Quantum Computing Frenzy: D-Wave (QBTS) Stock Surges 289% in 2025 on Breakthrough Deals
QBTS closed at a record $32.5 on Oct. 3, up 289% year-to-date, after D-Wave announced $5.7M in new orders and reported strong pilot results with UK police. Volume surged to 77 million shares as technical indicators flashed overbought. Q2 revenue rose 42% to $3.1M, with a $819M cash balance after a $400M equity raise. Analysts forecast $24.8M in 2025 revenue; most rate the stock a Buy.