Quantum Computing’s stock continues rally after AWS’ program launch last week

Shares of Quantum Computing (NASDAQ:QUBT) surged about 13% on Monday, continuing its rally following a photonic chip order last week, and amid Amazon Web Services (AMZN) launching the Quantum Embark program.

The Hoboken, N.J.-based company’s stock saw sharp movement last week. On Monday, the shares fell about -22.90% after having seen significant gains and losses the prior week. The stock jumped about 6% on Tuesday and saw a massive surge of around 44% on Wednesday after announcing that it received its second purchase order for its thin film lithium niobate (TFLN) photonic chip foundry from the University of Texas at Austin.

The shares continued to build momentum and gained around 29% on Thursday and about 28% on Friday after AWS said it launched Quantum Embark, an advisory program created to help customers prepare for the era of quantum computing.

Meanwhile, D-Wave Quantum (NYSE:QBTS) cooled off today (falling about 2%), after seeing huge gains last week (Wednesday +12%, Thursday +17% and Friday +48%).