Why D-Wave Quantum Inc. (QBTS) Skyrocketed This Week

From Yahoo Finance: 2025-05-10 09:34:00

This week, the stock market saw a slight decline as investors prepared for important trade negotiations between the US and China. The Dow Jones was down 0.16%, S&P 500 dropped 0.47%, and Nasdaq fell 0.27%.

Despite the overall market decline, 10 companies stood out with significant gains in just one week. D-Wave Quantum Inc. (QBTS) was among the top performers, with its stock surging by 40.2% to $11.09.

QBTS reported a remarkable 508% increase in revenue to $15 million, up from $2.465 million in the same period last year. This growth was driven by the sale of a quantum computing system during the quarter.

Although still operating at a loss, QBTS managed to narrow its net loss by 69% to $5.421 million compared to the previous year. CEO Alan Baratz highlighted the company’s achievements in delivering quantum value to customers.

Ranking 3rd among the top-performing stocks this week, QBTS is seen as a promising investment. However, analysts believe that AI stocks may offer even higher returns in a shorter time frame. If you’re interested in AI stocks, there are options with potential for significant growth.

Read more: Why D-Wave Quantum Inc. (QBTS) Skyrocketed This Week