D-Wave Stock Skyrockets as The Quantum Computing Revolution Gains Momentum

D-Wave Quantum Inc. ($QBTS) has become the hottest stock on Wall Street, surging 37% today and accumulating over 60% gains in just two days. This quantum computing pioneer is fueling excitement among investors, and analysts are taking notice. So, what’s behind this rally, and what’s next for D-Wave?

D-Wave reported a staggering 502% year-over-year increase in orders, sending the stock soaring. While overall revenue remains modest, the company’s outlook suggests a significant jump, with projected Q1 revenue exceeding $10 million—a major milestone.

D-Wave Quantum Inc. ($QBTS) has become the hottest stock on Wall Street, surging 37% today and accumulating over 60% gains in just two days. This quantum computing pioneer is fueling excitement among investors, and analysts are taking notice. So, what’s behind this rally, and what’s next for D-Wave?

D-Wave reported a staggering 502% year-over-year increase in orders, sending the stock soaring. While overall revenue remains modest, the company’s outlook suggests a significant jump, with projected Q1 revenue exceeding $10 million—a major milestone.

One key driver of revenue growth was the recent sale of an Advantage quantum computing system to a German research institute. This high-profile deal reinforces D-Wave’s leadership in quantum annealing technology, setting it apart from competitors like Google and IBM, which focus on gate-based quantum computing. The company is also in talks with three more research institutions about potential sales, adding further fuel to its bullish outlook.

Analysts Raise Price Targets as Quantum Race Heats Up

Top analysts are now betting big on D-Wave. Piper Sandler boosted its price target by 220% to $8, citing the company’s long-term leadership in quantum annealing. Needham also raised its target to $8.50, emphasizing that D-Wave is the only publicly traded company specializing in this approach—giving it a competitive edge.

However, not everyone is convinced. Needham analysts cautioned that D-Wave is still unprofitable and may need additional capital before reaching operational profitability. “Investors should be prepared for potential dilution before the company achieves financial stability,” they warned.

D-Wave’s explosive rally has ignited a broader surge in the quantum computing sector. Rivals like Rigetti Computing $RGTI and IonQ $IONQ saw double-digit gains, while Quantum Computing Inc. $QUBT soared 25% in a single day. This renewed interest marks a shift in sentiment after months of skepticism about quantum technology’s real-world applications.

Is Quantum Computing Ready for Prime Time?

A key question remains: When will quantum computing become commercially viable? While experts agree it could revolutionize fields like AI, materials science, and finance, opinions on its timeline vary. Nvidia CEO Jensen Huang recently stated that “practical quantum computing is still far away,” causing a temporary dip in D-Wave’s stock earlier this year.

But with the latest earnings report and growing institutional interest, investors now believe that quantum computing’s real-world impact may arrive sooner than expected.

D-Wave isn’t slowing down. The company is set to launch Advantage2, its next-generation quantum system, later this year. This higher-performance platform could drive more commercial adoption and accelerate sales. Additionally, D-Wave is expanding its quantum cloud services, making quantum computing more accessible to businesses worldwide.

The Bottom Line

D-Wave is at the forefront of the quantum computing revolution, and investors are taking notice. With surging demand, bullish analyst targets, and breakthrough technology, the stock has momentum on its side. However, challenges remain, including profitability concerns and competition from tech giants.

Will D-Wave maintain its upward trajectory, or is this rally just the beginning? Stay tuned - Quantum computing future is unfolding in real-time.

QBTS Stock Analysis

Total Score

 

 

score

3.64

 

Strong Sell

Hold

Strong Buy

 

 

Risk Level

 

LOW

HIGH

 

QBTS has Low Risk Level. Click here to check what is your level of risk