Xanadu Quantum Technologies Ltd (XNDU) saw its shares soar 8.51% in pre-market trading on Tuesday, marking a significant recovery move.

The pre-market surge represents a technical rebound after the stock experienced a dramatic 64% intraday collapse in the previous trading session. Market analysis indicates the prior session's crash was triggered by a false or erroneous news report that prompted panic selling among investors.

While shares remain well below their pre-crash levels, the current pre-market movement suggests investors are reassessing the company's fundamentals after the unwarranted sell-off, leading to this partial recovery.