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D-Wave Quantum Stock Soars 51.23% to 25th in Daily Market Rankings

Market BriefThursday, May 8, 2025 7:48 pm ET

1min read

On May 8, 2025, D-Wave Quantum (QBTS) experienced a significant surge in its stock price, rising by 51.23%. The company's trading volume reached 21.58 billion, marking a substantial 1393.92% increase from the previous day and placing it 25th in the daily market rankings.

D-Wave Quantum reported record revenue of $15.0 million for the first quarter of fiscal 2025, marking a substantial increase from the $2.5 million recorded in the same period last year. This surge in revenue was driven by the successful sale of its first Advantage system to a major research institution and the commercial rollout of another customer application.

CEO Dr. Alan Baratz highlighted the quarter as one of the most significant in D-Wave's history, noting breakthroughs such as demonstrating quantum supremacy over classical computing on practical problems. This achievement has positioned D-Wave as a leader in the quantum computing sector, attracting investor interest and driving stock performance.

The company's earnings and revenue surprises for the quarter ended March 2025 were 60% and 38.05%, respectively. These figures underscore the company's strong financial performance and its ability to exceed market expectations. Investors are optimistic about D-Wave's future prospects, particularly given its narrowing of the quarterly loss and the potential for continued growth in the quantum computing industry.

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