D-Wave Quantum

QBTS

Market cap $10.9B

Rigetti pushed back the timeline for its next system, while peers made acquisitions and struck new deals. Analysts remain bullish on the sector's long-term prospects.

QBTS signed multiple Q3 customer deals across airlines, banking and pharma, lifting bookings to $2.4M and spotlighting growing adoption.

D-Wave Quantum (QBTS +0.07%) is one of the most debated quantum stocks today. I break down why government adoption and Advantage2 could unlock massive upside, and what financial conditions must be met for it to happen.

Quantum computing is an addressable opportunity that has the potential to reach $1 trillion by 2035. Shares of IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. went parabolic last year in the wake of announced partnerships and the prospect of significant investments.

D-Wave Quantum made a key acquisition and technological breakthrough in 2026. The company's addition of Quantum Circuits and new cryogenic tech strengthened its offerings.

D-Wave Quantum stock surged last month thanks to government business news. Positive coverage from analysts also helped lift the stock.

IONQ stands to benefit as the National Quantum Initiative Reauthorization Act pushes government funding from research into real-world quantum deployment in 2026.

Quantum computing is still in its infancy, but if a company can crack the code, its stock will have massive upside. IonQ has proven to be one of the companies furthest along in minimizing the errors quantum systems produce.

Popular quantum computing company D-Wave Quantum Inc. NYSE: QBTS has taken another step toward cementing its status as a leader in the field with its early-2026 announcement that it plans to acquire privately-held rival Quantum Circuits Inc. in a deal worth $550 million. The move is D-Wave's first major acquisition announced since it revealed well over $800 million in cash reserves in its second-quarter 2025 earnings results, prompting speculation among investors that the company was preparing to go on a buying spree.

D-Wave's approach to quantum computing gives it an advantage over the competition. D-Wave's stock success may be more influenced by the market's risk appetite for now.