D-Wave Quantum Inc. (NYSE:QBTS) is one of the best strong buy stocks to invest in right now. D-Wave Quantum Inc. (NYSE:QBTS) was initiated with an Outperform rating by Wedbush on December 17 with a price target of $35. The firm told investors that although still in its infancy, it sees the industry and the company benefiting from broad commercial adoption as the next major catalyst. This holds especially true since D-Wave Quantum Inc.’s (NYSE:QBTS) annealing systems are ready for commercial use. D-Wave Qu ...

Quantum computing is on course to take several steps forward this year.Quantum computing is a cutting-edge technology that has yet to be proven out, but numerous companies are working on producing commercially viable systems. While 2026 won't be the year that it reaches the mainstream, it's likely that there will be several impressive breakthroughs in the field.I think that these four quantum computing stocks will do well in 2026, and each one has its own set of circumstances that will drive its success. Al ...

Core Insights - D-Wave Quantum is recognized as a leader in quantum computing systems, software, and services, with its stock value nearly tripling since the start of 2025, despite ongoing losses [1] - The stock experienced a significant increase of about 450% year-to-date until mid-October, followed by a decline of over 39% in just over seven weeks, raising concerns about investor confidence [2] Financial Developments - D-Wave issued an ultimatum to stock warrant holders, allowing them to either exercise warrants at $11.50 or redeem them for $0.01, resulting in 4.7 million warrants exercised and 6.9 million new shares sold, raising $54.6 million [3][4] - The company now has approximately $850 million in cash, sufficient to sustain operations for the next 15 years at a cash burn rate of $55 million per year [4][5] Future Profitability - Analysts project that D-Wave is about five years away from achieving its first GAAP net profit and positive free cash flow, expected in 2030 [5] - The potential for positive free cash flow occurring a decade before a cash crunch suggests a favorable outlook for the stock [6] Stock Issuance Concerns - Despite having enough cash to reach breakeven, D-Wave continues to issue new stock, raising questions about the necessity of further dilution of shareholder value [8][9] - The number of outstanding shares has increased dramatically from about 3 million to over 350 million in the past four years, indicating a substantial cash raise beyond immediate needs [9]

Core Viewpoint - D-Wave Quantum Inc. has completed the redemption of all outstanding public warrants, with the redemption date set for November 19, 2025, marking a significant step in the company's financial management and capital structure [1][4]. Summary by Sections Redemption of Warrants - D-Wave announced the completion of the redemption of all public warrants to purchase shares of common stock, with a redemption date of November 19, 2025 [1]. - Prior to the redemption announcement on October 20, 2025, 4,746,358 warrants were exercised, resulting in approximately 6.9 million shares of common stock being issued at an exercise price of $11.50 per warrant, generating cash proceeds of about $54.6 million for the company [2]. - As of the redemption date, 270,820 warrants remained unexercised, which were redeemed at a price of $0.01 per warrant, totaling an aggregate redemption price of $2,708.20 [3]. Trading and Delisting - Following the redemption, the warrants ceased trading on the New York Stock Exchange (NYSE) and will be delisted, effective November 18, 2025, while the common stock continues to trade under the symbol "QBTS" [4]. Company Overview - D-Wave Quantum Inc. is recognized as a leader in quantum computing systems, software, and services, being the first commercial supplier of quantum computers [6]. - The company focuses on delivering value through its quantum computing technology, which includes both annealing and gate-model quantum computers, and has a strong customer base with over 100 organizations utilizing its systems for various computational challenges [6].

Core Points - D-Wave Quantum Inc. has completed the redemption of all outstanding public warrants to purchase shares of its common stock, effective November 19, 2025 [1][4] - A total of 4,746,358 warrants were exercised, resulting in approximately 6.9 million shares of common stock being issued at an exercise price of $11.50 per warrant, generating cash proceeds of about $54.6 million for the company [2] - As of the redemption date, 270,820 warrants remained unexercised and were redeemed at a price of $0.01 per warrant, totaling an aggregate redemption price of $2,708.20 [3] Company Overview - D-Wave Quantum Inc. is recognized as a leader in quantum computing systems, software, and services, being the first commercial supplier of quantum computers [6] - The company offers both annealing and gate-model quantum computers, with a mission to help customers realize the value of quantum technology [6] - D-Wave's quantum computers feature QPUs with sub-second response times and can be accessed through a quantum cloud service with 99.9% availability [6]

Industry Overview - Quantum computing is projected to create $450 billion to $850 billion in economic value globally by 2040, indicating strong growth potential for the industry [1] - The industry is expected to provide sustained tailwinds for early movers to capitalize on emerging opportunities [1] Company Profile: D-Wave (QBTS) - D-Wave identifies itself as the world's first commercial supplier of quantum computers and is well positioned to benefit from industry growth [1] - The company has submitted 200 million problems to its quantum systems and has over 100 revenue-generating customers [3] - D-Wave's established products include the world's largest quantum computers, and it operates in a significant addressable market, allowing for healthy growth [3] Stock Performance - QBTS stock has rallied by 222% year-to-date but has corrected by 42% from recent highs of $46.75, presenting a potential accumulation opportunity [2] - The stock has surged by 152% in the last six months, supported by a robust growth trajectory and an expanding client base [4] Innovation and Intellectual Property - D-Wave has a strong focus on innovation, holding over 280 granted patents in the United States and more than 550 granted or pending patents globally [5] - The company employs a team of 50 PhD scholars, positioning it well for meaningful advancements in quantum computing [5] Financial Performance - For the first nine months of 2025, D-Wave reported $21.8 million in revenue while spending $37 million on R&D, indicating cash burn typical for early-stage companies [6] - As of Q3 2025, D-Wave reported a cash balance of $836.2 million, providing a robust cash buffer that mitigates the risk of equity dilution in the near future [6] Analyst Ratings - Benchmark has reaffirmed its "Buy" rating for QBTS stock with a price target of $35, supported by positive business developments that are expected to drive continued growth momentum [2]

Core Insights - D-Wave Quantum is a leader in quantum computing, offering both quantum annealing and gate-model quantum computers for industrial and research applications [1][2] - The company has solved over 200 million problems on its quantum platforms since its founding in 1999 [2] Stock Performance - QBTS stock has increased approximately 265% year-to-date in 2025, despite a recent dip of about 4% over the last five days [3] - Over the longer term, the stock has gained over 288% in six months and more than 2950% over the past 52 weeks, significantly outperforming the Russell 2000's 10% gain [4] - The stock exhibits high volatility typical of emerging tech sectors, with sharp advances and corrections, but maintains a strong upward trajectory due to growing demand for quantum computing solutions [5] Financial Results - In Q2 2025, D-Wave reported revenue of $3.1 million, a 42% year-over-year increase, exceeding analyst expectations by 22% [6] - The company experienced a loss per share of $0.08, which was worse than the estimated loss of $0.05, attributed to non-cash warrant revaluation charges and increased operating expenses [6] - Operating expenses rose 41% to $28.5 million, reflecting investments in personnel and R&D, while gross margin remained steady at approximately 64% [7] - Adjusted EBITDA loss widened to $20 million, but D-Wave ended the quarter with record cash reserves of about $815 million, supported by a $400 million equity raise completed in July 2025 [7]

Core Insights - D-Wave Quantum Inc. (NYSE:QBTS) is recognized for its development of quantum computing systems, software, and cloud services that integrate quantum and classical computing for complex problem-solving [1] - Jim Cramer highlighted QBTS during a stock analysis segment, noting the competitive landscape with IBM and Google as the leading players in quantum technology [1] - Cramer expressed a speculative interest in QBTS, suggesting it could be a worthwhile investment for those looking to explore quantum computing opportunities [1] Company Overview - D-Wave Quantum Inc. focuses on quantum computing, offering systems and services that aim to solve complex problems through a combination of quantum and classical computing [1] - The company is positioned in a competitive market, with major competitors like IBM and Google leading advancements in quantum technology [1] Market Context - The discussion around QBTS reflects a broader interest in quantum computing, particularly in the context of national competitiveness and technological leadership, especially concerning China [1] - Cramer’s commentary indicates a growing interest in quantum technologies among investors, despite the dominance of established players like IBM and Google [1]

Company Overview - Rigetti Computing Inc. shares experienced a decline after B. Riley Securities analyst Craig Ellis downgraded the stock from Buy to Neutral, despite raising the price forecast from $35 to $42 [1] - The stock pullback followed a rally driven by speculation regarding potential equity stakes from the U.S. Commerce Department in key quantum computing firms, including Rigetti, aimed at enhancing national security [1][2] Recent Developments - The U.S. Commerce Department clarified that it was not engaged in active discussions regarding equity stakes, which had initially sparked optimism for government support in the quantum computing sector [2] - Rigetti announced approximately $21 million in new contracts, including a £3.5 million U.K. consortium project and a ~$5.8 million agreement with the U.S. Air Force Research Laboratory, indicating progress towards a system with over 1,000 qubits [4] Market Sentiment - Investor sentiment weakened following reports of potential new U.S. export restrictions on advanced technologies, contributing to the decline in Rigetti shares [4] - Analysts are anticipating Rigetti's upcoming third-quarter earnings, expecting a loss of 4 cents per share on $2.26 million in revenue, slightly below the previous quarter's $2.38 million [5] - As of the latest trading, RGTI shares were down 10.26% to $39.73 [5]

Core Insights - D-Wave Quantum Inc. (NYSE:QBTS) is recognized as a notable stock in the quantum computing sector, with potential for significant investment interest [1][2] - The company develops quantum computing systems, software, and cloud services aimed at business applications [2] Group 1 - Jim Cramer highlighted D-Wave as a speculative investment option among his top holdings, suggesting that it could provide unique opportunities in the quantum space [1] - Cramer acknowledged that while D-Wave is a strong player in quantum computing, IBM and Google are considered the leading companies in this field [1] - The article suggests that while D-Wave has potential, certain AI stocks may offer better upside potential with less downside risk [2]