QBTS Stock Surges Today: D-Wave Quantum’s New AI Partnership Ignites Investor Frenzy

Surging interest in quantum computing has catapulted D-Wave Quantum Inc. (NASDAQ: QBTS) into the spotlight, and its stock is riding a wave of momentum that shows little sign of slowing. Biggest one-month rally in the market • QBTS has rocketed more than 160 % over the last four weeks, eclipsing the broader tech sector and pushing above the psychologically important $18 level. • Volume exploded to record highs on 20 May after shares briefly touched $15, ignited by a bullish trading note that pegged $25 as a near-term objective. • The run-up marks a dramatic turnaround from early April, when the stock languished near $7; year-to-date gains now exceed 350 %. Catalyst #1: Advantage2 launch supercharges the narrative D-Wave unveiled its 4,400-plus-qubit Advantage2 quantum annealing system this month, claiming a 40× performance leap on select optimization workloads. Management says early adopters in logistics, pharma and AI scheduling are already piloting the hardware via its Leap cloud platform, expanding the company’s addressable market and cementing its first-mover edge. Catalyst #2: Blowout Q1 results confirm revenue inflection In its 8 May earnings release, D-Wave reported record quarterly revenue of $15 million, up more than 500 % year over year, while annual recurring revenue crossed the $40 million mark for the first time. The company guided to full-year revenue of $70 – $80 million and reiterated expectations for positive adjusted EBITDA by late 2026. What Wall Street is saying Despite the parabolic move, the consensus 12-month price target sits at $13, implying downside from current levels. Bulls counter that traditional multiples do not capture the disruptive potential of quantum-as-a-service or the licensing fees embedded in D-Wave’s growing patent portfolio. Short interest remains elevated at roughly 11 % of the float, setting the stage for further squeezes if the company delivers another operational beat. Key levels to watch • Support: $15 (prior breakout) and $12 (50-day moving average) • Resistance: $20 round number and $25 analyst target zone • RSI: Hovering above 70, signaling overbought conditions that could prompt consolidation before the next leg higher. Bottom line QBTS has become the quintessential high-beta quantum computing play, with fresh hardware, accelerating sales and a swelling retail following fueling spectacular gains. Volatility will remain extreme, but any pullbacks toward the mid-teens could attract buyers wagering that D-Wave’s technology lead will translate into sustained commercial traction—and a stock price that rewrites the upper end of recent forecasts.