The small California company rises 25% this Tuesday and accumulates a 130% increase in two weeks. It is worth more than 4.5 billion on the stock market, although it only generates 15 million in revenue.
The shares of the California company D-Wave Quantum, a small firm dedicated to quantum computing research, soar 25% this Tuesday on the stock market after the firm officially announced the commercial launch of its most advanced model to date, called Advantage2. The group has accumulated a 130% increase in just two weeks.
Despite the strong rise in the stock market, D-Wave is still a very small and high-risk company. According to its latest accounts, for the first quarter of 2025, the company reported losses of 5 million dollars and revenues of 15 million from January to March. The revenue figure represented an improvement of 13 million compared to the same period in 2024. Despite these modest numbers, following the rise it is experiencing this Tuesday, the market value of this company is around 4.5 billion dollars. At the end of last October, its capitalization was 167 million dollars.
Quantum computing is one of those promising technologies that, if successfully applied on a large scale, has the potential to be a turning point. Historic companies in the computing world such as Intel, IBM, or Microsoft, and giants like Google are researching and investing in this technology to provide it with practical usability and commercial viability.
The Advantage2 system from D-Wave Quantum, its founders assert, offers much greater performance than supercomputers built using traditional technology. But the most important claim, although it may initially sound much less spectacular, is that D-Wave asserts that the Advantage 2 can operate stably.
With it, the company claims that it will be possible to solve problems that even the largest computers today cannot reach. The California firm anticipates that its system will be used to 'provide solutions in the real world.' Simulations, optimization, searching for new materials, and enhancing artificial intelligence are the main applications that D-Wave identifies.
While the computing and problem-solving capacity grows exponentially, the major issue with quantum computing is that the basic unit of information it relies on (called qubits, as opposed to bits in classical computing) requires very specific conditions to operate. In other words, systems based on qubits are much more fragile and volatile than those based on bits. The Advantage 2 consists of 4,400 qubits, which, according to its promoters, will give it unprecedented capability so far.