D-Wave Quantum Skyrocketed Today -- Is the Stock a Buy for 2026?

By Keith Noonan – Jan 5, 2026 at 4:11PM ESTKey PointsD-Wave stock gained ground Monday amid bullish momentum for tech stocks. D-Wave may have a better setup than other pure plays in the quantum-computing space, but some big risks remain. These 10 Stocks Could Mint the Next Wave of Millionaires ›NYSE: QBTSD-Wave QuantumMarket Cap$9.8BToday's Changeangle-down(8.92%) $2.51Current Price$30.64Price as of January 5, 2026 at 4:00 PM ETIs D-Wave stock poised for big wins this year?D-Wave Quantum (QBTS +8.92%) stock posted huge gains in Monday's trading. The quantum-computing specialist's share price ended the day up 8.9% amid the backdrop of a 0.6% gain for the S&P 500 and a gain of 0.7% for the Nasdaq Composite. D-Wave stock had been up as much as 11.4% earlier in the day's trading. Tech stocks generally saw strong bullish momentum in today's trading, and specialized players in the quantum-computing and artificial intelligence (AI) spaces posted particularly strong gains. D-Wave Quantum stock is now up 235% over the last year. Image source: Getty Images. Is D-Wave Quantum stock a buy right now? For investors eager for quantum-computing exposure in 2026, D-Wave continues to look like one of the top plays in the space. The company's quantum-annealing approach to computing gives it better near-term commercialization opportunities than many of its competitors, and D-Wave is also investing in more ambitious approaches to quantum computing that could turn into even more powerful sales drivers over the long term. As of last year's third quarter, the company also had $836 million in cash and short-term equivalents -- giving it a solid balance sheet to work with it as it pursues new quantum technologies and commercialization initiatives. ExpandNYSE: QBTSD-Wave QuantumToday's Change(8.92%) $2.51Current Price$30.64Key Data PointsMarket Cap$9.8BDay's Range$27.72 - $31.3352wk Range$3.74 - $46.75Volume46MAvg Vol46MGross Margin82.82% On the other hand, D-Wave stock is probably only a good fit for investors with very high risk tolerance. While quantum computing has the potential to be revolutionary, the technology remains in a relatively nascent state. Along with the potential for macroeconomic and geopolitical volatility, lofty valuation multiples and growth expectations suggest that shares could see high levels of volatility in 2026. Read NextDec 29, 2025 •By Geoffrey SeilerIonQ vs. D-Wave: Which Quantum Computing Stock Will Outperform in 2026?Dec 27, 2025 •By Manali Pradhan, CFAD-Wave Quantum: The Next 10-Bagger Stock?Dec 27, 2025 •By Rick OrfordIs It Too Late to Buy D-Wave After Its 2,500 Percent RallyDec 24, 2025 •By Lyle DalyInterested in D-Wave Quantum?

Mark Your Calendars for January 27.Dec 24, 2025 •By Adam SpataccoPrediction: D-Wave Quantum Stock Will Be Worth This Much by Year-End 2026Dec 22, 2025 •By Adam LevyWall Street Analysts Say This Quantum Computing Stock Could Soar 92% in 2026About 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$30.64 (+0.09%) $+2.51S&P 500 IndexSNPINDEX: ^GSPC$6902.05 (+0.01%) $+43.58NASDAQ Composite IndexNASDAQINDEX: ^IXIC$23395.82 (+0.01%) $+160.19*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.Advertisement