Profit-Taking Hits D-Wave: QBTS Stock Falls 15% Off the Highs After Historic Rally
Stocks in quantum computing have soared in 2025, but following months of high increases, the industry is experiencing steep declines...
Quick overview
- Quantum computing stocks have experienced significant gains in 2025, but are now facing sharp pullbacks as investors take profits.
- Leading companies like D-Wave, Rigetti, and IonQ have seen dramatic year-over-year increases, with D-Wave soaring 2,600% from late 2024.
- Despite recent losses, D-Wave's technical indicators suggest a continued bullish trend, supported by strong moving averages.
- D-Wave is focusing on international expansion, with a successful user conference in Japan and rising demand in the Asia-Pacific region.
Stocks in quantum computing have soared in 2025, but following months of high increases, the industry is experiencing steep declines as investors lock in profits and reevaluate exorbitant valuations.
Sector Pullback After Strong September
Shares of leading quantum computing companies, including D-Wave (QBTS), Rigetti, and IonQ, slipped today. QBTS in particular is down nearly 10% from yesterday’s highs above $29, though it remains up more than 75% on a monthly basis. The pullback follows a meteoric September run, fueled by technological breakthroughs and renewed U.S. government policy support for quantum innovation.
The broader 2025 picture highlights just how extraordinary the rally has been: D-Wave has skyrocketed by 2,600% in a year, climbing from $1 in late 2024 to above $26 today. IonQ is up 700% year-over-year, while Rigetti boasts an even more staggering 2,500% surge. Still, today’s weakness reflects profit-taking and a wider dip across equity markets.
A CyberScoop report suggesting that the Trump administration may expand its national quantum policy framework has been a major catalyst for the sector. The strategy, potentially involving executive orders, would aim to safeguard U.S. technological leadership while addressing risks from future quantum-enabled cyberattacks.
Technical Momentum Still Intact
Despite today’s losses, technical indicators continue to favor D-Wave’s bullish trajectory. Moving averages on the daily chart have repeatedly acted as strong support, allowing the stock to recover quickly from dips.
QBTS Chart Daily – Will We See A Deeper Pullback?
In early September, two bullish doji candlesticks appeared after a weak August and softer-than-expected Q2 earnings. Since then, the stock has surged over 75% in two weeks, underscoring the momentum that continues to attract speculative inflows.
Earnings Growth Shows Promise, Losses Persist
D-Wave’s most recent results offered a mixed picture. The company reported EPS of $0.08, missing estimates by $0.03, but revenue came in at $3.1 million, beating expectations of $2.55 million and showing nearly 41% growth year-over-year.
Still, profitability remains far out of reach. D-Wave posted a negative net margin of -1,263.92% and return on equity of -118.87%. Analysts project a full-year loss of around -$0.41 per share, underscoring the steep costs of scaling next-generation computing technology.
Strategic Expansion and Global Reach
Beyond earnings, D-Wave is betting big on international growth. The company recently announced its inaugural Qubits Japan 2025 user conference in Tokyo, highlighting rising demand across Asia-Pacific. Reservations in the region surged 83%, while the unveiling of its 4,400-qubit Advantage2 system reinforced its push to stay ahead of competitors.
Although valuations remain sky-high—trading at over 150× sales—investors are still betting that D-Wave’s technological edge and expanding partnerships will eventually cement its dominance in the quantum computing race.
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