D-Wave Systems Inc. (QBTS) saw its stock surge 5.05% in pre-market trading on Friday, riding the wave of enthusiasm surrounding quantum computing technology.

The pre-market rally comes amid a broader surge in quantum computing stocks, fueled by a series of positive developments in the industry. Shares of QBTS have gained over 1025% year-to-date, reflecting investors' excitement about the potential of quantum computing.

Recent milestones in the quantum computing space have contributed to the upward momentum. Alphabet's Google unveiled a powerful quantum computing chip capable of handling complex calculations in mere minutes, a task that would take the world's most advanced supercomputers years to complete. Additionally, Amazon Web Services launched its Quantum Embark Program, further bolstering the sector.

Wall Street analysts have taken note of the quantum computing frenzy, initiating coverage on several companies within the sector. Analysts at firms like D.A. Davidson and Benchmark have issued bullish ratings and price targets, citing the scarcity value of quantum computing plays in the public markets and their potential to capitalize on the rapid growth of the industry.