D-Wave Jumps 25% as Quantum Stocks Rebound 10%-24%

4 articles · Updated · 24/7 Wall St. · May 21

D-Wave surged 25% in early Thursday trading, while Rigetti rose 24%, Quantum Computing gained 14% and IonQ added 10%, signaling a broad rebound across pure-play quantum names.
Monday’s selloff set up the bounce: IonQ had fallen 8%, D-Wave 9%, Rigetti 10% and Quantum Computing 10%, with the hardest-hit stocks now snapping back the most.
A calmer risk backdrop helped fuel the move, with the VIX at 17.44 versus a March peak of 31.05, drawing money back into high-beta, sentiment-driven shares.
Recent earnings offered support even without a fresh catalyst: IonQ posted $64.67 million in revenue and raised 2026 guidance to $260 million-$270 million, while peers also reported sharp growth or stronger bookings.
The rally still looks sentiment-led rather than thesis-changing, with cash burn and dilution risks intact; D-Wave’s June 1 Investor Day is the next clear test for the group.

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