D-Wave Systems Inc. (QBTS), a pioneering quantum computing company, experienced a significant pre-market surge of 8.97% on Wednesday. This impressive rally can be attributed to the company's advancements in quantum computing technology and the overall positive sentiment in the quantum computing industry.

D-Wave's quantum computing system, which utilizes a process called "quantum annealing," has garnered attention from both commercial and government sectors. The company's recent board expansion, welcoming experienced technology executives, has bolstered investor confidence in D-Wave's ability to navigate the rapidly evolving quantum computing landscape.

Additionally, the announcement of Google's new quantum chip "Willow" on Monday has fueled excitement in the quantum computing industry. Willow's ability to reduce errors exponentially as it scales up and its breakthrough in real-time error correction has showcased the potential of quantum computing technology. This positive development has contributed to the surge in quantum computing stocks, including D-Wave Systems Inc.