NEW YORK — D-Wave Quantum Inc. (NYSE: QBTS) shares surged 24.46% to $24.02 in morning trading on Thursday, May 21, 2026, as the quantum computing company benefited from reports that it is among recipients in a major U.S. government funding package for the sector.

The stock opened higher and maintained strong gains amid elevated trading volume. This move extended recent volatility in quantum stocks following broader sector momentum.

Media reports indicated that D-Wave Quantum is expected to receive approximately $100 million as part of a Trump administration initiative involving $2 billion in grants to multiple quantum computing firms. The funding includes equity stakes for the government in participating companies.

Other companies reportedly involved include IonQ, Rigetti Computing and Infleqtion. The announcements drove gains across the quantum sector on May 21.

D-Wave reported first-quarter 2026 results on May 12. Revenue was $2.9 million, down from the prior year, but the company recorded record quarterly bookings of $33.4 million, up nearly 2,000% year-over-year. The bookings included a $20 million system sale to Florida Atlantic University and a $10 million two-year enterprise agreement with a Fortune 100 company.

CEO Alan Baratz highlighted the commercial traction. The company ended the quarter with $588.4 million in cash and marketable securities. It continues to advance its annealing quantum systems while developing gate-model capabilities.

D-Wave focuses on practical quantum computing applications, particularly optimization and machine learning problems. Its systems are commercially available today through cloud access and on-premise installations. The company serves customers in logistics, finance, manufacturing and government sectors.

The stock has traded in a 52-week range reflecting high volatility typical of the emerging quantum sector. Market capitalization exceeded $8 billion in recent sessions. Analyst price targets vary, with some firms citing long-term potential despite near-term revenue fluctuations.

No new company-specific announcements were released on May 21. The surge aligned with sector-wide enthusiasm following government funding reports. D-Wave has previously engaged with federal programs and expressed interest in partnerships that advance national quantum initiatives.

The company relocated operations and maintains a focus on scalable quantum solutions. It has demonstrated systems with hundreds of qubits and continues research toward error-corrected, fault-tolerant computing.

Investors monitor D-Wave’s progress on commercial bookings, technical milestones and path to profitability. The company has emphasized both hardware sales and quantum computing as a service (QCaaS) offerings.

Broader market context included positive sentiment around quantum technology amid U.S. efforts to maintain technological leadership. The sector has attracted significant private and public investment in recent years.

Trading volume on May 21 far exceeded recent averages as the funding news circulated. Quantum peers also posted notable gains in morning sessions.

D-Wave Quantum, headquartered in Burnaby, British Columbia, with U.S. operations, went public through a SPAC merger. It remains one of the few publicly traded pure-play quantum computing companies with commercially available systems.

The company’s next earnings update is anticipated in August for the second quarter. Management has focused on converting strong bookings into recognized revenue while advancing its technology roadmap.

Analysts track key metrics including bookings growth, cash position and customer adoption. D-Wave continues to invest in R&D while scaling commercial deployments.

The stock’s performance on May 21 underscores investor interest in quantum computing firms positioned for government and enterprise contracts. Market participants will watch for confirmation of funding details and execution on commercial goals.

Q1: 2026-05-15 Earnings Summary

EPS of -$0.20 misses by $0.03

 | Revenue of $16.96M (71.45% Y/Y) beats by $12.28M

This article was written by

Follow

The Dow Jones Industrial Average was up 500 points, or nearly 1%, as the heavy-weighted stocks gained.

Goldman Sachs shares were up 3.7%. It holds the biggest of weight in the index, nearly 12%. Caterpillar, which is the next heaviest stock at 10.8%, was up by 1.3%. Nvidia, Boeing, Amazon shares were also gaining.

LOS ANGELES — Olivia Rodrigo announced on May 19, 2026, that her new single “The Cure” will be released on Friday, May 22, describing it as her favorite song on her upcoming third studio album.

The 23-year-old singer shared the news on Instagram alongside promotional cover art for the track. She wrote: “the cure comes out this friday . it’s my favorite song on the album and one of my favorite songs I’ve ever made.”

Rodrigo also confirmed that the song and its music video will premiere at 9 p.m. PT / midnight ET on May 22. The announcement generated immediate excitement among fans, who have been anticipating new music since the release of her previous single “Drop Dead” in April 2026.

The upcoming album is titled you seem pretty sad for a girl so in love, with an expected release date of June 12, 2026, via Geffen Records. “The Cure” follows “Drop Dead” as the second single from the project.

Rodrigo first teased the new era with cryptic promotional campaigns earlier in 2026. The title of the album and details about its themes have sparked widespread discussion among fans and music critics.

The singer has not released additional details about the sound or lyrical content of “The Cure” beyond calling it one of her favorites. She performed on “Saturday Night Live” earlier in May, where she hosted and served as musical guest, further building anticipation for new material.

Rodrigo rose to global fame with her 2021 debut album Sour, which earned multiple Grammy Awards including Best New Artist. Her 2023 follow-up Guts continued her commercial and critical success with hits such as “vampire” and “bad idea right?”.

The new album is expected to continue her signature blend of pop, rock and emo influences while exploring themes of love, heartbreak and personal growth. Fans have speculated about the direction based on teaser visuals and social media activity.

Rodrigo’s team has not released further promotional details as of May 21. The Friday release aligns with standard industry timing for major singles to maximize weekend streaming and chart impact.

The announcement comes as Rodrigo maintains a high public profile. She has collaborated with major brands and appeared at high-profile events while preparing the new project. Her previous singles have consistently debuted at or near the top of global charts.

Music industry observers expect “The Cure” to generate significant streaming numbers upon release. Pre-save links and promotional campaigns are active across major platforms.

Rodrigo has not scheduled additional live performances immediately following the single release, though tour speculation has intensified with the album announcement. Her previous tours were among the highest-grossing in recent years.

The singer continues to work with longtime collaborators on production and creative direction. Specific credits for “The Cure” and the full album have not yet been disclosed.

Fans reacted quickly to the teaser, flooding social media with excitement and theories about the song’s content. The Instagram post accumulated millions of likes and comments within hours of being shared.

No official tracklist or additional singles have been confirmed for the June 12 album release. Industry sources indicate that more music is expected in the coming weeks leading up to the full project.

Rodrigo maintains an active presence on social media, where she connects directly with her global fanbase. Her posts often generate immediate cultural impact and chart movement for new releases.

The upcoming single and album represent a highly anticipated chapter in Rodrigo’s career as she continues to evolve as an artist while maintaining strong commercial performance. Pre-orders and streaming activity are expected to rise significantly in the days leading to the May 22 release.

Lynne Maxeiner
Vice President of Global Treasury & Investor Relations

Hi. Hello, everyone, and welcome to Vertiv’s 2026 Investor Conference. We have a full room here today in Greenville, South Carolina and many more on the webcast. So welcome, everyone.

First, let’s take care of a quick housekeeping item. I would like to point out that during the course of this event, we will make forward-looking statements regarding future events, including the future financial and operating performance of Vertiv. These forward-looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. We refer you to the cautionary language included in today’s presentation, and you can learn more about these risks in our annual and quarterly reports and other filings made with the SEC.

Any forward-looking statements that we make today are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events.

During our conference, we will also present both GAAP and non-GAAP financial measures. Our GAAP results and GAAP to non-GAAP reconciliations can be found in the investor presentation found on our website at investors.vertiv.com.

So let’s take a quick look at