D-Wave Quantum Inc. (NYSE:QBTS) snapped a three-day losing streak on Monday, surging as much as 19.6 percent to $19.39 apiece after it bagged a new deal that would help strengthen its case that quantum computing is moving beyond research projects into real-world enterprise applications.
In a statement, the quantum firm said that it signed a commercial collaboration with AT&T on the same date that its shares were uplisted to the New York Stock Exchange.
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Drive Efficiency, Reduce Customer Downtime by 12M Hours
D-Wave Quantum Inc. (NYSE:QBTS) said that AT&T is set to apply its annealing quantum computing technology to the tools that are already powering its agentic AI solutions, particularly to help increase the benefits of agents in its network operations.
Agentic tools help drive service efficiency across the telco’s network operations, having reduced downtime by 12 million hours last year alone.
This is expected to be further supported by D-Wave’s quantum computing technology, which, during an early application with AT&T, helped lower the processing time for a network optimization workload to just less than 15 seconds from one hour previously.
AT&T is planning to use D-Wave Quantum Inc.’s (NYSE:QBTS) quantum computing technology across a broader set of applications, such as outage detection and response, technician routing, network build planning, and traffic management, to explore how faster processing could translate into quicker and more accurate planning, as it scales its converged fiber and 5G network to meet growing AI-driven demand.
“AT&T’s work with D-Wave is a powerful example of how leading enterprises are beginning to turn to quantum computing for solving real business problems,” D-Wave Quantum Inc. (NYSE:QBTS) CEO Alan Baratz said.
“AT&T has incredibly complex optimization problems across its network operations, understands where classical computing is challenged, and is moving quickly to explore where quantum can make an impact,” he added.
AT&T is also evaluating D-Wave’s forthcoming gate-model systems for potential applications in quantum security and quantum communications. This agreement is part of AT&T’s broader innovation strategy, which applies quantum computing, AI, automation, advanced analytics, and software-defined infrastructure to modernize how the network is built, run, and optimized.
NYSE Listing to Increase Exposure
On the same day, D-Wave Quantum Inc. (NYSE:QBTS) began listing on the New York Stock Exchange under the same ticker symbol.
The transfer marks a significant milestone for the company as it could help improve liquidity and visibility among institutional investors over time.
Hedge Funds Buy In but Conviction Weaker
Data from Insider Monkey showed that 26 hedge funds held positions in the first quarter of the year alone, up from 22 in the fourth quarter of 2025.
However, their combined holdings sharply fell by 67.4 percent to $55.7 million from $170.8 million quarter-on-quarter, reflecting that while companies maintained a presence, institutional interest became less conviction-driven to reduce capital at risk.
While we acknowledge the risk and potential of QBTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QBTS and that has 10,000% upside potential, check out our report about the cheapest AI stock.
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