D-Wave Quantum Is Skyrocketing Today -- Is the Stock a Buy Right Now?
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D-Wave Quantum (QBTS +12.98%) stock is roaring higher in Friday's trading. The quantum computing specialist's share price was up 17.2% as of 1:30 p.m. ET. Meanwhile, the S&P 500 was up 0.8%, and the Nasdaq Composite was up 0.6%. Following yesterday's news that D-Wave Quantum had signed a letter of intent to secure $100 million in funding through the CHIPS and Science Act, TD Cowen has named the company one of the top three biggest winners from the U.S. government's new quantum computing investment initiative. The other two companies named by TD Cowen as top beneficiaries of the project were Rigetti Computing and GlobalFoundries. Image source: Getty Images. Is D-Wave stock a buy right now? In exchange for receiving $100 million in funding from the U.S. Department of Commerce over a three-year period, D-Wave will be providing the department with new stock of the equivalent value. D-Wave will be creating new shares to sell to the government, which means that current shareholders will see stock dilution as a result of the deal. On the other hand, the Department of Commerce's pending investment in D-Wave represents a powerful vote of confidence from one of the best partners the company could have. ExpandNYSE: QBTSD-Wave QuantumToday's Change(12.98%) $3.34Current Price$29.08Key Data PointsMarket Cap$9.5BDay's Range$26.11 - $31.5552wk Range$12.75 - $46.75Volume4.5MAvg Vol28.3MGross Margin32.92% The government's plan to invest in D-Wave doesn't necessarily mean that the company will emerge as a long-term winner in the quantum space, but it signals that the tech specialist is viewed as one of the most promising players in the industry. With the company valued at roughly $11.15 billion as of this writing, D-Wave is trading at approximately 263 times this year's expected sales. The quantum specialist's valuation profile and speculative outlook mean that it continues to be a very risky investment candidate, but substantial government investment could lend legitimacy to its growth story and help shares keep marching higher. Read NextMay 22, 2026 •By Howard SmithIs D-Wave Quantum Stock a Buy After a 50% Gain This Week?May 21, 2026 •By Keith NoonanWhy D-Wave Quantum Stock Skyrocketed TodayMay 20, 2026 •By Lyle DalyThis Quantum Computing Leader Is up 3,310% Since 2023.
Is It Too Late to Buy?May 18, 2026 •By Adam SpataccoPrediction: D-Wave Quantum Stock (QBTS) Will Be Worth This Much by the End of 2026May 18, 2026 •By Keithen Drury3 Quantum Computing Stocks to Buy Right NowMay 15, 2026 •By Keithen DruryThis Quantum Computing Company Is Already Making Waves in IndustryAbout 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$29.04(+12.82%)+$3.30S&P 500 IndexSNPINDEX: ^GSPC$7,488.35(+0.57%)+$42.63NASDAQ Composite IndexNASDAQINDEX: ^IXIC$26,401.42(+0.41%)+$108.32*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.