Movement Alert|Defiance Quantum ETF Rises 5.36% in Regular Trading, Sector Rebounds as Quantinuum IPO Impact Digested and Origin Quantum Mega-Financing Bolsters Confidence

Market Focus
Jun 12

On June 11, Defiance Quantum ETF rose 5.36% in regular trading, trading at $159.09/share, with turnover of $107 million.

On the news front, the quantum computing sector continues its recovery after absorbing the fund-siphoning effect triggered by Quantinuum's Nasdaq debut. Quantinuum listed at $60/share, raising $1.68 billion in the largest-ever quantum computing IPO, which initially caused investors to sell existing quantum positions to participate in the offering, dragging the ETF down over 5%. However, Quantinuum closed its first day up just 0.63%, signaling limited appetite for chasing new highs, and rotation pressure has since eased rapidly.

Additionally, China's leading quantum computing firm Origin Quantum completed a nearly 3 billion yuan Pre-IPO round at a pre-money valuation exceeding 21 billion yuan, led by China North Industries Group. The continued large-scale capital injection into the global quantum computing sector reinforces confidence in the industry's long-term trajectory, supporting the ongoing oversold recovery.

The fund tracks a modified equal-weighted index of companies deriving at least 50% of revenue from quantum computing and machine learning technology development.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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