D-Wave Quantum Inc. (QBTS) saw its stock surge 5.20% in a 24-hour period, continuing its upward momentum from earlier in the week. This latest jump comes amid a broader rally in quantum computing stocks, with several companies in the sector experiencing significant gains.

The rally appears to be fueled by D-Wave's recent unveiling of its newest quantum computer, the Advantage2. CEO Alan Baratz hailed the machine as "a significant milestone not just for D-Wave, but for the quantum computing industry as a whole." This announcement, made earlier in the week, has seemingly continued to drive investor enthusiasm for the stock.

Market sentiment towards D-Wave and other quantum computing companies remains bullish, as evidenced by options trading activity. On Thursday, D-Wave saw a notable increase in options contracts traded, with call options accounting for 68% of the overall trades. Particularly high volume was observed for the $30 strike call option expiring in June, indicating that some traders are betting on further upside for the stock in the near term.