D-Wave shares jump after co claims 'quantum supremacy'

Shares of D-Wave Quantum QBTS.N jump in late morning trade on Weds after co says it has achieved 'quantum supremacy'

QBTS shares last up 9.5% at $5.89 after rising as high as $6.39 in the session

Palo Alto, California-based firm published peer-reviewed paper in the scientific journal Science on Weds, saying its quantum computer outperformed one of the world's most powerful classical supercomputers

Co claims its annealing quantum computer performed the most complex simulation in minutes and with a level of accuracy that would take nearly one million years using the supercomputer

"This is a remarkable day for quantum computing," CEO Alan Baratz said in the statement

Shares of other quantum computing firms also rise on Weds: Quantum Corp QMCO.O last up 10%, Quantum Computing Inc QUBT.O 12%, Rigetti Computing RGTI.O 10%, IonQ IONQ.N 16%

Google GOOGL.O and Amazon.com AMZN.O each unveiled their own quantum chips recently, while Microsoft MSFT.O last month said its new chip shows quantum computing is 'years, not decades' away

With move on Weds, QBTS shares down 30% YTD but up nearly six-fold over the past six months