D-Wave Stock Surges 120% in 2025 Amid Quantum Computing Momentum

D-Wave Quantum Inc. (QBTS) has seen its stock price skyrocket 120% year-to-date in 2025, fueled by excitement around its Advantage2 quantum computing system and a successful capital raise. The quantum computing specialist now faces critical questions about its path to profitability as it balances technological promise against financial realities.

Market enthusiasm stems from D-Wave's recent demonstration of quantum advantage with its 1200-qubit Advantage2 system, which has attracted partnerships with major tech firms. The company's $150 million convertible notes offering in Q2 2025 provided necessary runway but raised concerns about shareholder dilution.

While no cryptocurrency was directly mentioned in the report, the quantum computing sector holds significant implications for blockchain security. Future breakthroughs could potentially threaten current encryption standards while enabling new cryptographic approaches.