D-Wave Quantum Plummeted Today -- Is the Stock a Buy Right Now?
Summarize this article with:
D-Wave Quantum (QBTS 8.92%) stock got hit with a substantial valuation contraction on Tuesday amid bearish momentum for the broader market. The company's share price ended the day down 8.9% in a session that saw the S&P 500's level decline by 0.3% and the Nasdaq Composite's level fall by 1%. Selling pressures had actually been far stronger earlier in the session, and D-Wave had been down as much as 13.5% at one point in the day. The broader market fell in response to multiple catalysts today. For starters, investor confidence in the artificial intelligence trade is showing some signs of softening after what has otherwise been a strong bullish backdrop in 2026. Investors are also feeling jittery ahead of the Consumer Price Index (CPI) report from the Bureau of Labor Statistics that could play a big role in determining the Federal Reserve's next moves on interest rates. Anxieties surrounding the potential market-moving impact of SpaceX's initial public offering this coming Friday also pushed stocks lower. Image source: Getty Images. Is D-Wave stock a buy on today's pullback? Following today's pullback, D-Wave now has a market capitalization of $8.8 billion. Meanwhile, the company is valued at approximately 207 times this year's expected sales. Given the potentially revolutionary implications of D-Wave's quantum computing technologies, the stock is a difficult one to value -- but its high price-to-sales ratio shows that some very strong growth is already being priced into the company's valuation. ExpandNYSE: QBTSD-Wave QuantumToday's Change(-8.92%) $-2.31Current Price$23.52Key Data PointsMarket Cap$9.6BDay's Range$22.36 - $26.6452wk Range$12.75 - $46.75Volume1.7MAvg Vol32.7MGross Margin32.92% Today's pullback hasn't done much to alter the fundamental outlook for D-Wave. While the stock looks meaningfully cheaper following the sell-off, investors are still probably looking at a binary outcome when it comes to whether a long-term investment would be explosively successful or result in the lost of most or all of your principal investment. I wouldn't try to aggressively dissuade anyone from investing in the potentially explosive stock, but I think even strong quantum bulls may be able to wait for a bigger pullback. Read NextJun 8, 2026 •By Anders Bylund9 Best Quantum Computing Stocks for 2026 and How to InvestJun 5, 2026 •By Rich SmithWhy D-Wave Quantum Stock Just CrashedJun 4, 2026 •By Johnny RiceWhy D-Wave Quantum Stock Jumped Nearly 50% Last MonthJun 4, 2026 •By Johnny RiceShould You Buy D-Wave Quantum Stock While It's Under $35?May 27, 2026 •By Geoffrey SeilerThe U.S.
Government Just Invested in These 3 Quantum Computing Stocks.
Should Retail Investors Follow Suit?May 26, 2026 •By Robert IzquierdoD-Wave Quantum vs. IonQ: Which Quantum Computing Stock Is a Better Buy in 2026?About the AuthorKeith Noonan is a contributing writer at The Motley Fool covering technology, consumer goods, and other sectors. He holds a bachelor’s degree in English from Boston College.TMFNoonsStocks MentionedD-Wave QuantumNYSE: QBTS$23.53(-8.92%)-$2.31Motley Fool Stock Advisor’s Latest PickGet Access---% Avg ReturnS&P 500 IndexSNPINDEX: ^GSPC$7,386.65(-0.26%)-$19.08NASDAQ Composite IndexNASDAQINDEX: ^IXIC$25,678.82(-0.97%)-$250.84*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.