On September 23, D-Wave Quantum Inc. rose 5.35% in pre-market trading, trading at $18.37 per share, with turnover of approximately $1.197 million.

On the policy front, the U.S. Department of Energy's Office of Science recently published the Quantum Genesis Q competition solicitation, committing up to $215 million in federal funding to support teams building fault-tolerant quantum computers with at least 100 logical qubits, with a five-year project timeline. D-Wave is identified as one of the primary beneficiaries of this initiative. The competition follows an executive order signed in June directing the deployment of fault-tolerant quantum computers before 2028.

This marks the latest in a series of federal commitments to quantum computing. Earlier in September, D-Wave finalized an agreement with the U.S. Department of Commerce to access up to $100 million in CHIPS and Science Act funding for the development of its annealing and gate-model quantum technologies, including systems targeting 100,000 and 10,000 qubits. The Commerce Department will receive a minority, non-controlling equity interest in D-Wave as a condition for the funds.

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