On March 17, we asked that you keep an eye on D-Wave Quantum (QBTS).
At the time, we noted, “After finding strong support at $4.50, QBTS is just starting to pivot higher. Last trading at $6.91 we’d like to see it rally back to $11 initially.”
We added that the company just “announced a scientific breakthrough published in the esteemed journal Science, confirming that its annealing quantum computer outperformed one of the world’s most powerful classical supercomputers in solving complex magnetic materials simulation problems with relevance to materials discovery.”
At the time, QBTS traded at $6.91.
On Monday, QBTS closed at $13.15 and could push even higher. All thanks to its newest computing system – Advantage2.
As noted in a company press release:
Today marks a significant milestone not just for D-Wave, but for the quantum computing industry as a whole, as we bring to market our sixth-generation quantum computer, a system so powerful that it can solve hard problems outside the reach of one of the world’s largest exascale GPU-based classical supercomputers,” said Dr. Alan Baratz, CEO of D-Wave.
“It’s an engineering marvel, with substantial technical advancements that highlight D-Wave’s progress in scaling quantum technology to meet industry demands for growing computational processing power while maintaining energy efficiency. We’re helping customers realize value from quantum computing right now, and the Advantage2 system represents a remarkable achievement in delivering on that mission.”
Sincerely,
Ian Cooper
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