QBTS Stock Already Down 23% in 2026: Buy or Hold as Fed Stays Tight?

Key Takeaways QBTS has fallen about 23% YTD as markets rotate away from speculative growth amid higher-for-longer rates.D-Wave revenues were $21.8M in the first nine months of 2025 with 80% gross margins & 100 paying customers.QBTS ended Q3 with over $800M in cash to scale QCaaS & advance Advantage platforms amid tough macro scenario.D-Wave Quantum’s (QBTS) roughly 23% decline so far in 2026, underperforming the broader markets and key benchmarks, shows how investors are differentiating between early-stage, ...