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.

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

The development could lead to the first practical uses of the technology and a potential pay-off for the company

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.

D-Wave's claim that its quantum computers can solve problems that would take hundreds of years on classical machines have been undermined by two separate research groups showing that even an ordinary

D-Wave Quantum (QBTS) shares are soaring Thursday morning after the quantum computing company posted fourth quarter results that topped revenue estimates and strong booking growth, while seeing a slightly wider-than-expected adjusted loss per share.

Quantum computing firm D-Wave claims it has demonstrated quantum supremacy on a “useful, real-world problem.” The company said the achievement was made using D-Wave’s Advantage2 prototype annealing quantum computer. Quantum supremacy is when a quantum computer can carry out calculations that classical computers practically cannot.