Quantum Gold Rush: D-Wave (QBTS) Stock Rockets on Government Funding Hopes and Breakthrough Deals
D-Wave’s share price surged nearly 3,000% in the past year, peaking at $46.75 on Oct. 15 before dropping to $27.30 and rebounding to $31.06 after reports of possible U.S. government equity deals with quantum firms. The company announced a €10 million sale of its Advantage2 system in Europe and posted first-half 2025 revenue of $18 million against a Q2 GAAP loss of $167 million. Trading volumes remain extremely high.