D-Wave Quantum Stock Surges Following Record Bookings and Bold Revenue Forecast

D-Wave's Q4 bookings soared 502%, fueling optimism about its quantum computing technology and commercial potential.

D-Wave Quantum's stock price nearly doubled this week, closing up 40% to $9.62, driven by a 502% increase in Q4 bookings, reaching $18.3 million.
The company projected Q1 2025 revenue of over $10 million, significantly surpassing Wall Street's $2.55 million estimate, signaling potential commercial growth.
D-Wave claimed 'quantum supremacy' by solving a real-world problem beyond classical computing capabilities, marking a milestone in quantum technology development.
Peers in the quantum computing sector, including IonQ, Rigetti Computing, and Quantum Computing Inc., also saw double-digit stock gains, reflecting broader excitement in the industry.
Despite the optimism, D-Wave's financial challenges persist, with an EBITDA loss of $56 million in 2024 and ongoing debates about the near-term utility of quantum computing.