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

We recently published a list of 10 Unexpected Market Movers—What Propelled Double-Digit Gains? In this article, we are going to take a look at where D-Wave Quantum Inc. (NYSE:QBTS) stands against other Thursday’s top-performing stocks.

The stock market extended its winning streak on Thursday as investors cheered President Donald Trump’s trade deal framework between the United States and the United Kingdom.

Among Wall Street’s major indices, the tech-heavy Nasdaq rallied the most, up 1.07 percent, followed by the Dow Jones, up 0.62 percent, and the S&P 500, gaining 0.58 percent.

According to Trump, the Oval Office outlined a trade deal framework. While a 10-percent baseline tariff will remain for imported goods from the UK, it could be the low end of deals with future countries.

“The final details are being written up,” Trump said. “In the coming weeks, we’ll have it all very conclusive.”

Beyond the major indices, 10 firms stood out, booking double-digit gains amid a flurry of fresh developments such as optimistic revenue guidance and impressive earnings performance, among others. In this article, let us explore Thursday’s 10 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 trading volume.

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

D-Wave Quantum Inc. (NYSE:QBTS)

D-Wave Quantum Inc. skyrocketed by 51.23 percent on Thursday to end at $10.42 apiece after its earnings soared in the first quarter of the year.

On Thursday, D-Wave Quantum Inc. (NYSE:QBTS) announced 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.

This pushed its net loss to shrink 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.

“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.

Overall, QBTS ranks 1st on our list of Thursday’s top-performing stocks. 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.