D-Wave Quantum Stock Surges on Major European Contract

A significant European order has ignited a powerful rally for D-Wave Quantum Inc. (NYSE: QBTS), sending its shares soaring by more than 11% at the start of the trading week. This latest development builds upon the strong momentum established by the company’s recent quarterly earnings, prompting investors to question whether this marks the beginning of a sustained upward trend.

Beyond the headline-grabbing contract, a deeper look reveals a company undergoing a profound financial transformation. The most striking change is on the balance sheet. D-Wave’s liquidity position has been fundamentally strengthened, with its cash and equivalents ballooning to $836.2 million, a monumental increase from the $29.3 million reported a year earlier. This substantial Read more...