Shares of D-Wave Quantum Inc. (QBTS) surged 5.19% in the 24-hour period, continuing the momentum from Tuesday's 26% jump. The rally comes as the company announced the availability of its next-generation quantum computing system, Advantage2, over the cloud.

The sixth-generation quantum computer boasts significant improvements over its predecessors, with a 40% increase in energy scale and a 75% reduction in noise. These enhancements result in higher-quality outputs for solving complex calculations. D-Wave's CEO Alan Baratz described Advantage2 as "a system so powerful that it can solve hard problems outside the reach of one of the world's largest exascale GPU-based classical supercomputers."

Investors are optimistic about the potential applications of D-Wave's quantum technology in areas such as supply-chain optimization and resource allocation, tasks that are beyond the capabilities of classical computers. However, analysts caution that while the technological advancement is significant, projecting future revenue remains challenging due to the early stage of commercial adoption in the quantum computing industry.

Despite the positive momentum, some market observers suggest that the stock's recent volatility may be driven more by short-term traders than long-term investors. As the quantum computing sector continues to evolve, D-Wave's ability to secure hardware sales and expand its recurring revenue from cloud and professional support services will be crucial for sustained growth.