← Quantinuum Inc. Class A Common Stock overview

Quantinuum Inc. Class A Common Stock vs D-Wave Quantum Inc. Common Stock: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Quantinuum Inc. Class A Common Stock (QNT)

Q3 2026
▲3▼1

Quantinuum's first earnings beat lifts stock, but valuation risks loom

  • Strong first earnings and raised guidance Quantinuum's first public earnings showed Q2 revenue up 279% to $8 million, and the company raised full-year guidance above analyst expectations. The stock jumped over 21% on the news, boosting investor confidence.

    This is the primary new positive catalyst for QNT's price during the period.

  • New partnerships and cloud deal Quantinuum announced an industry-first Oracle Cloud deal for its Helios quantum computer, plus partnerships with Rolls-Royce and Saudi Aramco. These deals expand commercial reach and validate its technology.

    These new commercial agreements support future revenue growth and investor optimism.

  • Government funding and NVIDIA sector boost U.S. government funding for quantum computing and NVIDIA's quantum push lifted the entire sector, including Quantinuum. This external support provides validation and potential funding for QNT.

    Sector-wide tailwinds from government and a major tech player helped drive QNT's stock higher.

  • High valuation and profitability concerns Quantinuum remains tiny and unprofitable, with Q1 revenue down 73% year over year and widening losses. One analysis warned the stock could fall 67% due to an extremely high price-to-sales ratio, and analysts now demand revenue visibility.

    This is the main counterweight, highlighting significant risks that could pressure the stock if commercialization slows.

August 2026
▲3▼1

Quantinuum's first earnings beat lifts stock, but valuation risks loom

  • Strong first earnings and raised guidance Quantinuum's first public earnings showed Q2 revenue up 279% to $8 million, and the company raised full-year guidance above analyst expectations. The stock jumped over 21% on the news, boosting investor confidence.

    This is the primary new positive catalyst for QNT's price during the period.

  • New partnerships and cloud deal Quantinuum announced an industry-first Oracle Cloud deal for its Helios quantum computer, plus partnerships with Rolls-Royce and Saudi Aramco. These deals expand commercial reach and validate its technology.

    These new commercial agreements support future revenue growth and investor optimism.

  • Government funding and NVIDIA sector boost U.S. government funding for quantum computing and NVIDIA's quantum push lifted the entire sector, including Quantinuum. This external support provides validation and potential funding for QNT.

    Sector-wide tailwinds from government and a major tech player helped drive QNT's stock higher.

  • High valuation and profitability concerns Quantinuum remains tiny and unprofitable, with Q1 revenue down 73% year over year and widening losses. One analysis warned the stock could fall 67% due to an extremely high price-to-sales ratio, and analysts now demand revenue visibility.

    This is the main counterweight, highlighting significant risks that could pressure the stock if commercialization slows.

Latest
▲3

Quantinuum Adds New Partners as Quantum Sector Demands Real Revenue

  • Rolls-Royce turbine-design collaboration Quantinuum agreed to a multi-year project with Rolls-Royce, Riverlane and Edinburgh's supercomputing center to test quantum simulation of gas-turbine airflow on its Helios machine. It brings revenue and proves its hardware can tackle real industrial problems, supporting the stock.

    A new commercial/industrial validation that can drive future demand and revenue for QNT.

  • Aramco MOU opens energy-sector demand Quantinuum signed a non-binding MOU with Saudi Aramco to explore quantum computing for complex energy problems, including fault-tolerant systems. It is early-stage and non-binding, but signals a large potential customer and new market, which investors read as future demand.

    New partnership that expands Quantinuum's addressable market into energy.

  • NVIDIA's AI-Quantum Push Lifts Sector NVIDIA's huge data-center forecast and its NVQLink/quantum research center, where Quantinuum is a founding collaborator, highlight hybrid quantum-classical computing. That association and Quantinuum's $2.1 billion cash pile support its position in the commercialization race.

    New external catalyst tying QNT to the AI infrastructure buildout and sector demand.

  • Sector shifts from hype to revenue proof Analysts now judge quantum stocks on revenue visibility, not qubit milestones. Quantinuum's 279% growth and raised outlook stand out, but its tiny $8 million quarterly revenue and high valuation remain a real risk if commercialization slows.

    Captures the period's key investor shift and the main counterweight to QNT's price.

▲3▼1

Quantinuum's first earnings show strong growth and a major Oracle cloud deal

  • Q2 revenue jumps 279%, guidance raised above expectations Quantinuum reported Q2 revenue of $8 million, up 279% from a year earlier, and raised full-year 2026 guidance to $28–32 million, above the $26.5 million consensus. The stock jumped over 21% on the news, as investors saw the first public earnings as proof the business is growing fast.

    This is the period's biggest new positive catalyst, directly driving the stock higher.

  • Oracle partnership puts Helios quantum computer in Oracle Cloud Quantinuum announced an industry-first deal with Oracle to integrate its Helios quantum computer into Oracle's data center and offer it as a cloud service. This expands Quantinuum's reach to Oracle's business customers and opens a new sales channel for hybrid AI-quantum workloads.

    A new commercial partnership that broadens demand and validates the technology with a major cloud provider.

  • Government funding and quantum ETF momentum lift sector U.S. government commitments, including $625 million for research centers and $2 billion for domestic quantum foundries, have driven quantum ETFs up sharply this year. Quantinuum's 98-qubit Helios system was cited as a key breakthrough, boosting investor interest in the whole sector.

    Shows a broad, ongoing tailwind from government spending that supports QNT's valuation and demand outlook.

  • Valuation concerns and weak prior-year revenue remain a counterweight Before earnings, one analysis argued Quantinuum could fall 67% to $17 because its price-to-sales ratio is extremely high. The company's Q1 revenue had also fallen 73% year over year, and its operating loss widened, reminding investors that the business is still small and unprofitable.

    Provides the main bear case and risk that balances the positive earnings and partnership news.

Q2 2026
▲3▼1

Quantinuum's IPO and analyst praise drive gains, but IonQ leads on key tech

  • IPO raised $1.68B, stock up 45% Quantinuum's June IPO raised $1.68 billion, pricing above target, and the stock has surged 45% since. Wall Street analysts initiated coverage with strong buy ratings and price targets up to $155, boosting demand for QNT shares.

    This is the core new event that directly explains the stock's recent rise and investor enthusiasm.

  • Honeywell spinoff completed, $19.5B market cap Honeywell finished spinning off its aerospace unit, leaving Quantinuum as a standalone public company with a $19.5 billion market cap. Honeywell retains a 48.1% stake, which may support the stock through alignment and potential future actions.

    This corporate event solidifies Quantinuum's public status and highlights Honeywell's continued backing, a positive for QNT.

  • IonQ leads in 2-qubit gate fidelity IonQ achieved 99.99% two-qubit gate fidelity, surpassing Quantinuum's 99.92%. This technological edge could make IonQ more competitive in the race for practical quantum computers, potentially pressuring QNT's long-term market position.

    It's a direct competitive comparison that could weigh on QNT's valuation if investors favor IonQ's technology.

  • $100M government quantum initiative The Trump administration's $2 billion quantum computing initiative includes $100 million earmarked for Quantinuum. This government support provides funding and validation, strengthening QNT's growth prospects and investor confidence.

    It's a new external catalyst that adds to the bullish case for QNT.

June 2026
▲3▼1

Quantinuum's IPO and analyst praise drive gains, but IonQ leads on key tech

  • IPO raised $1.68B, stock up 45% Quantinuum's June IPO raised $1.68 billion, pricing above target, and the stock has surged 45% since. Wall Street analysts initiated coverage with strong buy ratings and price targets up to $155, boosting demand for QNT shares.

    This is the core new event that directly explains the stock's recent rise and investor enthusiasm.

  • Honeywell spinoff completed, $19.5B market cap Honeywell finished spinning off its aerospace unit, leaving Quantinuum as a standalone public company with a $19.5 billion market cap. Honeywell retains a 48.1% stake, which may support the stock through alignment and potential future actions.

    This corporate event solidifies Quantinuum's public status and highlights Honeywell's continued backing, a positive for QNT.

  • IonQ leads in 2-qubit gate fidelity IonQ achieved 99.99% two-qubit gate fidelity, surpassing Quantinuum's 99.92%. This technological edge could make IonQ more competitive in the race for practical quantum computers, potentially pressuring QNT's long-term market position.

    It's a direct competitive comparison that could weigh on QNT's valuation if investors favor IonQ's technology.

  • $100M government quantum initiative The Trump administration's $2 billion quantum computing initiative includes $100 million earmarked for Quantinuum. This government support provides funding and validation, strengthening QNT's growth prospects and investor confidence.

    It's a new external catalyst that adds to the bullish case for QNT.

▲3▼1

Quantinuum's IPO and analyst praise drive gains, but IonQ leads on key tech

  • IPO raised $1.68B, stock up 45% Quantinuum's June IPO raised $1.68 billion, pricing above target, and the stock has surged 45% since. Wall Street analysts initiated coverage with strong buy ratings and price targets up to $155, boosting demand for QNT shares.

    This is the core new event that directly explains the stock's recent rise and investor enthusiasm.

  • Honeywell spinoff completed, $19.5B market cap Honeywell finished spinning off its aerospace unit, leaving Quantinuum as a standalone public company with a $19.5 billion market cap. Honeywell retains a 48.1% stake, which may support the stock through alignment and potential future actions.

    This corporate event solidifies Quantinuum's public status and highlights Honeywell's continued backing, a positive for QNT.

  • IonQ leads in 2-qubit gate fidelity IonQ achieved 99.99% two-qubit gate fidelity, surpassing Quantinuum's 99.92%. This technological edge could make IonQ more competitive in the race for practical quantum computers, potentially pressuring QNT's long-term market position.

    It's a direct competitive comparison that could weigh on QNT's valuation if investors favor IonQ's technology.

  • $100M government quantum initiative The Trump administration's $2 billion quantum computing initiative includes $100 million earmarked for Quantinuum. This government support provides funding and validation, strengthening QNT's growth prospects and investor confidence.

    It's a new external catalyst that adds to the bullish case for QNT.

D-Wave Quantum Inc. Common Stock (QBTS)

Q3 2026
▲2▼2

D-Wave gains validation but faces valuation and competition risks

  • Industry recognition and strategic deals IDC named D-Wave a MarketScape Leader, it acquired Quantum Circuits, expanded AT&T and NTT DOCOMO deployments, and signed a Nasdaq Verafin fraud-detection deal. These moves validate its technology and commercial traction.

    These new developments highlight growing industry recognition and customer adoption, which can boost investor confidence.

  • Strong bookings and analyst initiation Bookings surged over 1,120% to $35.5M, backlog reached $40.7M, and BMO initiated coverage at Outperform. This signals accelerating commercial momentum and analyst confidence.

    The surge in bookings and positive analyst coverage are new indicators of potential revenue growth.

  • Tiny revenue and CFO departure Revenue remains tiny and flat (~$3M quarterly, down 81% earlier), and the CFO retired abruptly. These raise concerns about financial execution and stability.

    Weak revenue and leadership turnover are new negative factors that could undermine investor confidence.

  • Extreme valuation and competitive pressures Valuation is extreme at 93x forward sales versus the industry's 4.4, and rivals IonQ and Quantinuum lead on accuracy and growth. Geopolitical tensions and AI sell-offs also pressured shares, down 36% over the past year.

    These ongoing risks highlight the stock's vulnerability despite operational progress.

August 2026
▲2▼2

D-Wave's commercial wins clash with flat revenue and CFO exit

  • Commercial deals and bookings surge D-Wave signed a fraud-detection deal with Nasdaq Verafin, expanded AT&T from trial to full deployment, and partnered with CGI to embed its systems into enterprise services. Bookings jumped over 1,120% to $35.5 million, and backlog reached $40.7 million, showing strong demand.

    This is the main new positive force driving the stock, showing accelerating commercial adoption.

  • Analyst coverage and board addition BMO initiated coverage with an Outperform rating and a $35 price target, while a BNP Paribas executive joined the board. These endorsements boost credibility and investor visibility, potentially attracting more institutional interest.

    New analyst validation and board strengthening are fresh positive catalysts for the stock.

  • Flat revenue and CFO retirement Q2 revenue stayed flat at $3.1 million, missing estimates, and the CFO retired abruptly, sending shares down 8%. The CFO exit raises concerns about financial leadership and execution during a critical growth phase.

    This is a key new negative event that pressured the stock and highlights execution risks.

  • Competitive pressure from rivals Rivals IonQ and Quantinuum lead on accuracy and revenue growth, raising doubts about D-Wave's annealing approach and near-term execution. This competitive gap could hinder D-Wave's ability to win larger contracts and scale revenue.

    New competitive developments pose a significant risk to D-Wave's market position and growth outlook.

Latest
▲3

D-Wave Expands Commercial Reach with CGI Deal and Gate Simulator Beta

  • CGI partnership brings D-Wave to enterprise clients D-Wave and CGI signed a partnership to embed D-Wave's Advantage2 system and hybrid solvers into CGI's client services for logistics, transportation, and retail. This moves D-Wave beyond research trials toward real commercial projects, supporting the case that demand is growing and could lead to recurring revenue.

    This is a concrete commercial adoption deal that expands D-Wave's customer reach and validates its technology for enterprise use.

  • Gate-model simulator beta advances product roadmap D-Wave launched a beta program for its gate-model quantum simulator, built on dual-rail superconducting technology, with early users including BBVA and Florida Atlantic University. This shows progress on its next-generation platform, which could attract more customers and investors betting on future growth.

    It demonstrates tangible progress on D-Wave's gate-model roadmap, a key long-term growth driver.

  • Nasdaq listing and board addition boost visibility D-Wave moved its stock listing to Nasdaq and added BNP Paribas executive Bernard Gavgani to its board. The Nasdaq move may attract more tech-focused investors and improve trading liquidity, while the board addition brings enterprise IT and cybersecurity expertise as D-Wave targets financial and government clients.

    These are capital-market and governance events that can increase investor interest and support the stock's valuation.

September 2026
▲3

D-Wave Wins $100M CHIPS Grant and Expands Customer Deployments

  • Finalized $100M CHIPS Act grant D-Wave signed a definitive agreement for up to $100 million in U.S. CHIPS Act funding, with the government taking a minority stake. This gives the company cash to develop bigger quantum systems without selling more shares, easing worries about running out of money.

    This is the period's biggest new event and directly boosts D-Wave's capital position.

  • NTT DOCOMO and AT&T expand real-world use NTT DOCOMO put a second D-Wave-powered app into daily production, cutting network signals by 65%, and AT&T agreed to expand its use of D-Wave technology. Real customers using the product in daily operations supports the case that demand is genuine, not just experimental.

    Shows commercial traction with major customers, a key driver of future revenue.

  • Canadian research grant adds funding D-Wave received up to CAD $300,000 from Canada's National Research Council to advance its annealing quantum software for commercial use. While small, it adds outside validation and funding for its core technology, helping support the stock's narrative.

    Another new source of non-dilutive funding and external validation for D-Wave's approach.

  • Sector rally on IonQ error decoder, but valuation still extreme IonQ's first real-time quantum error decoder lifted the whole quantum sector, with D-Wave up over 5.5% in sympathy. But D-Wave still trades at 93 times forward sales versus the industry's 4.4, and its shares are down 36% over the past year, a reminder of high risk.

    Captures the positive sector sentiment while flagging the real counterweight of extreme valuation and weak long-term stock performance.

▲3

D-Wave Wins $100M CHIPS Grant and Expands Customer Deployments

  • Finalized $100M CHIPS Act grant D-Wave signed a definitive agreement for up to $100 million in U.S. CHIPS Act funding, with the government taking a minority stake. This gives the company cash to develop bigger quantum systems without selling more shares, easing worries about running out of money.

    This is the period's biggest new event and directly boosts D-Wave's capital position.

  • NTT DOCOMO and AT&T expand real-world use NTT DOCOMO put a second D-Wave-powered app into daily production, cutting network signals by 65%, and AT&T agreed to expand its use of D-Wave technology. Real customers using the product in daily operations supports the case that demand is genuine, not just experimental.

    Shows commercial traction with major customers, a key driver of future revenue.

  • Canadian research grant adds funding D-Wave received up to CAD $300,000 from Canada's National Research Council to advance its annealing quantum software for commercial use. While small, it adds outside validation and funding for its core technology, helping support the stock's narrative.

    Another new source of non-dilutive funding and external validation for D-Wave's approach.

  • Sector rally on IonQ error decoder, but valuation still extreme IonQ's first real-time quantum error decoder lifted the whole quantum sector, with D-Wave up over 5.5% in sympathy. But D-Wave still trades at 93 times forward sales versus the industry's 4.4, and its shares are down 36% over the past year, a reminder of high risk.

    Captures the positive sector sentiment while flagging the real counterweight of extreme valuation and weak long-term stock performance.

▲2▼2

D-Wave's bookings surge and Wall Street backing offset weak sales and CFO exit

  • BMO starts coverage with Outperform and $35 target BMO Capital Markets began covering D-Wave with a buy rating and a $35 price target, pointing to a huge potential market. A big broker's backing draws new investors and supports the stock, even though the company is still small and unprofitable.

    A new analyst endorsement is a fresh force that can pull money into the stock.

  • Backlog grows eightfold as customers move to production D-Wave's contracted backlog jumped nearly eightfold to $40.7 million, and first-half bookings hit $35.5 million — six times the revenue it booked. Six customer apps are now in daily use, including AT&T and NTT DOCOMO, showing real demand even though reported sales are still tiny.

    This is the core demand signal that explains why investors still value the stock despite weak revenue.

  • CFO retires and Q2 revenue misses estimates D-Wave's CFO John Markovich will retire September 2, and the company reported Q2 revenue of $3.08 million, missing the $4.03 million analysts expected. The stock fell 8% on the news. A sudden finance-chief exit and a sales shortfall raise doubts about near-term execution.

    This is the main new negative event that pushed the stock down this period.

  • Rivals IonQ and Quantinuum pull ahead on accuracy and sales IonQ and Quantinuum are winning attention with far more accurate trapped-ion machines and much faster revenue growth — IonQ's sales jumped 287% to $80 million. D-Wave's annealing approach lags on accuracy, so investors worry it could lose the race and keep money flowing to rivals instead.

    Competitive gap is a persistent drag that shapes how investors compare D-Wave with peers.

▲3▼1

D-Wave's bookings surge and AT&T expansion offset weak revenue and IonQ competition

  • Nasdaq Verafin fraud detection deal D-Wave announced a collaboration with Nasdaq Verafin to build quantum-hybrid fraud detection tools, sending the stock up 11%. A major financial-industry partner shows its technology is being adopted for real business problems, which supports demand and lifts the shares.

    This is a new commercial partnership that directly drove the stock higher and signals growing demand.

  • AT&T moves from test to full deployment AT&T expanded its D-Wave use from a trial to broad deployment across network operations, adding tasks like outage detection and technician routing. This validates the platform with a major customer and points to more contracts, pushing the stock up.

    This is a new stage of the AT&T relationship that confirms real-world demand and supports future revenue.

  • Bookings and future revenue jump First-half bookings surged over 1,120% to $35.5 million and remaining performance obligations hit $40.7 million, up 668%. More commercial and Fortune 2000 customers are buying, which signals future revenue and gives investors confidence, even though reported revenue was flat.

    These new metrics show demand is accelerating and are a key reason investors look past weak current revenue.

  • Weak revenue and IonQ competition Q2 revenue stayed flat at $3.1 million and the quarterly loss missed estimates, while rival IonQ grew revenue far faster and is seen as the better buy. This contrast raises doubts about D-Wave's near-term sales and pressures the stock.

    This is the main counterweight: weak reported revenue and a stronger competitor that could pull investor money away.

July 2026
▲2▼2

D-Wave gains validation but faces valuation and revenue risks

  • IDC MarketScape Leader and government stake odds IDC named D-Wave a MarketScape Leader, and prediction market Kalshi gave over 60% odds of a U.S. government stake. These endorsements boost credibility and could lead to more contracts or funding.

    This point highlights new validation that supports the stock price.

  • Quantum Circuits acquisition and AT&T partnership expansion D-Wave acquired Quantum Circuits to add gate-model computing and expanded its AT&T partnership, cutting a network task from an hour to 15 seconds. These moves strengthen its technology and commercial reach.

    This point shows strategic progress that could drive future growth.

  • Extreme valuation and revenue plunge The stock trades at over 700 times sales, and quarterly revenue fell 81% to $2.9 million. Such a high valuation with shrinking revenue raises concerns about sustainability and near-term performance.

    This point explains a major risk weighing on the stock.

  • Geopolitical tensions and AI sell-off Quantum stocks were hit by Strait of Hormuz tensions and a broader sell-off in AI infrastructure. These external factors pressured D-Wave shares despite company-specific positives.

    This point identifies external market forces that hurt the stock.

▲2▼2

AT&T deal drives D-Wave higher, but weak revenue and AI sell-off weigh

  • AT&T expands D-Wave partnership AT&T signed a wider deal to use D-Wave's quantum computers in its network, cutting a key task from an hour to 15 seconds. This real-world use shows demand and could lead to more contracts, pushing the stock up.

    This is the main new positive event that directly lifted QBTS shares this period.

  • Quarterly revenue plunges 81% D-Wave's quarterly revenue fell 81% to $2.9 million, showing weak product sales. Even though bookings jumped, the low revenue raises doubts about near-term growth, weighing on the stock.

    This new negative data point explains why the stock remains under pressure despite the AT&T deal.

  • AI infrastructure sell-off hits quantum stocks A broad sell-off in AI infrastructure stocks spilled into quantum names, dragging D-Wave down. Worries about hyperscaler spending and Nvidia's OpenAI financing spooked investors, pressuring the whole sector.

    This new sector-wide pullback is a key reason QBTS declined this period.

  • CEO warns quantum will break Bitcoin D-Wave's CEO said quantum computing will eventually break Bitcoin's security. While not a direct business deal, it highlights the power of D-Wave's technology and keeps the company in the news, which can draw investor attention.

    This new statement adds to the narrative around D-Wave's technological relevance, a potential positive driver.

▲3▼1

D-Wave Wins Industry Recognition, Government Stake Odds Rise, But Valuation and Risk-Off Weigh

  • IDC MarketScape Leader D-Wave was named a Leader in the IDC MarketScape quantum computing assessment, one of only two companies. This independent recognition validates its commercial deployments and technology, boosting investor confidence and supporting a higher stock price.

    This is a new, company-specific positive event that directly enhances D-Wave's credibility and growth outlook.

  • Government Stake Odds Kalshi traders see over 60% odds that the U.S. government takes a stake in D-Wave this year. Such a move would provide capital and strategic backing, potentially lifting the stock as investors bet on government support.

    This new market-based signal suggests a potential catalyst that could significantly boost D-Wave's resources and credibility.

  • Quantum Circuits Acquisition D-Wave acquired Quantum Circuits Inc. to add gate-model computing to its annealing technology, broadening its platform. This strategic move positions D-Wave to compete more effectively and capture a larger market, supporting long-term growth.

    The acquisition is a new strategic development that expands D-Wave's technology and competitive position.

  • Valuation and Risk-Off D-Wave trades at over 700 times sales, raising valuation concerns. On July 13, quantum stocks fell 6% on risk-off selling from Strait of Hormuz tensions. These factors create downward pressure despite positive fundamentals.

    This highlights the main counterweights: extreme valuation and broad market risk aversion that can drag the stock down.

Q2 2026
▲3

D-Wave gains on $100M CHIPS funding, new simulator, and quantum-friendly executive orders

  • CHIPS Act funding and 100-qubit roadmap D-Wave secured up to $100 million in U.S. CHIPS Act funding and set a roadmap to reach 100 logical qubits by 2032. This direct federal support gives the company cash to develop its technology and signals government confidence, both of which support a higher stock price.

    This is a major new capital and technology catalyst that directly boosts D-Wave's resources and credibility.

  • New gate-model simulator launch D-Wave launched a gate-model quantum simulator on its Leap cloud platform, letting developers test gate-model ideas before hardware is ready. The stock jumped 7.7% on the news, as it shows progress on the company's dual annealing and gate-model strategy.

    This is a new product milestone that expands D-Wave's addressable market and was directly linked to a same-day stock gain.

  • Trump executive orders accelerate quantum adoption President Trump signed two executive orders to speed up U.S. quantum computing and quantum-resistant encryption, including a goal for a powerful quantum computer by 2028. D-Wave shares rose 2.3% on the news, as government backing can lead to more contracts and funding.

    This is a new regulatory catalyst that benefits the entire quantum sector, including D-Wave, and was cited in multiple articles.

  • Commercial traction vs. competitive and insider pressures D-Wave's Q1 bookings surged nearly 20x to $33.4 million, but the stock is down 23% year to date as investors favor peers like IonQ and insider sales hit $36 million. The market is rewarding proven revenue growth, and D-Wave's strong bookings may eventually win back favor.

    This captures the key tension: strong bookings and analyst estimate raises versus competitive rotation and insider selling, giving a fair picture of what's driving the stock.

June 2026
▲3

D-Wave gains on $100M CHIPS funding, new simulator, and quantum-friendly executive orders

  • CHIPS Act funding and 100-qubit roadmap D-Wave secured up to $100 million in U.S. CHIPS Act funding and set a roadmap to reach 100 logical qubits by 2032. This direct federal support gives the company cash to develop its technology and signals government confidence, both of which support a higher stock price.

    This is a major new capital and technology catalyst that directly boosts D-Wave's resources and credibility.

  • New gate-model simulator launch D-Wave launched a gate-model quantum simulator on its Leap cloud platform, letting developers test gate-model ideas before hardware is ready. The stock jumped 7.7% on the news, as it shows progress on the company's dual annealing and gate-model strategy.

    This is a new product milestone that expands D-Wave's addressable market and was directly linked to a same-day stock gain.

  • Trump executive orders accelerate quantum adoption President Trump signed two executive orders to speed up U.S. quantum computing and quantum-resistant encryption, including a goal for a powerful quantum computer by 2028. D-Wave shares rose 2.3% on the news, as government backing can lead to more contracts and funding.

    This is a new regulatory catalyst that benefits the entire quantum sector, including D-Wave, and was cited in multiple articles.

  • Commercial traction vs. competitive and insider pressures D-Wave's Q1 bookings surged nearly 20x to $33.4 million, but the stock is down 23% year to date as investors favor peers like IonQ and insider sales hit $36 million. The market is rewarding proven revenue growth, and D-Wave's strong bookings may eventually win back favor.

    This captures the key tension: strong bookings and analyst estimate raises versus competitive rotation and insider selling, giving a fair picture of what's driving the stock.

▲3

D-Wave gains on $100M CHIPS funding, new simulator, and quantum-friendly executive orders

  • CHIPS Act funding and 100-qubit roadmap D-Wave secured up to $100 million in U.S. CHIPS Act funding and set a roadmap to reach 100 logical qubits by 2032. This direct federal support gives the company cash to develop its technology and signals government confidence, both of which support a higher stock price.

    This is a major new capital and technology catalyst that directly boosts D-Wave's resources and credibility.

  • New gate-model simulator launch D-Wave launched a gate-model quantum simulator on its Leap cloud platform, letting developers test gate-model ideas before hardware is ready. The stock jumped 7.7% on the news, as it shows progress on the company's dual annealing and gate-model strategy.

    This is a new product milestone that expands D-Wave's addressable market and was directly linked to a same-day stock gain.

  • Trump executive orders accelerate quantum adoption President Trump signed two executive orders to speed up U.S. quantum computing and quantum-resistant encryption, including a goal for a powerful quantum computer by 2028. D-Wave shares rose 2.3% on the news, as government backing can lead to more contracts and funding.

    This is a new regulatory catalyst that benefits the entire quantum sector, including D-Wave, and was cited in multiple articles.

  • Commercial traction vs. competitive and insider pressures D-Wave's Q1 bookings surged nearly 20x to $33.4 million, but the stock is down 23% year to date as investors favor peers like IonQ and insider sales hit $36 million. The market is rewarding proven revenue growth, and D-Wave's strong bookings may eventually win back favor.

    This captures the key tension: strong bookings and analyst estimate raises versus competitive rotation and insider selling, giving a fair picture of what's driving the stock.