Why D-Wave Quantum Inc. (QBTS) Went Up On Friday

We recently published a list of What Propelled These 10 Firms’ Double-Digit Gains? In this article, we are going to take a look at where D-Wave Quantum Inc. (NYSE:QBTS) stands against other Friday’s top performers.

The stock market ended the trading week on a strong note, with all major indices clocking in strong gains, as investors cheered better-than-expected non-farm payrolls last month while digesting more corporate earnings results.

The tech-heavy Nasdaq led the rally among all major indices, finishing up by 1.51 percent. The S&P 500 clocked in a 1.47-percent gain, while the Dow Jones grew by 1.39 percent.

Ten companies also mimicked the broader market optimism following impressive earnings performance and an optimistic outlook for the rest of the year. In this article, we have identified the 10 top performers on Friday and detailed 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 trading volume.

A modern computer datacenter, running an advanced quantum computer system.

D-Wave Quantum Inc. (NYSE:QBTS)

D-Wave Quantum saw its stock prices jump by 13.32 percent on Friday to close at $7.91 each as investors gobbled up shares ahead of its earnings performance on Thursday, May 8, 2025, while placing bets in line with the overall market optimism.

Friday’s rally suggested that investors shunned recent reports that the company was being targeted by a short seller, which criticized its core technology, quantum annealing, as already at the “commercial dead end” that has already been abandoned by the rest of the industry.

According to the short seller, Kerrisdale, the company’s strategy, which emphasizes hybrid solvers for optimization problems, was misleading, saying that it was obscuring the actual mix of classical and quantum computing in its offerings to customers while charging a significant premium for the quantum branding.

D-Wave Quantum Inc. (NYSE:QBTS) has yet to respond to the allegations.

Overall, QBTS ranks 8th on our list of Friday’s top performers. 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 went up since the beginning of 2025, while popular AI stocks 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.