On May 21, D-Wave Quantum rose 5.75% in after-hours trading, trading at $27.01/share, with trading volume of $62.34 million.

On the news front, the company announced it has signed a preliminary memorandum of terms with the U.S. Department of Commerce to receive up to $100 million in funding through the CHIPS and Science Act, aimed at accelerating quantum computing technology development and commercialization in the United States. The policy tailwind, combined with a technical rebound following sustained selling pressure, drove the stock higher.

The stock had been under heavy selling pressure after reporting Q1 revenue of approximately $2.86 million, an 81% year-over-year decline that significantly missed expectations, while operating expenses doubled to $56.5 million and net losses widened to $18.36 million. However, record bookings of $33.4 million — up nearly 2,000% year-over-year — signaled strong commercialization prospects. The government funding announcement further reinforced confidence in the company's long-term trajectory, sustaining the multi-day rebound momentum.

D-Wave Quantum is a pioneer in quantum computing, offering full-stack solutions including quantum computing systems, software, and services, with a focus on commercial-grade quantum application deployment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)