D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, is seeing momentum build on both the technical and commercial fronts, according to CEO Dr. Alan Baratz, who appeared on Fox Business’ The Claman Countdown to discuss the company’s progress ( https://ibn.fm/fVsGS ).
PALM BEACH, Fla., May 29, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The global quantum computing market is expected to grow significantly in the coming years. A report from MarketsAndMarkets projected that the global quantum computing market size will be valued at USD 5.3 billion by 2029, growing at a CAGR of 32.7% during the forecast period through 2029. The report said: “Quantum computing is a growing technology that has the opportunity to make computing faster. These devices can perform valuable tasks but have a high rate of error. In short-term quantum computing, use cases will have a hybrid quantum operating model, a mix of traditional and quantum computers. In the short term, also known as the NISQ era, the revenue for quantum computing will be entirely generated from end-user industries and quantum computing research investments. Mid-term quantum computing is expected to witness many advantages over conventional computers. To achieve this stage, quantum algorithms with a high error correction ability are required. Long term quantum computing requires a high tolerance for error correction and scalability. At this stage, the value will be added by the quantum hardware, quantum software, and service providers. Systems segment to account for highest CAGR of the quantum computing market during the forecast period Quantum computer systems are designed to solve complex problems that traditional computers find difficult. Constant investments and development in quantum computing systems are driving the market during the forecast period. Quantum computing hardware launches are becoming increasingly common. The shipment of quantum computing systems is increasing daily. The cloud segment is projected to account for a larger share of the quantum computing industry than the on-premises segment from 2024 to 2029.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Quantum Corporation (NASDAQ: QMCO), Rigetti Computing, Inc. (NASDAQ: RGTI), D-Wave Quantum Inc. (NYSE: QBTS), Supermicro, Inc. (NASDAQ: SMCI).
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D-Wave Quantum shares dipped 6.3% Tuesday, but remain up 138% over the past month. This surge follows the release of their advanced Advantage2 quantum computer last week.
Driven by discussions with an IonQ head evoking NVIDIA, quantum stocks added over $5 billion in value on May 22. See the exciting statements that led to this.
The Defiance Quantum ETF, an exchange-traded fund (ETF) that tracks liquid companies in the quantum computing and machine learning industries, has gained 6.3% year-to-date.
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D-Wave's surging stock reflects technological advancements, record financial achievements, and growing commercial adoption in the quantum computing sector.
