Quantum computing news sends D-Wave Quantum's stock price surging

One of today’s top trending stocks is D-Wave Quantum, (QBTS) a leader in the field of quantum computing. Shares are surging after the company provided a major update this morning.

D-Wave is known for producing and developing quantum computing systems, as well as software and services. Its machines provide clients with practical quantum solutions, enabling them to take advantage of the transformational technology.

💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸

Quantum refers to a type of computing that leverages the principles of quantum mechanics to perform tasks at a faster rate than classical systems.

The company has enjoyed a strong start to the month of May, primarily due to an extremely promising Q1 earnings report that revealed several new records. However, a more recent announcement has caused QBTS stock to skyrocket today, making it one of the market’s top movers.

Dr. Alan Baratz, CEO of D-Wave Quantum, has revealed a major quantum computing achievement.

David Fitzgerald/Getty Images

Big news from D-Wave is sending shares into the green

After a week of modest growth, D-Wave stock kicked off trading today with a surge and, despite some volatility, has been mostly trending upward. As of this writing, QBTS is up 27% after dropping slightly from its midday high of 30%.

This surge is due to D-Wave announcing the release of its latest quantum computing system, Advantage2.

The sixth iteration of the company’s machines is described as D-Wave’s most advanced quantum system to date. According to a statement, it can solve complex problems that classical computers cannot.

D-Wave also notes that this new addition to its quantum computing family is both powerful and energy-efficient. It makes a significant step forward not just for D-Wave but for the entire quantum computing field, according to CEO Dr. Alan Baratz.

“It’s an engineering marvel, with substantial technical advancements that highlight D-Wave’s progress in scaling quantum technology to meet industry demands for growing computational processing power while maintaining energy efficiency,” Baratz states.

He adds that this commercial-grade machine is an important step forward in helping customers realize the value of quantum computing, a mission that D-Wave is highly focused on.

The company’s statement also highlights that Advantage2 can deliver “performance gains with greater coherence and increased qubit connectivity,” helping it address more complex problems.

More Tech Stock News:

These clients may include prominent tech companies that can benefit from implementing quantum computing into their infrastructure, such as hyperscalers and supercomputing centers.

As Baratz told TheStreet earlier this year, he sees quantum as a powerful technology that can help companies in many industries scale operations, including artificial intelligence (AI).

What does this mean for other quantum computing stocks?

When D-Wave stock surged on its Q1 earnings smash on May 8, other quantum computing stocks enjoyed the momentum. However, most of its peers aren’t rising today, and some, such as Quantum Computing Inc. and Rigetti Computing, are currently in the red.

This suggests that D-Wave’s progress is seen as bad news for other quantum computing stocks, as it means the company is increasing its lead in the industry.

More than that, though, its recent growth suggests it may be seen as a new market leader in quantum computing.

In January 2025, Nvidia CEO Jensen Huang sent quantum computing stocks into a freefall when he predicted that practical quantum computing likely wouldn’t arrive for decades. Baratz disputed these claims, citing D-Wave’s technology as proof that Huang’s thesis was incorrect.

Now the release of Advantage2 further supports his claims that the era of practical quantum computing is quickly approaching and that D-Wave is helping usher it in.