QBTS is trading 4.54% up at $25.55 in after-hours trading, driven by significant company-specific developments. * D-Wave announced the launch of a new gate-model quantum computing simulator designed for error-aware programming, with access scheduled for September 2026. * Mizuho raised its price target on QBTS to $35 from $29 with a "Buy" rating, citing growing bookings and improving customer adoption, while Roth Capital increased its target to $40. * The Nasdaq Composite ended the day lower, slumping 1.3%, suggesting QBTS's movement is company-specific rather than a broad market trend.