D-Wave Quantum Inc. (NYSE:QBTS) is one of the most active US stocks to buy according to analysts. On December 17, Wedbush initiated coverage of D-Wave Quantum with an Outperform rating and $35 price target. Wedbush argues that D-Wave is a standout investment because it is commercial-ready in an otherwise young industry. The firm highlighted the company’s immediate applicability of its annealing systems to complex optimization problems, its expansive reach across multiple industrial verticals, and the compe ...

Core Insights - IonQ, Inc. is experiencing commercial growth through enterprise hardware sales, indicating a scalable demand for quantum infrastructure [1] - The company has established Chattanooga as the first city to host both a quantum computer and a quantum network powered by IonQ technology, reflecting its expanding role in quantum computing and infrastructure [2] - IonQ's platform scalability is underscored by its deployment milestones, moving beyond cloud-only access to localized quantum compute capacity [3] Commercial Developments - IonQ closed a $22 million deal with EPB in Q1 2025, marking a significant shift towards direct system monetization [1][10] - The acquisition of Lightsynq is expected to enhance IonQ's system scalability through advanced quantum memory and improved error rates [4][10] - The company is deepening its presence in global telecom and defense markets, with initiatives live in South Korea, Singapore, and Tennessee [5] Competitive Landscape - Rigetti Computing reported flat revenues of $3.1 million in Q1 2025, focusing on government-aligned cloud-access models [7] - D-Wave Quantum reported revenues of $2.5 million in Q1 2025, down 14% year over year, with a focus on quantum-as-a-service offerings [8] Financial Performance - IonQ shares have surged 65.8% in the past three months, outperforming the industry's growth of 42.9% [9] - IonQ trades at a forward price-to-sales ratio of 103.83, significantly above the industry average of 3.87 [11] - The Zacks Consensus Estimate for IonQ's 2025 earnings per share implies a year-over-year increase of 61.5% [12]

Core Insights - D-Wave Quantum Inc. (QBTS) has experienced a remarkable growth of 1,343.6% over the past year, indicating strong investor confidence in its quantum annealing technology [1][7] - The company is focusing on practical applications of quantum technology, particularly in optimization problems, which sets it apart from competitors like IBM and Alphabet [2][5] Company Performance - D-Wave's Advantage2 prototype has demonstrated quantum advantage by completing complex tasks in minutes, which would take classical supercomputers millennia [5][7] - The Leap cloud platform and partnerships with companies such as Ford Otosan and NTT DOCOMO are generating real commercial value for D-Wave [5][7] Industry Context - IBM is developing its Quantum Starling, a fault-tolerant quantum computer expected to launch by 2029, which will significantly enhance operational capabilities [6] - Alphabet's Willow processor has achieved a milestone in quantum error correction, with expectations for real-world applications in the next five years [8] Financial Estimates - The Zacks Consensus Estimate for D-Wave's 2025 earnings suggests a 72% year-over-year improvement [9] - Current estimates indicate a gradual improvement in earnings per share (EPS) from -0.10 a year ago to -0.21 in 2025, with a projected growth of 30% for the current quarter and 45.45% for the next quarter [10]