Canadian pension manager PSP just sold nearly 20 million shares of quantum-computing firm D-Wave. It plans to sell another 20 million.

Quantum Computing didn't have any news of its own to report, but the company is even smaller than D-Wave, with less than $1 million in revenue over the last four quarters. Its stock has soared even higher than D-Wave's over the last year, a disconnect that could lead to a continued decline in Quantum Computing's shares.

D-Wave Quantum is working to redefine the competition. If QBTS succeeds, it might vault itself ahead of Rigetti Computing and IONQ. Find out why QBTS is a Buy.

Quantum computing firm D-Wave has made its first commercial sale of its Advantage system. The sale was announced by D-Wave alongside its Q4 2024 financial results, which saw the company post bookings for the quarter of at least $18 million.

This is what's happening on Wednesday, as quantum computing investors cheer some kind words from Microsoft's strategic missions and technologies chief, Mitra Azizirad, who last night urged quantum investors to get ready, because "we are right on the cusp of seeing quantum computers solve meaningful problems and capture new business value."

D-Wave Quantum's valuation model suggests potential 25-35% annual returns in base and bull cases. See why we are neutral on QBTS stock.

The stocks were slammed last week, when Nvidia’s CEO said it would take decades for the technology to become “very useful.”

D-Wave Quantum Inc. (NYSE: QBTS) is a pioneering company in the rapidly evolving quantum computing sector. D-Wave has recently seen its stock experience a rebound after a decline. This resurgence is attracting the attention of investors,