D-Wave Quantum

QBTS

Market cap $11.2B

QBTS gains momentum after a proposed $100M CHIPS Act award, with growing commercial adoption and higher analyst-implied upside than RGTI.

Quantinuum, which has filed for an IPO, will likely start trading in early June as the number of quantum computing stocks continues to swell.

QBTS may offer stronger June upside than IONQ as bookings surge, enterprise adoption rises and analyst price targets imply bigger gains.

While the U.S. government's recent $2 billion capital injection via the CHIPS and Science Act provides a significant operational runway, the more profound structural shift is happening at the commercial level. The industry has finally crossed the chasm from theoretical lab physics to utility-scale industrial infrastructure, driven by a rapid acceleration in enterprise bookings, the maturation of recurring cloud-based revenue models, and a structural pivot toward high-yield commercial wafer fabrication.

The Commerce Department signed letters of intent to provide about $2 billion in CHIPS Act funding to nine quantum companies, taking a minority equity stake in each. IBM is in line for the biggest share -- $1 billion toward a new U.S. quantum chip foundry -- and its stock jumped double digits.

QBTS gains traction with record bookings and expanding system sales, while Rigetti Computing bets on long-term gate-model breakthroughs.

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today issued the following response to recent claims that newly published classical simulation work has “overturned” D-Wave's demonstration of quantum computational supremacy in quantum simulation. The claim that D-Wave's achievement has been overturned is inaccurate and not sup.

May 2026 has been a rollercoaster month for companies in the quantum computing industry, as leaders like D-Wave Quantum Inc. NYSE: QBTS, IonQ Inc. NYSE: IONQ, and Rigetti Computing NASDAQ: RGTI fell for much of the month, despite some promising Q1 results, before surging sharply toward month-end.

The IPO market is waking up again, and few offerings have generated as much buzz as SpaceX.

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today announced that it has been awarded second year funding for the Improved Materials for Superconducting Qubits with Scalable Fabrication (SQFab) project by the Northeast Regional Defense Technology Hub (NORDTECH). Awarded to D-Wave subsidiary Quantum Circuits, LLC, the SQFab project is one of four innov.