Overview

• D‑Wave touched a fresh 52‑week high on Friday after climbing more than 200% this year.
• Jim Cramer said the company impressed him yet warned it could be ages before the business meaningfully takes off, noting both D‑Wave and IonQ are losing money.
• D‑Wave shares fell about 5.4% intraday on Sept. 25 with no company news, as rival IonQ reported AFRL‑backed progress converting visible photons to telecom wavelengths.
• The company recently launched its Advantage2 quantum annealing system aimed at tackling complex optimization problems.
• D‑Wave raised roughly $400 million this year, though filings show continued cash burn and negative operating cash flow on modest revenue.