We recently published a list of These 10 Stocks Moved the Market This Week, Here’s Why. In this article, we are going to take a look at where D-Wave Quantum Inc. (NYSE:QBTS) stands against other stocks that moved the market this week.
The stock market edged lower week-on-week, as cautious investors repositioned their portfolios ahead of the United States and China’s high-stakes negotiations on trade policies that have for months dented global economies.
On a week-on-week basis, the Dow Jones was down by 0.16 percent, the S&P 500 dropped 0.47 percent, while the Nasdaq dipped by 0.27 percent.
Beyond the major indices, 10 companies bucked a wider market decline, with gains skyrocketing in just a week’s trading.
In this article, we name the 10 top-performing companies this week and the primary reasons that bolstered their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
The stocks were chosen based on the highest percentage increase in closing prices on May 9 as against their prices a week earlier, or on May 2.
A modern computer datacenter, running an advanced quantum computer system.
D-Wave Quantum Inc. (NYSE:QBTS)
Shares of D-Wave Quantum surged by 40.2 percent week-on-week to end at $11.09 last Friday, versus the $7.91 finish a week earlier after its earnings soared in the first quarter of the year.
On Thursday, D-Wave Quantum Inc. said that its 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.
Albeit still 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. CEO Alan Baratz.
“We recognized revenue on our first Advantage system sale to a major research institution, moved an additional customer application into commercial production, and became the first to demonstrate quantum supremacy over classical computing on a useful real-world problem. The end result was a record revenue and gross profit quarter,” he underscored.
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This article is originally published at Insider Monkey.
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