QBTS Soars 13% in 24 Hours: What’s Fueling the Quantum Computing Giant’s Meteoric Rise?

Summary
• D-Wave Quantum (QBTS) surges 13.19% to $19.14, hitting a 52-week high of $19.53
• Turnover jumps to 89.6 million shares, with 30.3% of float traded
• Sector-wide quantum computing momentum driven by QuNorth’s Magne project in Denmark

Quantum computing stocks are surging on a perfect storm of product launches, geopolitical bets, and speculative fervor. D-Wave Quantum’s QBTS has broken out from a multi-month trading range, fueled by its Advantage2 quantum system launch and Denmark’s $80 million QuNorth initiative. With turnover at 30.3% of float and the stock trading at 217x forward sales, the question is no longer if the rally will continue—but how high.

Advantage2 Launch and Nordic Quantum Initiative Drive QBTS’s 13% Surge
D-Wave’s 4,400+ qubit Advantage2 system has become a commercial reality, directly addressing the sector’s demand for scalable quantum solutions. Simultaneously, Denmark’s QuNorth project—backed by Microsoft and Atom Computing—announced plans for the world’s first Level 2 quantum computer, Magne. This dual catalyst created a supply-demand imbalance in quantum tech speculation. The stock’s 15.5% July gain and 1,230% annual surge reflect investor anticipation of D-Wave’s market leadership against giants like IBM and Microsoft. However, the 217x sales multiple and -272x dynamic P/E underscore the stock’s speculative nature.

Quantum Computing Sector Gains Momentum as QuNorth’s Magne Project Sparks Global Race
The quantum sector is rallying on infrastructure bets. Denmark’s QuNorth initiative, with Microsoft and Atom Computing, aims to deploy 50 logical qubits by late 2026—far ahead of D-Wave’s 4,400+ physical qubit Advantage2. Meanwhile, IBM (IBM) rose 0.28% as a sector benchmark, but its 12-month gain lags QBTS’s 1,230%. The sector’s volatility is amplified by geopolitical stakes, with QuNorth’s $80 million investment positioning Europe to counter U.S.-China quantum dominance.

Options Playbook: High-Volatility QBTS Traders Target 20th of July Expiry
• MACD: 0.363 (bullish divergence from signal line 0.345)
• RSI: 67.48 (overbought threshold near 70)
• Bollinger Bands: $13.69–$17.32 (current price at upper band breakout)
• 200D MA: $7.52 (far below current $19.14)

QBTS is in a short-term bullish trend with RSI near overbought levels and MACD divergence suggesting momentum. The $19.53 52-week high is a critical resistance. For leveraged exposure, options on the 2025-07-25 expiry offer high gamma and liquidity:

• QBTS20250725C19: Call option with 19 strike, 113.9% IV, 0.55 delta, -0.121 theta, 0.114 gamma, $332k turnover. 19.14 is 6.1% above strike, offering 217% upside if QBTS closes above $19.53 by expiry. IV indicates high volatility expectations; gamma ensures rapid delta shifts with price moves.
• QBTS20250725P19.5: Put option with 19.5 strike, 110.2% IV, -0.509 delta, -0.017 theta, 0.121 gamma, $189k turnover. 19.14 is 1.8% below strike, offering 52.9% downside potential if QBTS dips below $18.80. delta suggests moderate short-side exposure; gamma ensures sensitivity to volatility swings.

Aggressive bulls may consider QBTS20250725C19 into a bounce above $19.53. Cautious traders should watch $18.80 support, with QBTS20250725P19.5 as a short-side hedge.

Backtest D-Wave Quantum Stock Performance
The backtest of QBTS's performance after a 13% intraday surge shows mixed results, with varying win rates and returns over different time frames. Here's a detailed analysis:1. Frequency and Win Rates: The event occurred 399 times over the backtested period. The 3-day win rate was 41.60%, the 10-day win rate was 43.11%, and the 30-day win rate was 42.11%. This indicates that QBTS had a higher probability of positive returns in the short term following the surge, with the highest win rate observed over 10 days.2. Returns: The average 3-day return following the surge was 0.46%, the 10-day return was 1.37%, and the 30-day return was 0.45%. The maximum return during the backtest was 1.37%, which occurred on day 10. This suggests that while QBTS had a good chance of positive returns, the overall returns were relatively modest, with the peak return not exceeding 1.5% even over the 30-day period.In conclusion, while a 13% intraday surge in QBTS provided a reasonable probability of positive returns, the returns themselves were generally modest, with the maximum return being 1.37% over a 10-day period. This indicates that while the surge had a positive impact, it may not have led to significant long-term gains. Investors should consider these findings in their overall investment strategy and risk tolerance.

QBTS at Inflection Point: Immediate Breakout Above $19.53 Could Ignite New Bull Run
The $19.53 52-week high is a pivotal level for QBTS. A close above this would validate the stock’s shift from speculative momentum to institutional conviction, potentially unlocking the $20–$25 range. Conversely, a retest of $18.80 (mid-July support) could trigger a short-term selloff. Sector peers like IBM (IBM) rose 0.28% but lag QBTS’s 13% daily surge, highlighting D-Wave’s leadership in quantum commercialization. Immediate action: Watch for $19.53 breakout or $18.80 breakdown to confirm trend direction.