Analysts like D-Wave, IonQ, and Rigetti. But one appears to be Wall Street's favorite right now.How do you determine which stock is the best pick in a given market? Some investors turn to Wall Street analysts for their opinions. After all, these analysts are paid big bucks to thoroughly research the stocks they cover. And a lot of research is required in a complex field like quantum computing. If you're considering investing in up-and-coming quantum computing stocks D-Wave Quantum (QBTS 0.34%), IonQ (IONQ + ...

Core Insights - Quantum Computing stock has surged over 170% in the past year, raising questions about a potential stock split [2][5] - The company secured a significant contract with NASA, enhancing its commercial viability and contributing to the stock's rise [3][5] - Analysts have shown bullish sentiment towards the quantum computing industry, with a recent buy rating and a price target of $24 for Quantum Computing stock [6] Company Developments - Quantum Computing announced a prime contract with NASA's Goddard Space Flight Center for its Dirac-3 quantum optimization machine [3] - Following the NASA announcement, shares closed 53% higher the next day, indicating strong investor reaction [5] Market Sentiment - The stock has benefited from overall positive sentiment in the quantum computing sector, with analysts initiating coverage and projecting significant upside [6] - Despite the stock's impressive gains, the likelihood of a stock split is considered low due to the current share price and historical highs [9] Valuation Metrics - Quantum Computing shares are trading at a price-to-sales ratio of 2,566, making them appear expensive compared to peers like IonQ and D-Wave Quantum, which have lower price-to-sales multiples [11] - The absence of positive net income makes traditional valuation metrics like price-to-earnings ratio less relevant for assessing the stock [10] Investment Considerations - Given the high valuation and the improbability of a stock split, investors may consider alternative investments in the quantum computing space, such as peer companies or quantum computing ETFs [12]

Core Viewpoint - Quantum Computing Inc. has seen a significant stock price increase of over 170% in the past year, leading to speculation about a potential stock split as investor interest in quantum computing grows [2][3]. Company Developments - Quantum Computing Inc. secured a prime contract with NASA's Goddard Space Flight Center for its Dirac-3 quantum optimization machine, which contributed to a notable rise in stock price, closing 53% higher the day after the announcement [3][5]. - The company's current market capitalization stands at $2 billion, with shares trading around $10.20, having previously reached a high of $27.15 [4][5]. Market Sentiment - Analysts have shown bullish sentiment towards the quantum computing industry, with Lake Street initiating coverage on Quantum Computing Inc. and assigning a buy rating with a price target of $24, indicating a potential upside of over 35% from the previous close [6]. - Despite the positive sentiment, the stock is considered expensive, trading at 2,566 times trailing sales, compared to peers like IonQ and D-Wave Quantum, which trade at price-to-sales multiples of 127 and 247, respectively [11]. Stock Split Speculation - Investors are curious about the possibility of a stock split, as it is often perceived as a way to make shares more accessible. However, the likelihood of Quantum Computing Inc. proceeding with a stock split is deemed low, given the current share price dynamics [7][9]. - The rationale behind stock splits is often misunderstood, as they do not inherently increase the value of an investment, similar to dividing a pie into smaller slices without increasing the total amount [8].

Core Viewpoint - Quantum Computing stock has experienced significant volatility, currently down 38% year-to-date, influenced by market sentiment regarding interest rate cuts and broader economic conditions [1][2][4]. Market Performance - The stock price declined by 3.8% over the last week, while the S&P 500 and Nasdaq Composite fell by 2% and 2.7%, respectively [1][3]. - Despite initial declines, the stock saw a rebound on Friday, driven by increased investor optimism about potential Federal Reserve interest rate cuts [2][4]. Valuation and Investor Sentiment - The company's valuation fluctuated as investors reacted to Nvidia's Q3 report, initially buying into AI stocks before shifting to a bearish outlook due to concerns over an AI valuation bubble and interest rate policies [4]. - Recent polling indicates a 69% likelihood of a Federal Reserve rate cut in December, up from 44% the previous week, which is seen as a key catalyst for the stock's near-term performance [6]. Key Financial Metrics - Current market capitalization stands at $2 billion, with a trading range of $9.50 to $10.52 for the day and a 52-week range of $4.37 to $27.15 [5][6]. - The stock's gross margin is reported at -77783.88%, indicating significant financial challenges [6].

Core Viewpoint - Nvidia is positioned to profit in the quantum computing market by providing essential tools and services rather than developing quantum computers itself, similar to the "pick-and-shovel" investment strategy during the gold rush [1][2]. Quantum Computing Market Landscape - Major tech companies like Google, Amazon, and Microsoft are competing to develop large-scale quantum computers, while Nvidia is not directly involved in this race [3]. - Despite not being a direct competitor, Nvidia has a significant interest in quantum computing and can generate revenue without waiting for the technology to mature [4]. Nvidia's Quantum Simulation Solutions - Nvidia offers a solution for quantum simulation using its GPUs on classical computers, addressing the challenge of limited and expensive access to quantum processing units (QPUs) [5]. - Approximately 75% of organizations utilizing QPUs are employing Nvidia's CUDA-Q platform for quantum simulation [5]. Integration with Cloud Services - Three of the four largest cloud service providers—Microsoft Azure, Google Cloud, and Oracle Cloud—have integrated Nvidia Quantum Cloud into their platforms, with AWS being the notable exception [6]. Hybrid Quantum-Classical Systems - Nvidia anticipates that most practical quantum computers will be hybrid systems combining QPUs with classical supercomputers [7]. - The company is addressing the challenges posed by qubits, which require complex calibration and control, by leveraging its GPUs and developing NVQLink, a bridge between QPUs and GPUs [8][9]. Strategic Positioning and Revenue Generation - Nvidia's strategy in quantum computing mirrors its successful approach in artificial intelligence, where it provides the necessary chips and software tools rather than competing directly [10][11]. - The company reported revenue of $57 billion in Q3 2025 and projects $65 billion for the next quarter, indicating that its strategy in AI is yielding substantial returns [12].

D-Wave Quantum stock has sold off hard over the past few weeks.D-Wave Quantum (QBTS 0.49%) has had an incredible year, as the stock is up around 175%. However, that's nowhere near its peak stock price. Just a few weeks ago, D-Wave was up over 400% for the year, which shows how quickly the stock market has shifted to quantum computing stocks. But any quantum computing investor must understand that we're still years away from commercially viable quantum computing. This technology isn't expected to see widespr ...

Core Insights - D-Wave Quantum's share price has significantly increased over the past year, with a notable transaction by CFO John M. Markovich involving the sale of 200,000 shares for approximately $4.6 million [1][9]. Transaction Summary - The transaction involved the exercise of 200,000 options followed by an immediate sale of the same number of shares, indicating a liquidity event rather than a discretionary sale [6]. - The transaction value was $4.6 million, with a weighted average sale price of $22.94 per share, which was above the market close price of $20.41 on November 22, 2025 [2][6]. - Post-transaction, Markovich holds 1,482,874 shares valued at approximately $30.4 million [2][6]. Company Overview - As of November 20, 2025, D-Wave Quantum's stock price was $22.94, with a market capitalization of $7.08 billion [4]. - The company reported a trailing twelve months (TTM) revenue of $24.1 million and a net income loss of $398.8 million [4]. Business Model - D-Wave Quantum specializes in quantum computing systems, cloud-based quantum access, and professional services, generating revenue from system sales, cloud subscriptions, and enterprise services [7][8]. - The company employs a hybrid revenue model that combines hardware sales, recurring cloud service fees, and professional consulting to facilitate enterprise adoption of quantum computing [8]. Market Position - D-Wave's primary customers include sectors such as manufacturing, logistics, financial services, and life sciences, all seeking advanced computational solutions [8]. - The company's shares have appreciated significantly, with a total return of 597% over the past 12 months as of the transaction date [6]. Valuation Metrics - D-Wave Quantum's forward price-to-sales (P/S) ratio is approximately 281, indicating a high valuation compared to peers like IonQ, which has a forward P/S ratio of 136 [10][11]. - The elevated valuation suggests that it may not be an ideal time to buy D-Wave stock, but rather a favorable time for selling [11].

Core Viewpoint - D-Wave Quantum's CEO recently sold a significant portion of his stake, raising concerns about insider confidence in the company's future prospects [1][9]. Company Performance - Quantum computing stocks, including D-Wave Quantum, have underperformed recently, with a notable sell-off as the market reassessed the viability of these technologies [2]. - D-Wave's stock price has seen a dramatic increase of over 1,300% in the past 12 months, despite recent declines [8]. Insider Trading - CEO Alan Baratz exercised stock options for over 806,000 shares at $0.91 each and sold them at approximately $28, netting over $22 million. He also sold 168,000 shares at $23.17, totaling nearly $3.9 million [8]. - The significant insider selling, especially during a time of increased market attention, raises red flags for investors regarding management's confidence [4][9]. Business Model and Technology - D-Wave is pursuing a unique approach to quantum computing through quantum annealing, focusing on optimization problems relevant to logistics, AI inference, and statistical calculations [10]. - The potential market for D-Wave's technology is limited compared to broader quantum computing solutions offered by competitors, which may affect customer adoption [11][12]. Financial Performance - D-Wave reported a 100% year-over-year revenue increase in Q3, reaching $3.7 million, indicating early-stage growth but highlighting the long journey ahead for the company [12]. - The company is projected to become more viable around 2030, coinciding with broader adoption of quantum computing technologies [12]. Investment Considerations - D-Wave represents a high-risk, high-reward investment opportunity, with stock prices expected to be volatile and heavily influenced by insider trading news [14]. - The company's current valuation stands at more than 260 times sales, reflecting speculative investor sentiment [13].

Core Insights - Quantum computing stocks are entering a new phase with real contracts, tangible revenue visibility, and institutional interest, marking a shift from potential to commercial viability [1][5] - Significant funding and investor confidence are driving growth in quantum technology start-ups, with nearly $2.0 billion invested in 2024, a 50% increase from 2023 [2][5] Company Summaries - **IonQ**: Reported a 222% year-over-year revenue increase in Q3 2025, raising full-year revenue guidance to $106-$110 million, indicating strong commercial traction and technical progress [6][7] - **D-Wave**: Achieved $3.7 million in Q3 2025 revenues, doubling year-over-year, with improved operational efficiency and solid bookings, reflecting growth in enterprise use cases [9][10] - **Rigetti**: Reported $1.9 million in revenue for Q3 2025 but holds a strong cash position of approximately $600 million, providing a solid foundation for future growth and scaling efforts [11][12]

Quantum stocks have been absolutely demolished amid the latest tech-focused market pullback. ...