Quantum computing momentum grows: D-Wave announces first major breakthrough of 2026

Core Insights - D-Wave has announced a significant breakthrough in quantum computing, achieving scalable, on-chip cryogenic control for gate-model qubits, which is claimed to be an industry first [1] - This advancement addresses a major challenge in building commercially viable and scalable gate-model quantum computers by reducing complexity and resource requirements [1][2] Company Developments - D-Wave has made several notable announcements in the past year, including achieving "quantum supremacy" by simulating the properties of magnetic materials with its Advantage2 annealing quantum computer [3] - The company secured a $12 million deal to expand its presence in Europe [3] Stock Performance - D-Wave's stock has seen a dramatic increase of over 200% in the past year, rising from under $1 two years ago to nearly $31 as of January 5 [4] Technological Investment - The company has invested heavily in quantum technology for a decade, leading to the recent advancements in gate-model programs, which are seen as a differentiating factor for D-Wave [5]