Stock Movers: D-Wave Quantum Surges, Victoria's Secret 'Poison Pill', Amer Sports Climbs

D-Wave Quantum's Stock Surge

• 🚀 D-Wave Quantum (QBTS) shares are up 26% following the announcement of their new quantum computing system, Advantage 2.
• 💡 The new system is capable of solving complex problems beyond the reach of classical computers, fueling interest in the quantum computing sector.
• 📈 The stock's popularity is amplified by retail investors, with a 2x leveraged ETF (QBTX) on the stock also seeing significant gains.

Victoria's Secret 'Poison Pill'

• 🛡️ Victoria's Secret (VSCO) has adopted a shareholder rights plan, commonly known as a 'poison pill', to thwart investor BBRC International Pte Limited.
• 📌 BBRC International, controlled by Brett Blundy, has acquired a 13% stake in the company and has a history of taking controlling interests in retailers.
• ⚖️ The plan will trigger if an investor acquires 15% of outstanding common stock, issuing rights to dilute their stake.
• 📉 Despite the 'poison pill' adoption, Victoria's Secret shares are up 2.5% today, though they remain down 43% for the year.

Amer Sports' Record High

• 📈 Amer Sports, parent company of Wilson and Salomon, is experiencing a surge, reaching a record high and climbing as much as 21%.
• 💰 The company boosted its adjusted profit forecast for the full year and exceeded first-quarter revenue expectations.
• 🌍 Amer Sports anticipates a negligible impact from higher tariffs, a positive sign amidst market volatility.
• 🏷️ The company is known for brands such as Arc'teryx, Salomon, and Wilson Sporting Goods, and is based in Finland.