QBTS Stock Surges Again: D-Wave Extends Meteoric Run Above $34
Quantum computing shares resumed their upward trend to start the week, surging more than 8% on Monday as buyers rejected previous profit...
Quick overview
- Quantum computing shares surged over 8% on Monday, signaling renewed optimism in the sector after a brief profit-taking pause.
- D-Wave's stock has skyrocketed 2,600% in under a year, driven by technological breakthroughs and strong investor interest.
- Despite impressive revenue growth, D-Wave faces challenges with profitability and high valuations, raising concerns among investors.
- The company is expanding internationally and launching new products to solidify its market position, even as volatility persists.
Quantum computing shares resumed their upward trend to start the week, surging more than 8% on Monday as buyers rejected previous profit-taking and restored confidence in the quickly growing sector.
Quantum Rally Resumes After Brief Pause
After a blistering ascent through most of 2025, quantum computing stocks came roaring back this week. The sector jumped more than 8% on Monday, adding to an already remarkable year-to-date performance.
D-Wave (NASDAQ: QBTS)—the poster child of the rally—stumbled briefly early last week as profit-takers locked in gains, but buyers quickly returned. The stock ended the week up more than 20%, and Monday’s surge carried it to $35, with an additional 0.40% rise in after-hours trading. So far in 2025, QBTS has soared an astonishing 265%, lifting its market capitalization to roughly $12 billion.
From Penny Stock to Market Star
D-Wave’s meteoric climb remains one of Wall Street’s most dramatic stories. The stock rocketed from just $1 in late 2024 to $27.70 by September 2025—a jaw-dropping 2,600% gain in under a year.
That rally was propelled by a series of breakthroughs in quantum computing technology, renewed U.S. government support for quantum innovation, and speculative enthusiasm among retail and institutional investors alike.
The recent pullback reflected a natural round of profit-taking and concerns over sky-high valuations. Analysts now identify the $20 level as a potential key support zone should the correction deepen.
Valuation Pressures Stir Market Jitters
Despite its advances, the quantum sector is showing signs of investor fatigue. Many traders warn that the rally may have run too far, too fast—citing stretched price multiples and rising short interest as red flags.
D-Wave’s fundamentals remain a mix of promise and risk: while a recent capital raise strengthened the balance sheet, its lofty valuation leaves little room for error if growth momentum falters.
Adding intrigue to the sector’s rise, a CyberScoop report suggested that the Trump administration could expand its national quantum policy framework—potentially issuing new directives aimed at protecting U.S. infrastructure from quantum-enabled cyber threats and solidifying U.S. technological leadership.
Technical Signals Still Point Upward
Even after recent volatility, the technical picture for QBTS remains encouraging. The stock has frequently rebounded off key moving averages, highlighting sustained speculative demand.
QBTS Chart Weekly – The 20 SMA Held As Support
In early September, two bullish doji candlesticks emerged after a sluggish August and disappointing Q2 results. This pattern preceded a 75% surge in just two weeks, reflecting the stock’s explosive volatility—an attractive feature for active traders despite the risks.
Strong Growth Meets Persistent Losses
The company’s financials mirror the broader challenge for the quantum industry: rapid top-line growth offset by heavy losses.
D-Wave recently reported $3.1 million in revenue, exceeding the $2.55 million consensus estimate and marking 41% year-over-year growth. Yet earnings disappointed, with an EPS of $0.08, missing expectations by $0.03. Profitability remains elusive, with a return on equity of –118.87% and a net margin of –1,263.92%.
Analysts project a full-year loss of about –$0.41 per share, underscoring the steep costs of scaling this nascent technology.
Strategic Expansion and Global Outreach
Looking ahead, D-Wave is accelerating efforts to expand internationally and solidify its competitive lead. The company announced its inaugural Qubits Japan 2025 user conference in Tokyo, reflecting 83% growth in Asia-Pacific bookings.
It also unveiled the 4,400-qubit Advantage2 system, signaling ongoing commitment to pushing the frontier of commercial quantum solutions. These milestones aim to cement D-Wave’s position as a global leader despite valuation headwinds.
Outlook: High Potential, High Volatility
Despite trading at over 150× sales, investors remain optimistic that D-Wave’s technological edge, expanding partnerships, and government support will ultimately justify its premium.
The stock’s roller-coaster trajectory—blending headline-grabbing rallies with sharp pullbacks—illustrates both the extraordinary promise and the significant risks tied to investing in the quantum revolution.
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