D-Wave’s stock has been on a remarkable tear in 2025, making it one of the year’s standout performers. After trading in the mid-$20s in September, QBTS shares rocketed to new heights in early October. On Friday, Oct 3, 2025, the stock hit an intraday high around $33.28 before closing at $32.70finviz.com – a one-day jump of ~12% and a fresh record. Year-to-date, the stock is up roughly +289%, and astonishingly it has soared over 3,000% from a year agots2.tech. To put that in perspective, D-Wave was a penny stock near $1 in late 2024; by October 2025 it was above $30ts2.tech. Such explosive growth is virtually unheard of outside of speculative arenas like crypto, underscoring both the euphoria around quantum tech and the risk of volatilityts2.techts2.tech.