D‑Wave Launches U.S. Government Unit as Stock Extends Rally

Overview

• D‑Wave created a dedicated subsidiary to pursue U.S. government quantum contracts and accelerate applications for national security, defense and infrastructure.
• Jack Sears Jr. was appointed to lead the unit and joined the executive team as vice president for U.S. government solutions.
• Shares logged a three‑day surge of roughly 5% on Dec. 2, 11.5% on Dec. 3 and 14.6% on Dec. 4, followed by a 6% pullback on Friday.
• The stock is up about 224% year to date and roughly 860% over the past 12 months, with an early‑December gain of about 27% in four sessions.
• QBTS carries a market cap above $10 billion and trades near 395 times sales, reflecting strong enthusiasm alongside elevated risk.