We recently published 10 Stocks With Eye-Popping Double-Digit Gains. D-Wave Quantum Inc. (NYSE:QBTS) is one of the top performers on Friday.
D-Wave Quantum soared to another all-time high on Friday, as investors snapped up shares following news that police operations have improved from using one of its hybrid systems, solidifying the increasing real-world significance of quantum computing technologies.
In intra-day trading, D-Wave Quantum Inc. (NYSE:QBTS) jumped to as high as $33.28 before trimming gains to finish the day just up by 11.95 percent at $32.70 apiece.
D-Wave Quantum (QBTS) Soars to New High on Real-World Quantum Computer Significance
Photo by Anton Maksimov juvnsky on Unsplash
This followed news on Thursday that its quantum computing technology helped improve the North Wales Police’s incident response capabilities by 50 percent after the latter leveraged its hybrid-quantum application to optimize the placement of police vehicles for emergency response.
D-Wave Quantum Inc. (NYSE:QBTS) said the partnership resulted in a faster, more accurate, and efficient solution than classical methods alone.
“As police forces increasingly rely on data-driven strategies to improve response times and coverage, hybrid-quantum computing can offer the speed, precision, and intelligence needed to identify optimal officer placements and enhance public safety,” said D-Wave Quantum Inc. (NYSE:QBTS) CEO Alan Baratz.
“Hybrid-quantum computing is beginning to show real-world potential across private and public sectors, and we’re thrilled to see the potential for it to make a meaningful impact in forward deployment with North Wales Police,” he noted.
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Disclosure: None. This article is originally published at Insider Monkey.