D-Wave Quantum Stock News

PALO ALTO, Calif. & COMO, Italy--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, announced its participation as a founder of Q-Alliance, defined in the Memorandum of Understanding signed in Como today as “The Birth of the World's Most Power...

What's the hottest new technology right now? And what's the hottest stock in that space?

With shares up by a jaw-dropping 3,600% over the last 12 months, D-Wave Quantum (QBTS 23.29%) has probably already minted plenty of millionaires. Investors are pouring into quantum-related stocks because of their disruptive long-term potential.

Like much of the quantum computing industry, D-Wave Quantum Inc. NYSE: QBTS has recently been on a high-flying ride. Shares have surged by more than 243% year-to-date (YTD) and nearly doubled in the last month alone.

Shares of D-Wave Quantum (QBTS 23.86%) are soaring on Monday, up 25.2% as of 1:59 p.m. ET. The spike comes as the S&P 500 (^GSPC 1.67%) and the Nasdaq Composite (^IXIC 2.26%) both showed strong gains.

Quantum stocks, including Rigetti Computing and IONQ, surge on Monday. The quantum rally continued after JPMorgan announced it would invest $10 billion in 27 specific industries, including quantum computing.

Although the artificial intelligence (AI) arms race is still ongoing and heating up, there's another important computing trend that's on the horizon: quantum computing. Quantum computing may not completely replace traditional computing, but it can aid in increasing the speed and efficiency of the computing infrastructure that we currently have.

As the generative artificial intelligence (AI) hype cycle gets long in the tooth, investors are on the lookout for the next big technology. Quantum computing might be it.