D-Wave shares jump after co claims 'quantum supremacy'

Quantum

12/03/2025 17:28

Removes extraneous word in 7th bullet

** Shares of D-Wave Quantum QBTS.N jump in late morning trade on Weds after co says it has achieved 'quantum supremacy'

      ** QBTS shares last up 9.5% at $5.89 after rising as high as $6.39 in the session

      ** Palo Alto, California-based firm published peer-reviewed paper in the scientific journal Science on Weds, saying its quantum computer outperformed one of the world's most powerful classical supercomputers

            ** Co claims its annealing quantum computer performed the most complex simulation in minutes and with a level of accuracy that would take nearly one million years using the supercomputer

            ** "This is a remarkable day for quantum computing," CEO Alan Baratz said in the statement

            ** Shares of other quantum computing firms also rise on Weds: Quantum Corp QMCO.O last up 10%, Quantum Computing Inc QUBT.O 12%, Rigetti Computing RGTI.O 10%, IonQ IONQ.N 16%

** Google GOOGL.O and Amazon.com AMZN.O each unveiled their own quantum chips recently, while Microsoft MSFT.O last month said its new chip shows quantum computing is 'years, not decades' away

** With move on Weds, QBTS shares down 30% YTD but up nearly six-fold over the past six months

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))