D-Wave Quantum Inc. QBTS saw a 2.53% increase in after-hours trading, reaching $23.11, building on Wednesday’s 18.76% rally as investors reacted positively to the Federal Reserve’s monetary policy and the company’s strong regional performance.
Check out the current price of QBTS stock here.
Federal Reserve Rate Cut Boosts Quantum Sector
On Wednesday, the Federal Reserve announced its fourth straight rate cut, lowering the benchmark rate by 25 basis points to a range of 4%-4.25%.
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Asia-Pacific Revenue Surge Drives Investor Confidence
D-Wave showcased impressive regional growth at its Qubits Japan 2025 conference in Tokyo. The company reported 83% year-over-year booking growth in the Asia-Pacific region, demonstrating strong market penetration in key international markets.
Customer Success Stories Validate Technology
The California-based quantum computing company also pointed out key customer successes, such as a quantum AI drug discovery project with Japan Tobacco and a network optimization initiative with NTT DOCOMO, Japan’s mobile operator. The DOCOMO collaboration has already shown positive results, cutting mobile network congestion by 15%.
Remarkable Surge
Over the past year, QBTS has surged by an impressive 2,223.71%. On October 10, 2024, it was trading at just $0.89, with 2 million shares changing hands. However, yesterday, it closed at $22.54, according to Benzinga Pro data, with 127 million shares traded. This marks a staggering 2,437.08% rise since its October 10 low.
Benzinga’s Edge Stock Rankings indicates QBTS has a Momentum score of 99.75. Track the performance of other players in this segment.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
