D-Wave Quantum (QBTS) is climbing in tandem with a broader quantum-computing trade after NVIDIA released “NVIDIA Ising,” an open-source quantum AI model family aimed at speeding quantum processor calibration and error-correction workflows. The announcement has lifted multiple publicly traded quantum names over the last two sessions and is extending into today’s trade as investors re-price the near-term pace of quantum hardware progress and tooling adoption. (investor.nvidia.com)

QBTS has a meaningful short base relative to its float, which can magnify upside moves when prices rise quickly and liquidity tightens. Recent market data cited in trading coverage put short interest around 58.77 million shares (about 16.41% of float) with roughly 2.78 days to cover, conditions that can contribute to fast, momentum-driven upside when the tape turns positive. (benzinga.com)

While today’s catalyst is primarily sector momentum, D-Wave has been pointing investors to improving commercial traction entering 2026, including over $30 million of bookings in January and an eight-figure, two-year enterprise QCaaS agreement. Those datapoints have kept the narrative constructive for bullish traders during quantum-sector risk-on bursts, even as the stock remains volatile. (ir.dwavequantum.com)