Overview
- D‑Wave shares jumped about 20% Monday after confirming a CES 2026 showcase of its Advantage2 annealing systems, hybrid quantum‑classical solvers, and real‑world use cases, with VP Murray Thom slated to lead a masterclass.
- IonQ and Rigetti gained roughly 11% and 13% the same session as retail buying, holiday‑thin liquidity, and recent analyst recommendations boosted quantum names.
- Commentators pointed to year‑end window‑dressing and momentum trading for the sharp moves, with some of Monday’s gains easing on Tuesday.
- Fundamentals remain early: D‑Wave produces about $24 million in annual revenue versus a roughly $9.6–$10.5 billion valuation and is not expected to be profitable before 2030, while IonQ reported Q3 revenue near $40 million using trapped‑ion technology.
- Quantum Computing Inc. also rallied after announcing a $110 million deal to buy Luminar Semiconductor, though the seller’s parent is in Chapter 11 and the acquisition requires court approval.