D-Wave Quantum (QBTS) saw a 40.2% surge in its stock price during the week ending May 9th, primarily driven by its impressive Q1 earnings report. The company reported a 508% increase in revenue largely due to the sale of a quantum computing system. This strong financial performance helped narrow its net loss by 69%, which further boosted investor confidence. Additionally, D-Wave demonstrated quantum supremacy over classical computing on a real-world problem, marking a major milestone in the industry. QBTS’ stock price is now UP 32% YTD.
Additional reading: What Is Quantum Computing?
