D-Wave Quantum Announces Breakthrough and Surges on Record Bookings

The company claims quantum supremacy with a real-world application and reports a dramatic increase in bookings and revenue projections.

D-Wave Quantum reported a 502% increase in Q4 bookings to $18.3 million, surpassing its total revenue from the past two years.
The company achieved what it describes as 'quantum supremacy,' solving a real-world materials simulation problem faster than a classical supercomputer.
D-Wave projects Q1 2025 revenue of $10 million, significantly exceeding Wall Street estimates of $2.55 million.
The announcement has sparked a rally in quantum computing stocks, with D-Wave's stock rising nearly 40% and peers like IonQ and Rigetti also seeing gains.
CEO Alan Baratz emphasized the company's focus on practical quantum solutions, differentiating its annealing approach from competitors' gate-based systems.