a stock increase of 15.52%.
8. Hesai Group (HSAI) shares grew by 15.45% after securing a significant multi-year agreement with Mercedes-Benz to supply Lidar sensors, boosting investor confidence.

Image via D-WAVE

What’s Next?

• Explore which large-cap stocks performed well last week, including names like Applovin, Super Micro Computer, and Intel. Are they in your portfolio?
• Take a look at the large-cap stock losers, including Coinbase, Apple, and Robinhood. Are any of these stocks part of your investments?

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