D-Wave Quantum (QBTS) shares are likely to remain in focus on Tuesday after reaching a multi-year high following reports that the company's quantum computer surpassed a supercomputer in performance. The stock broke out of a symmetrical triangle last Friday, indicating a potential upward trend.

Technical analysis suggests a bullish price target of $20 based on the measuring principle, while bar pattern analysis forecasts a target of around $52. Investors should keep an eye on the support zone between $5.30 and $3.75 during profit-taking phases. The company's CEO stated that their quantum computer now outperforms the most powerful supercomputers globally, leading to a surge in D-Wave shares by nearly doubling since the announcement. The stock closed at $11.18 on Monday, marking its highest level since August 2022.