Overview
- Shares of D‑Wave jumped roughly 20% on Dec. 22 after the company said it will present its annealing systems, hybrid solvers, and customer use cases at CES 2026 on Jan. 7–8, with a masterclass led by Murray Thom.
- IonQ and Rigetti rose about 11% and 13% respectively, and Quantum Computing Inc. gained around 12%, though some giveback appeared the next day as profit‑taking set in.
- Market commentary tied the surge to holiday “Santa Rally” dynamics, retail momentum, and possible short‑covering, alongside recent bullish coverage and targets from firms including Jefferies and Wedbush.
- Quantum Computing Inc.’s announced $110 million purchase of Luminar Semiconductor featured as a trading catalyst, with the company noting the deal still requires court approval tied to Luminar Technologies’ Chapter 11 case.
- Analysts and reports flagged stretched fundamentals across the sector, citing D‑Wave’s roughly $24 million in annual revenue and no near‑term profitability, IonQ’s sales‑to‑valuation mismatch and recent insider selling, and Rigetti’s speculative trading profile with notable short interest.