D-Wave Systems Inc. (QBTS) stock soared 5.24% in the 24-hour period on Wednesday, amid a broader rally in quantum computing stocks fueled by positive industry developments.

The surge was led by Quantum Computing Inc. (QUBT), which saw its shares skyrocket 16% in overnight trading. The company secured a prime contract from NASA's Goddard Space Flight Center to apply its Dirac-3 entropy quantum optimization machine for phase unwrapping in interferometric data processing. This project aims to enhance NASA's imaging reconstruction and data processing capabilities, potentially yielding long-term benefits for the space agency's big-data processing needs.

The positive sentiment also spilled over to other quantum computing stocks, with Rigetti Computing (RGTI) rising 5% and QUANTUM CORP (QMCO) gaining 3% in overnight trading. Investors are increasingly optimistic about the potential of quantum computing technology, which is expected to drive breakthroughs in fields such as materials discovery, cybersecurity, and artificial intelligence.

Adding to the bullish sentiment, Honeywell International Inc.'s quantum computing business, Quantinuum, is seen as a bright spot amid speculation of a potential breakup of the industrial conglomerate. Analysts suggest that Quantinuum could be worth around $20 billion, based on the recent valuation gains seen by companies like IonQ (IONQ). This potential value realization has further fueled investor interest in the quantum computing sector.