D-Wave Quantum
QBTS

$0.99

3.87%

Market Cap: 173M

About: D-Wave Quantum Inc is engaged in the development and delivery of quantum computing systems, software, and services, and is the commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers. The Company's mission is to unlock the power of quantum computing today to benefit business and society. D-Wave does this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modelling. D-Wave's annealing quantum computers are accessible through the Company's LeapTM cloud service.

Employees: 200

Information Technology Computer Processing & Data Preparation

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 7 analysts

0

News positive %

of 8 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

183% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 6

111% more capital invested

Capital invested by funds: $64.9M [Q4 2023] → $137M (+$71.8M) [Q1 2024]

75% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 12

19% more funds holding

Funds holding: 48 [Q4 2023] → 57 (+9) [Q1 2024]

5.9% less ownership

Funds ownership: 65.0% [Q4 2023] → 59.1% (-5.9%) [Q1 2024]

11% less call options, than puts

Call options by funds: $715K | Put options by funds: $799K

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Research analyst outlook

7 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$2.50

152%

upside

Avg. target

$2.86

189%

upside

High target

$4

304%

upside

7 analyst ratings

7 positive

100%

0 neutral

0%

0 negative

0%

B. Riley Securities Craig Ellis	203%upside $3	Buy Initiated	25 Jul 2024
Needham Quinn Bolton	153%upside $2.5	Buy Reiterated	17 May 2024
Needham Quinn Bolton	153%upside $2.5	Buy Reiterated	14 May 2024
Needham Quinn Bolton	153%upside $2.5	Buy Initiated	8 Apr 2024
Benchmark David Williams	304%upside $4	Buy Maintained	2 Apr 2024

See Analyst Rankings

Financial journalist opinion

Based on 8 articles about QBTS published over the past 30 days

Get Your Money Out of These 3 Quantum Computing Stocks by 2025

Quantum mechanics could very well unlock the next stage of modern computing. Scientists can leverage the complex physics of subatomic particles to develop advanced computing systems.

Get Your Money Out of These 3 Quantum Computing Stocks by 2025

3 Quantum Computing Stocks to Bet on for Market-Crushing Returns

Quantum computing holds massive potential, creating substantial opportunities for quantum computing stocks. For example, a recent McKinsey report states that quantum computing could help generate nearly $2 trillion in value for chemicals, life sciences, finance, and mobility by 2035.

3 Quantum Computing Stocks to Bet on for Market-Crushing Returns

7 Quantum Computing Stocks That Could Be Multibaggers in the Making: July Edition

Quantum computing is still relatively new which means that there is a lot of opportunity when it comes to quantum computing stocks. Advancements in quantum computing technology such as the superconducting qubits and the trapped ion technology have boosted the efficiency and effectiveness of quantum systems.

7 Quantum Computing Stocks That Could Be Multibaggers in the Making: July Edition

D-Wave's Quantum Workforce Development Initiative Sees Double-Digit Growth in 1H 2024

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, today announced that enrollment in its quantum training courses has experienced double-digit growth in the first six months of 2024, compared to the same period in 2023. Enrollment in the “Quantum Programming Core” course increased by 53%, and all total enrollments (“Core”.

D-Wave's Quantum Workforce Development Initiative Sees Double-Digit Growth in 1H 2024

Treasure Hunt: 3 Quantum Computing Stocks Wall Street Hasn't Discovered Yet

Quantum computing is making notable strides, positioning itself as a compelling sector for investment. These advancements are expected to drive interest in quantum computing stocks, as the industry progresses from research and development.

Treasure Hunt: 3 Quantum Computing Stocks Wall Street Hasn't Discovered Yet

Zapata AI and D-Wave Quantum Announce Expanded Partnership to Accelerate Development and Delivery of Generative AI Platforms

BOSTON & PALO ALTO, Calif.--(BUSINESS WIRE)--Zapata Computing Holdings Inc. (“Zapata AI”) (Nasdaq: ZPTA), a leader in Industrial Generative AI software solutions, and D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, today announced a significant expansion to their joint commercial partnership, designed to accelerate the development and delivery of integrated quantum and gen.

Zapata AI and D-Wave Quantum Announce Expanded Partnership to Accelerate Development and Delivery of Generative AI Platforms

3 Quantum Computing Stocks With Strong Buy Ratings: Summer 2024

Down but not out, quantum computing stocks are a buy on excessive weakness. For one, as noted by McKinsey , quantum computing could help solve the most complex problems faster than ever before.

3 Quantum Computing Stocks With Strong Buy Ratings: Summer 2024

The 3 Best Quantum Computing Stocks to Buy in July 2024

Analysts state that the financial services sector is expected to see significant benefits from quantum computing through enhanced portfolio optimization and fraud detection capabilities. Throughout all of this, the healthcare industry is anticipated to leverage quantum computing for drug discovery and personalized medicine.

The 3 Best Quantum Computing Stocks to Buy in July 2024

B.C. Provincial Government Officials Tour D-Wave's Quantum Engineering Center of Excellence Amid Growing Quantum Adoption and Upskilling

BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, announced that Jagrup Brar, B.C. Minister of State for Trade and MLA for Surrey-Fleetwood, and Janet Routledge, B.C. Parliamentary Secretary for Labour and MLA for Burnaby North, toured the company's Burnaby-based Quantum Engineering Center of Excellence yesterday.

B.C. Provincial Government Officials Tour D-Wave's Quantum Engineering Center of Excellence Amid Growing Quantum Adoption and Upskilling

D-Wave Nominated as a GameChanger: Finalist for Technology Impact Award

BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced that the BC Tech Association has named D-Wave as one of the finalists in the GameChanger Ambition category of for its upcoming Technology Impact Awards (TIAs). Winners will be announced at the TIAs gala on October 23, 2024. The GameChanger Ambition aw.

D-Wave Nominated as a GameChanger: Finalist for Technology Impact Award

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