Stock Track | D-Wave Systems Soars 5% Pre-Market as CEO Touts Commercial Quantum Computing Adoption

Stock Track

Dec 06, 2024

D-Wave Systems Inc. (QBTS) shares surged 5.04% in pre-market trading on Friday, following the company's CEO Dr. Alan Baratz discussing the emergence of commercial quantum computing and the real-world impact of D-Wave's annealing quantum computers on Fox Business' "Making Money with Charles Payne".

In the interview, 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 various 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 positive comments about D-Wave's leading position in the commercial quantum computing space and the widespread adoption of their technology likely boosted investor confidence, driving up the stock in the pre-market trading session.

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