Shares of D-Wave Systems Inc. (QBTS), a leader in quantum computing systems and services, surged 13.51% in the intraday trading session on Friday. The stock's rally was fueled by positive comments from CEO Dr. Alan Baratz, who discussed the company's leading position in commercial quantum computing and the widespread adoption of its annealing quantum computers by businesses across various industries.
During an interview on Fox Business' "Making Money with Charles Payne," Dr. Baratz highlighted that D-Wave currently has the largest and most powerful quantum computers in the world, which are supporting business applications in production. He noted that customers across industries are using D-Wave's quantum computers to tackle complex optimization problems, such as workforce scheduling, production scheduling, logistics routing, and resource optimization.
The CEO's optimistic remarks about the real-world impact of D-Wave's quantum computing technology and its growing customer base likely boosted investor confidence, driving the stock's significant intraday gains.
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