Shares of some quantum computing companies rallied on Thursday, adding to gains from the previous session and bucking the broader market's trend after D-Wave Quantum forecast stronger-than-expected quarterly revenue.

D-Wave Quantum has emerged as a leader in quantum computing, analysts say, and Wall Street is throwing its support behind the company in a raft of research notes following its latest earnings report.

Quantum computing continues to advance rapidly, which has been helping businesses get new opportunities related to security, AI, optimization, and scientific discovery.