Quantum Computing Stock Breaks Record on New Launch

Core Insights - D-Wave Quantum Inc's shares have surged 29.6% to a record high of $17.04 following the announcement of its sixth-generation quantum computer, which features the most advanced quantum processor to date and is aimed at real-world applications such as AI, optimization, and materials simulation [1] Group 1 - The stock is on track for its fifth gain in the last six sessions and has experienced a remarkable 1,188.2% year-over-year increase, having already doubled in 2025 [2] - Shares are consolidating above the $112 level, which previously capped rallies in December and March [2] Group 2 - Options volume is significantly high, running at nine times the intraday average, with 219,000 calls and 75,000 puts traded so far, indicating strong market interest [3] - The most active options are the weekly 5/23 16 call, with new positions being opened in the leading six call contracts [3] Group 3 - There is a notable shift in market sentiment, with pessimism rapidly unwinding, as indicated by the stock's 50-day put/call volume ratio ranking higher than 97% of readings from the past 12 months [4]