Quantum computing stocks are rising today after a key announcement from one of the industry’s leaders.
While the fast-growing artificial intelligence (AI) market tends to overshadow quantum computing, the industry has been growing steadily, with one particular company leading the way. Now this company has reminded investors that while quantum may not be as trendy as AI, it is evolving quickly and offers investors key opportunities.
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Quantum computing may sound complex, but at its core, it simply refers to a type of highly advanced computing that leverages the principles of quantum mechanics to perform tasks at a higher rate than classical systems.
Any investor who follows the sector knows that when one quantum stock catches fire, its peers tend to rise in solidarity. Today, a shocking announcement from one of the sector’s best-known names is boosting several of its peers.
Dr. Alan Baratz, CEO of D-Wave Quantum, recently shared something important that is boosting many quantum computing stocks.
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A quantum computing leader just revealed something important
Many tech companies have reported Q1 earnings recently, with overall mixed results. While some of the sector’s leaders have demonstrated a clear ability to withstand the volatile economic conditions, others are struggling and losing ground.
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However, D-Wave Quantum (QBTS) is among the industry’s biggest Q1 winners, having just reported record quarterly revenue of $15 million, a year-over-year (YOY) increase of more than 500%. It also set records for both Generally Accepted Accounting Principles (GAAP) gross profit and quarterly end cash position, with $13.9 million and $304 million, respectively.
Given the key financial milestones that the company has achieved, it makes sense that QBTS stock would be surging today. As of this writing, it is up 35% for the day and is showing no signs of slowing down. Over the past two quarters, D-Wave has struggled against some volatility but remained mostly in the green.
Considered a leader in the quantum space, D-Wave develops commercial quantum systems and is focused on delivering practical systems with value for consumers. It also provides software and services for consumers who want to use their systems for building applications.
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Other quantum computing stocks such as Quantum Computing, Rigetti Computing, and IonQ are also rising today, but none of their gains are close to D-Wave’s.
D-Wave’s earnings smash could remind investors to watch quantum stocks
The fact that D-Wave set multiple records over the past quarter will likely be a highly bullish indicator not just for QBTS stock but for the entire quantum computing industry. It could easily serve as a reminder to investors that this technology is growing quickly and that some companies in the space are poised for growth.
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D-Wave CEO Dr. Alan Baratz describes Q1 as the most significant quarter in the company’s history, noting the company’s unique ability to deliver practical quantum computing solutions to consumers.
“We recognized revenue on our first Advantage™ system sale to a major research institution, moved an additional customer application into commercial production, and became the first to demonstrate quantum supremacy over classical computing on a useful real-world problem,” he states. “The end result was a record revenue and gross profit quarter.”
This isn’t D-Wave’s only major accomplishment this year. In March 2025, the company announced that it had achieved quantum supremacy, a historic feat in which one of its quantum computing systems outperformed one of the most powerful classical computers in the world.
Now the company seems positioned to continue expanding, especially as its management believes D-Wave’s cash balance is sufficient to help it reach profitability.
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