Quantum Gold Rush: D-Wave (QBTS) Stock Skyrockets on Breakthroughs, Partnerships & Hype
D-Wave’s stock surged to nearly $41 on Oct. 13, up over 3,000% from a year earlier. The rally followed a breakthrough quantum pilot with North Wales Police and new AI tools, as well as global partnerships and bullish tech sentiment after a Fed rate cut. Despite a $10–14 billion market cap, D-Wave’s 2025 revenue remains small, prompting analyst warnings about overvaluation and speculation.