D-Wave Quantum Skyrocketed Today -- Is the Stock a Buy Right Now?
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Is D-Wave stock worth buying after its rebound rally?D-Wave Quantum (QBTS +20.19%) stock posted massive gains in Friday's trading. The quantum computing company's share price surged more than 20% in a day of trading that saw the S&P 500 gain 2% and and the Nasdaq Composite surge 2.2% higher. After some big sell-offs earlier in the week, D-Wave and other growth stocks came roaring back in today's trading. The company's rally was aided in part by Amazon's announcement that it plans to spend $200 billion this year building out its artificial intelligence (AI) data-center infrastructure and pursuing other growth projects. Image source: Getty Images. Amazon's huge capital expenditures forecast helped restore confidence in the AI trade -- and the bullish momentum extended to D-Wave and other quantum-computing stocks. Despite the rally today, D-Wave stock is still down 53.5% from its lifetime high. Is D-Wave stock a buy right now? D-Wave appears to have solid early positioning in the quantum-computing market. The company's annealing approach to quantum tech is yielding commercialization opportunities, and its bets on gate-model tech could wind up powering even bigger growth over the long term. ExpandNYSE: QBTSD-Wave QuantumToday's Change(20.19%) $3.48Current Price$20.68Key Data PointsMarket Cap$6.4BDay's Range$17.85 - $20.9852wk Range$4.45 - $46.75Volume1.4MAvg Vol36MGross Margin82.82% On the other hand, D-Wave's outlook is highly speculative -- and the potential for big upside with the stock comes with a lot of risk. For long-term investors, D-Wave stock may be looking at a binary outcome. While shares could go on to deliver multibagger returns, there is also a big risk that shareholders could lose most or all of their investment. Read NextFeb 6, 2026 •By Chris NeigerWarning: This Skyrocketing Stock Has a Hidden RiskFeb 5, 2026 •By Robert IzquierdoIs D-Wave Quantum Stock a Buy Now?Feb 4, 2026 •By Rick OrfordShould You Buy D-Wave Stock Before Its Next Breakout?Feb 4, 2026 •By Leo Sun2 Quantum Computing Stocks to Buy Hand Over Fist in FebruaryFeb 4, 2026 •By John BromelsIs D-Wave Quantum (QBTS) Stock a Buy Now?Feb 2, 2026 •By Chris NeigerDown 38%, Should You Buy the Dip on D-Wave Quantum?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$20.68 (+20.19%) $+3.48S&P 500 IndexSNPINDEX: ^GSPC$6932.30 (+1.97%) $+133.90AmazonNASDAQ: AMZN$210.47 (5.49%) $12.22NASDAQ Composite IndexNASDAQINDEX: ^IXIC$23031.21 (+2.18%) $+490.63*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.