Shares in D-Wave Quantum popped on Thursday as other quantum computing stocks also rose. With the gain, D-Wave stock has advanced 128% in 2025.
While there was no quantum computing news, CNBC "Mad Money" host Jim Cramer on Wednesday recommended D-Wave stock.
On the stock market today, D-Wave stock popped more than 11% to 18.80 in midday trading. IonQ rose more than 1% to 44.21. IonQ stock has climbed 6% this year.
Meanwhile, Rigetti Computing rose a fraction on Thursday to 16.66. Rigetti stock has advanced 9% in 2025. Quantum Computing rose nearly 7% to 19.67. Its shares have climbed 19% this year.
Quantum computing works on a subatomic level and uses exotic technologies, like super-cold superconductor chips. Further, quantum computing builders aim to solve problems too complex for today's classical, semiconductor-based computers.
Q2 Earnings Due For Quantum Computing Stocks
D-Wave stands out as the chief developer of one flavor of quantum technology. Founded in 1999 by researchers from the University of British Columbia in Canada, the company pioneered the process called "quantum annealing."
In May, D-Wave announced the general availability of its sixth-generation quantum computer, Advantage2. Customers can access the system through D-Wave's quantum cloud computing service, which was launched in 2018.
D-Wave's second quarter earnings report is due in early August. IonQ is slated to report on Aug. 6.
Bank of America in a report on Wednesday said quantum computing could reach a key milestone by 2030-2033. But, the Wall Street firm did not initiate coverage on any quantum computing stocks.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
