D-Wave Quantum Inc. (NYSE:QBTS) experienced a notable stock increase of 27.6% on Tuesday following the announcement of its Advantage2 quantum computer’s general availability. This sixth-generation system represents the company’s most advanced offerings yet.
The Advantage2 quantum computer is equipped with over 4,400 qubits and employs a distinct Zephyr topology that enables 20-way qubit connectivity. This upgraded connectivity plays a crucial role in addressing and solving more complex problems compared to its predecessors.
According to D-Wave’s CEO Alan Baratz, the Advantage2 shows significant improvements over its previous model, boasting a 40% enhancement in energy scale and a 75% reduction in noise. Additionally, it offers a twofold increase in qubit coherence time, all while maintaining energy efficiency, consuming approximately the same 12.5 kilowatts as earlier models.
D-Wave has made the Advantage2 system accessible for customer installations and through its D-Wave Leap quantum cloud service, which expands its reach to over 40 countries. The company’s growth trajectory is impressive, with a staggering 500% increase in revenue year-over-year for Q1, amounting to $15 million in sales.
While there are discussions around the investment potential of QBTS, some analysts suggest that other AI stocks may offer more significant returns with lower risks.
Overall, D-Wave’s advancements in quantum computing could position it at the forefront of technology innovation, signaling a promising future for the company and its stakeholders.