D-Wave Quantum Inc. (NYSE:QBTS) saw a 19.1% increase in share prices last week, driven by plans to secure government contracts through a new business unit. The stock hit a high of 27.4% during the week, with a new subsidiary focused on quantum computing for the government led by Jack Sears Jr.

CEO Alan Baratz highlighted the increasing need for quantum technologies in addressing national challenges. The formation of a US government-focused business unit aims to develop quantum applications for national security and defense. The company believes in the potential of QBTS as an investment but also sees promise in other AI stocks for higher returns.

Despite profit-taking on Friday, D-Wave Quantum Inc. (NYSE:QBTS) remains optimistic about government contracts. The new subsidiary, led by Jack Sears Jr., will focus on quantum computing solutions for the US government. The company aims to address national security challenges through agile problem-solving resources.

Read more at Yahoo Finance: D-Wave Quantum (QBTS) Jumps 19% as Firm Ramps Up Govt Deals