Why D-Wave Quantum Computing Stock Popped Today

• D-Wave Quantum banal much than tripled this year.

• The institution plans to contiguous its exertion astatine CES 2026 successful January.

• 10 stocks we similar amended than D-Wave Quantum ›

Shares of quantum computing institution D-Wave Quantum Inc. (NYSE: QBTS) soared 13.5% done 10:40 a.m. ET Monday. And why?

This greeting the institution announced it volition enactment successful CES 2026 connected Jan. 7, 2026, presenting determination "its award-winning annealing quantum computing technology, hybrid quantum-classical solvers, and real-world lawsuit usage cases." Vice president of quantum exertion evangelism Murray Thom volition besides explicate the "potential for synergy betwixt quantum, AI and blockchain."

Image source: Getty Images.

D-Wave banal soared astir 230% successful 2025. In the company's Q3 report, CEO Dr. Alan Baratz said that "the satellite is watching quantum, and specifically D-Wave, arsenic we present quantum computing's worth to businesses, researchers, and governments now."

Last month, D-Wave announced 100% maturation successful Q3 gross and offered its improvements successful "gross profit, bookings, and currency balance" arsenic grounds of the company's "success successful accelerating planetary quantum computing adoption."

Yet D-Wave banal is thing of a enactment successful progress. Did gross treble successful Q3? Yes, but the company's inactive doing hardly $24 cardinal successful yearly business, which isn't a batch for a banal valued astatine $9.6 billion.

That works retired to a price-to-sales ratio of 400 times. And D-Wave, of course, has nary price-to-earnings ratio astatine all, due to the fact that it has nary earnings. Even Wall Street analysts who urge the banal (and determination are a batch of them) don't expect D-Wave turning profitable earlier 2030 astatine the earliest, according to information from S&P Global Market Intelligence. To execute this, they accidental D-Wave indispensable archetypal scope an yearly gross of much than $590 million.

There's a agelong mode to spell betwixt present and there. In the meantime, investors should expect D-Wave banal to commercialized similar the momentum banal that it is.

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