D-Wave Quantum Inc. (NYSE: QBTS) saw a 14.55% increase in stock price on Thursday, reaching $28.73 per share. The company’s stock has already surged by 27% in the first four trading days of the month, following plans to increase contracts with the government. A new business unit focused on quantum computing products and services for the US government has been established. Jack Sears Jr., a government and public sector business executive, will lead the subsidiary and serve as vice president for US government solutions at D-Wave Quantum Inc. CEO Alan Baratz stated that the move aims to address national security, defense, and infrastructure challenges with quantum applications.

Read more at Yahoo Finance: D-Wave Extends (QBTS) Gains, Soars 14% on Govt Deal Targets