On September 23, D-Wave Quantum Inc. rose 7.46% in regular trading, trading at $18.515/share, with turnover of $55.51 million. The rally was driven by a newly announced strategic partnership with CGI Group.
CGI announced on September 23 that it has partnered with D-Wave Quantum Inc. to integrate D-Wave's quantum computing platforms — including the Advantage2 quantum computer and hybrid solvers — into CGI's technology services portfolio. The collaboration targets real-world optimization and decision-making challenges across logistics, transportation, and retail industries, covering use cases such as industrial production planning, energy grid optimization, asset maintenance scheduling, train dispatching, supply chain planning, delivery route optimization, and workforce scheduling.
The deal marks another in a series of high-profile enterprise partnerships for D-Wave Quantum Inc. In recent months, the company expanded its quantum computing collaboration with AT&T for network operations, signed an agreement with Nasdaq Verafin to explore quantum-enhanced financial crime detection, and finalized up to $100 million in CHIPS and Science Act funding from the U.S. Department of Commerce. BMO Capital initiated coverage with an outperform rating and analysts polled by FactSet maintain a mean price target of $35.73.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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