D-Wave Quantum (QBTS) stock surged higher on Wednesday, with shares up 13.6% as of 2:30 p.m. ET. The company’s valuation is climbing after Microsoft unveiled its new quantum-computing chip, Majorana 1.
Microsoft’s breakthrough technology uses a novel conductor approach to control Majorana particles, which could solve problems in other quantum computing methods. This development may lead to more complex challenges being tackled by quantum computers.
While the impact on D-Wave is uncertain, the company’s recent announcement of a new hybrid-quantum application for autonomous agriculture machines suggests significant progress. The technology remains in its infancy, but business is starting to see product rollouts.
D-Wave’s stock has gained 292.5% over the last year, driven by increased interest in quantum computing. Microsoft’s news today highlights the growing competition and potential for mainstream commercial uses.
Source: https://www.fool.com/investing/2025/02/19/why-d-wave-quantum-stock-is-skyrocketing-today