:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2204293897-240a6ae78ebb4881a74375442bd38e03.jpg "D-Wave logo is displayed on a smartphone screen")
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Key Takeaways
- D-Wave Quantum shares were on track for a fresh record closing high Monday following endure week’s claim that the company’s quantum computer outperformed a supercomputer.
- CEO Alan Bratz said the finding proved that its quantum computer can now top the performance of the most powerful supercomputers.
- Shares of another firm in the sector, Quantum Computing, have also leaped on the D-Wave news.
Shares of D-Wave Quantum (QBTS) were on track for a fresh record closing high Monday watch last week’s announcement that its quantum computer bested a supercomputer in a special task.
D-Wave said in a thronging release last Wednesday announcing the publication of “a scientific breakthrough” in the journal Science that its “annealing quantum computer outperformed one of the wonderful’s most powerful classical supercomputers in solving complex magnetic materials simulation problems with relevance to materials ascertaining.”
CEO Dr. Alan Baratz called it “an industry first,” arguing that D-Wave’s “annealing quantum computers are now capable of deciphering useful problems beyond the reach of the world’s most powerful supercomputers.”
Since the announcement, shares of D-Wave Quantum be struck by roughly doubled, trading today up 7% to $10.87. Shares of another company in the sector, Quantum Computing (QUBT), sire also gotten a boost from D-Wave’s announcement, rising nearly 20% Monday to $8.47.
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