D-Wave Quantum shares rose 5.64% to $18.55 in Wednesday’s premarket trading after CGI disclosed a partnership to help clients apply quantum computing to optimization and decision-making across logistics, transportation and retail. CGI plans to integrate access to D-Wave’s Advantage2 quantum computer and hybrid solvers into its advanced technology services portfolio, building on more than a year of collaboration. D-Wave recorded $35.5 million in first-half 2026 bookings, up more than 1,120% year over year, while remaining performance commitments reached $40.7 million, an increase of 668%. Second-quarter revenue was $3.1 million, operating losses were $53.3 million and research and development spending totaled $28.2 million. The company had approximately $546 million in liquidity at the end of June and secured an arrangement for up to $100 million from the U.S. Department of Commerce. The next estimated earnings report is scheduled for Nov. 5, 2026, with analysts forecasting a loss of 10 cents per share and revenue of $4.26 million. The stock has a Buy consensus among 16 analysts, with an average price target of $38.78 and a range of $30 to $43. Benzinga Edge rated its momentum weak at 8.24, while traders are watching the $18.26-to-$18.56 50-day-average zone. D-Wave also has weightings of 10.17% in XQTM, 5.23% in WQTM and 16.03% in QTUP, leaving it exposed to potential ETF-driven buying or selling. The CGI announcement disclosed neither guaranteed revenue nor a specific contract value.