D-Wave Quantum’s Stock (QBTS) Soars on Launch of New System

D-Wave Quantum Inc. (NYSE: QBTS) announced the general availability of its Advantage2 quantum computing system on Tuesday, sending shares soaring as investors react to what the company describes as a significant advancement in quantum technology capable of solving computationally complex problems beyond the reach of classical computers.

D-Wave Releases New System

D-Wave Quantum has announced the general availability of its Advantage2 quantum computing system, representing the company’s sixth-generation annealing quantum computer designed to tackle computation challenges beyond the capabilities of traditional systems.

The Advantage2 system features over 4,400 qubits in a production-ready configuration that enables it to solve computationally complex problems that D-Wave claims are “beyond the reach of classical computers,” including one of the world’s largest exascale GPU-based classical supercomputers. According to CEO Dr. Alan Baratz, the release “marks a significant milestone not just for D-Wave, but for the quantum computing industry as a whole,” with substantial technical advancements that highlight the company’s progress in scaling quantum technology while maintaining energy efficiency.

The new system is being made immediately available to customers through D-Wave’s Leap real-time quantum cloud service, which operates in more than 40 countries with 99.9% availability and SOC 2 Type 2 compliance to meet enterprise security requirements. For organizations wanting direct control of quantum infrastructure, the Advantage2 system is also available for on-premises purchase by hyperscalers and supercomputing centers.

The Advantage2 quantum processor incorporates several significant technical improvements over its predecessor, including a 40% increase in energy scale and a remarkable 75% reduction in noise, both of which contribute to higher-quality solutions for complex calculations.

The system employs the Zephyr topology with 20-way connectivity, enabling embedding of more complex problems while using fewer qubits than previous generations.

Customer adoption appears to be robust, with D-Wave reporting that more than 20.6 million customer problems have been run on Advantage2 prototypes available in the Leap cloud service since June 2022. Usage has increased significantly, up 134% in the last six months alone.

The system has already been employed in real-world applications, including a proof-of-concept project by Japan Tobacco that utilized quantum computing and AI in the drug discovery process. Major research institutions like the Jülich Supercomputing Center and Los Alamos National Laboratory have also used the prototypes to advance their scientific research.

To expand access to its quantum technology, D-Wave is increasing its fleet of annealing quantum computers. An Advantage2 system will be hosted on-premises at Davidson Technologies to serve as a focal point for national security-focused quantum research, while another system at the Jülich Supercomputing Centre will be upgraded to an Advantage2 system and connected with the JUPITER supercomputer—Europe’s first exascale HPC—to facilitate breakthroughs in artificial intelligence and quantum optimization applications.

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QBTS Stock Rockets on Release on New Quantum Computing System

D-Wave Quantum Inc. (QBTS) stock has surged dramatically to $16.71 as of 10:20 AM EDT on Tuesday, May 20, 2025, representing a substantial gain of $3.56 or 27.07% from the previous close of $13.15. The stock has demonstrated significant momentum in morning trading, opening at $15.34 and ranging between $14.60 and $16.92 during the session.

Trading volume has been exceptionally heavy at 122,273,429 shares, nearly double the average daily volume of 63,984,308, indicating strong investor interest following the Advantage2 quantum computer announcement.

The stock’s performance metrics show remarkable strength across multiple timeframes. Year-to-date, QBTS has delivered an impressive return of 97.98%, dramatically outperforming the S&P 500’s modest 1.05% gain over the same period. Even more striking is the one-year performance, with QBTS skyrocketing 1,169.46% compared to the benchmark’s 11.97% rise. Three-year and five-year returns are also solid at 68.49% and 62.24% respectively, though these longer-term figures still lag the extraordinary recent momentum.

QBTS’s market capitalization has now expanded to approximately $4.86 billion, reflecting investors’ growing optimism about the company’s quantum computing technology and market position. The stock’s recent surge places it among the top performers in the computer hardware industry, outpacing peers like Rigetti Computing (RGTI), Quantum Computing (QUBT), and IonQ (IONQ) which have shown more modest gains following D-Wave’s announcement.

From a financial performance perspective, D-Wave remains in the development stage typical of emerging technology companies, with revenue of $21.36 million for the trailing twelve months and a net loss of $131.99 million. The company reported diluted EPS of -$0.66, reflecting its current investment phase as it commercializes quantum computing technology. Despite not yet achieving profitability, D-Wave maintains a solid cash position of $304.32 million with a relatively manageable debt-to-equity ratio of 18.54%, providing financial flexibility to fund continued research and development.

Wall Street analysts maintain a consensus price target of $12.83 for QBTS, now below the current trading price following today’s surge, which may prompt analysts to reassess their valuations in light of the Advantage2 system release and strong market reception.

The stock’s technical indicators have turned decisively bullish, breaking through multiple resistance levels as the price has more than doubled from its 52-week low of $0.75. With today’s gains, QBTS is trading near its 52-week high of $16.92, suggesting strong momentum but potentially raising questions about valuation and whether the good news regarding the Advantage2 system is now fully priced into the stock.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.