Shares of D-Wave Quantum Inc. (QBTS) soared 6.22% in the past 24 hours on Wednesday, the company's stock rallying in the wake of Microsoft's push for quantum computing readiness and D-Wave's new government partnership.
The rally was sparked by Microsoft's announcement of its "Quantum Ready" program, designed to help businesses prepare for the eventual adoption of quantum computing. Microsoft declared 2025 as "the year to become quantum-ready," citing the accelerating pace of quantum research and development. This positive outlook from a tech giant boosted investor sentiment towards quantum computing stocks like D-Wave.
Additionally, D-Wave announced a partnership with Carahsoft Technology Corp., a government IT solutions provider. Under this agreement, Carahsoft will serve as D-Wave's Master Government Aggregator, enabling the distribution of D-Wave's quantum computing solutions to public sector agencies through various procurement channels. This partnership opens up new avenues for D-Wave to expand its reach in the government sector.
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