D-Wave Quantum Inc. (QBTS) Soars to All-Time High on Stellar Police Response Support Results

We recently published 10 Stocks With Double-Digit Upsides. D-Wave Quantum Inc. (NYSE:QBTS) is one of the top performers on Thursday.

D-Wave Quantum soared to a new all-time high on Thursday, as investor sentiment was bolstered by significant improvements in police incident response after leveraging quantum computing technologies.

In intra-day trading, D-Wave Quantum Inc. (NYSE:QBTS) jumped to a new 52-week high of $29.61 before paring marginal gains to finish the day up by 13.97 percent at $29.21 apiece.

This followed announcements that the North Wales Police has significantly improved its response capabilities by 50 percent after leveraging its hybrid-quantum application to optimize the placement of police vehicles for emergency response, which resulted in a faster, more accurate, and efficient solution than classical methods alone.

The impressive results solidified optimism for the use of quantum computing technologies, once been dismissed by technology giant executives as a technology still far from practical use.

“As police forces increasingly rely on data-driven strategies to improve response times and coverage, hybrid-quantum computing can offer the speed, precision, and intelligence needed to identify optimal officer placements and enhance public safety,” said D-Wave Quantum Inc. (NYSE:QBTS) CEO Alan Baratz.

“Hybrid-quantum computing is beginning to show real-world potential across private and public sectors, and we’re thrilled to see the potential for it to make a meaningful impact in forward deployment with North Wales Police,” he noted.

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Disclosure: None. This article is originally published at Insider Monkey.