D-Wave Quantum's new quantum computer reportedly has real-world applications
The shares of D-Wave Quantum Inc (NYSE:QBTS) are up 29.6% to trade at a record high of $17.04 at last glance. Today's surge comes after the company announced the launch of its sixth-generation quantum computer, featuring its most advanced quantum processor yet. The system will reportedly be useful for real-world applications, including artificial intelligence (AI), optimization, and materials simulation.
QBTS is pacing for its fifth gain over the last six sessions, as well as its third-straight pop. The security already boasts an astounding 1,188.2% year-over-year lead, and has already doubled in 2025. Shares are also consolidating above the $112 level, which capped rallies in December and March.
Options volume is already running at 9 times the intraday average volume, with 219,000 calls and 75,000 puts across the tape so far. The most active by far is the weekly 5/23 16 call, though new positions are now being bought to open at the leading six call contracts.
This denotes a sentiment shift, with pessimism rapidly unwinding. This is per D-Wave Quantum stock's 50-day put/call volume ratio at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) that ranks higher than 97% of readings from the past 12 months.