Why D-Wave Quantum Inc. (QBTS) Surged Today

We recently published a list of 10 Stocks That Stole the Show Today. In this article, we are going to take a look at where D-Wave Quantum Inc. (NYSE:QBTS) stands against other stocks that stole the show today.

Ten mid-cap companies from diverse sectors stood out on Monday, outperforming the lackluster performance of major indices, thanks to a flurry of corporate developments that sparked investor appetite.

While the firms boasted between 5 and 14 percent gains, the Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively.

In this article, we list the names of the top-performing stocks and detail the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

D-Wave Quantum Inc. (NYSE:QBTS)

D-Wave Quantum saw its share prices rise by 7.35 percent on Monday to finish at $13.15 apiece.

Based on its historical price data, D-Wave Quantum Inc. (NYSE:QBTS) appears to be trading sideways as investors await fresh catalysts to further boost buying appetite.

In the first quarter of the year, D-Wave Quantum Inc. (NYSE:QBTS) reported that revenues expanded by 508 percent to $15 million from $2.465 million in the same period last year, primarily driven by the sale of a quantum computing system during the period.

Despite remaining in the red, the higher figures helped narrow the company’s net loss by 69 percent to $5.421 million from $17.312 million year-on-year.

“The first quarter of 2025 was arguably the most significant in D-Wave’s history, especially in terms of our unique ability to deliver quantum value today to our customers and the scientific community,” said D-Wave Quantum Inc. (NYSE:QBTS) CEO Alan Baratz.

Overall, QBTS ranks 6th on our list of stocks that stole the show today. While we acknowledge the potential of QBTS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than QBTS but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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