D-Wave Quantum shares were on track for a fresh record closing high Monday following last week's claim that the company's quantum computer outperformed a supercomputer.

Explore an investor's perspective on D-Wave Quantum Inc. as quantum computing evolves. Learn why growth uncertainty raises questions. Read more on QBTS stock here.

D-Wave Quantum (QBTS) has recently experienced a significant surge in its stock, rising over 100% in the past week, despite reporting a

D-Wave Quantum (NYSE:QBTS – Free Report) had its target price boosted by B. Riley from $11.00 to $12.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

D-Wave Quantum Inc. said today a peer-reviewed scientific paper proves it has finally passed a critical threshold and achieved “quantum supremacy” — that is, the point at which its quantum computers have finally solved a problem that’s impossible for even the most powerful “classical” computers to do.

D-Wave is the latest quantum computing company to say it has achieved “quantum supremacy,” better known as the ability to solve a problem with a quantum computer that can’t be done with a traditional computer.

Quantum computing company D-Wave has claimed to have achieved "quantum supremacy" by solving a "useful, real-world problem" more efficiently with their quantum computer than a traditional one for the first time.