D-Wave Quantum's Stock Surges 0.76% on NASA-Backed Quantum Breakthrough Despite 196th-Ranked $670M Volume as High-Volume Momentum Strategy Posts 166.71% Return

On July 31, 2025, D-Wave Quantum (QBTS) rose 0.76% with a trading volume of $0.67 billion, ranking 196th in market activity. The stock’s performance coincided with the company’s announcement of a strategic initiative to advance quantum processor development through advanced cryogenic packaging. This project integrates NASA JPL’s superconducting interconnect processes, aiming to scale both annealing and gate-model quantum systems. D-Wave highlighted upgrades to its packaging and PCB fabrication capabilities as critical to enabling multichip scaling and next-generation quantum architectures. The company emphasized its leadership in superconducting cryogenic packaging and its collaboration with JPL, which has demonstrated end-to-end superconducting interconnects between chips. These advancements are expected to support the company’s product roadmap toward 100,000 qubits and strengthen its supply chain for quantum computing.

The initiative leverages superconducting bump-bond technology from NASA’s Jet Propulsion Laboratory, a key step in scaling D-Wave’s annealing and fluxonium-based gate-model architectures. Chief Development Officer Trevor Lanting noted that high-performance packaging is essential for advancing quantum systems and maintaining leadership in the field. D-Wave’s approach addresses unique challenges in quantum processor packaging, including ultra-low temperature compatibility, minimal magnetic interference, and uninterrupted superconducting interconnects. The company’s cryogenic-compatible design has achieved industry-leading qubit temperatures and coherence times, critical for error-corrected gate-model quantum computing.

The strategy of purchasing the top 500 stocks by daily trading volume and holding them for one day delivered a 166.71% return from 2022 to July 30, 2025. This approach outperformed the benchmark return of 29.18%, generating an excess return of 137.53%. The success is attributed to its focus on high-liquidity stocks, which effectively captured momentum-driven market shifts. This strategy’s performance reflects broader trends in liquidity and momentum, particularly in risk-managed contexts. The consistent results from 2022 to the present underscore the robustness of leveraging high-volume stocks to capitalize on market dynamics.