D-Wave Quantum Inc. ( QBTS ) shares traded higher on Wednesday after Microsoft issued a statement to its business customers to get “quantum ready” and Nvidia announced its first-ever quantum day event.

D-Wave Quantum ( QBTS ) has not been the only company to see significant gains; other companies, like Quantum Computing Inc. ( QUBT ), have also experienced significant gains. This surge underscores the growing anticipation and investment in quantum computing technologies.

Apart from this, today, D-Wave partnered with Carahsoft Technology Corp.

As per the deal, Carahsoft will serve as D-Wave’s Master Government Aggregator. Notably, D-Wave and Carahsoft will jointly promote D-Wave’s quantum solutions to the Public Sector via Carahsoft’s reseller network.

These offerings include real-time access to D-Wave’s Advantage quantum systems through the Leap cloud platform, workforce training to enhance Public Sector skills, and expert support from D-Wave’s professional services team to develop tailored applications for specific government use cases.

This partnership will make D-Wave’s cutting-edge quantum computing technologies available to the Public Sector through its reseller network and various procurement contracts.

D-Wave technologies enable the development of quantum and hybrid applications that address key Public Sector priorities, such as national defense, intelligence, emergency management and energy resilience.

Last week, D-Wave Quantum ( QBTS ) said it expects booking to exceed $23 million, marking a 120% increase over fiscal year 2023.

Additionally, D-Wave disclosed that its fiscal fourth-quarter 2024 bookings will reach at least $18 million, a staggering 500% increase over the same period last year.

Price Action: QBTS shares are up 14.2% at $5.402 at the last check Wednesday.

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