D-Wave Systems is a Canadian company known for its development of quantum computing technology. It specializes in quantum annealing, a specific type of quantum computing that is designed to solve optimization problems. D-Wave’s systems use a unique architecture based on quantum bits (qubits) and have been utilized in various applications, including artificial intelligence, machine learning, and complex system simulations. The company claims to have produced the world’s first commercially available quantum computer, allowing businesses and researchers to explore the potential of quantum computing to tackle problems that are difficult or impossible for classical computers to solve efficiently.
D-Wave Quantum shares surged by 17.17% to $8.14, driven by investor enthusiasm and strong analyst projections. The Jones Financial Companies increased their stake in D-Wave by 341.7% in Q4 2024,…