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D-Wave (QBTS) has been on a wild ride over the past 52 weeks, with shares up 638% in that time frame. The gains have been driven by renewed investor enthusiasm for quantum computing stocks, with many betting that 2025 will be a transformational year for the industry. This comes on the back of Google (GOOGL) unveiling its Willow quantum chip.
Willow demonstrated that it was capable of solving complex math problems in just a few minutes, dramatically outperforming traditional supercomputers that would have needed 10 septillion years. For investors, this became a catalyst to look at pure-play quantum computing companies involved in producing quantum computers, quantum processors, and other quantum-related solutions. QBTS has been one such winner in recent months.