On June 18, D-Wave Quantum rose 5.37% in regular trading, trading at $24.145/share, with turnover of $271 million. The gain was driven by the company's announcement of a gate-model quantum computing simulator, described as the first of its kind designed for error-aware programming.

According to the company, the simulator gives developers visibility into errors and allows them to design applications and workflows that respond to real processor behavior. This product launch comes after D-Wave's analyst day earlier in June, where Mizuho raised its target price from $29 to $35 and maintained an Outperform rating, citing the company's clear roadmap toward fault-tolerant gate-based quantum computing. The new simulator directly validates that technical trajectory.

The stock had previously fallen over 20% in June amid CEO Alan Baratz's $17.95 million share sale and weak Q1 results showing revenue of approximately $2.86 million, down 81% year-over-year. Today's product announcement appears to have provided a positive catalyst for continued recovery.

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

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