Why D-Wave quantum computing stock popped today - MSN

Shares of quantum computing company D-Wave Quantum Inc. (QBTS 5.50%) soared 13.5% through 10:40 a.m. ET Monday. And why? This morning the company announced it will participate in CES 2026 on Jan. 7, 2026, presenting there "its award-winning annealing quantum computing technology, hybrid quantum-classical solvers, and real-world customer use cases." Vice president of quantum technology evangelism Murray Thom will also explain the "potential for synergy between quantum, AI and blockchain." Image source: Getty Images. D-Wave in 2025 D-Wave stock soared nearly 230% in 2025. In the company's Q3 report, CEO Dr. Alan Baratz said that "the world is watching quantum, and specifically D-Wave, as we deliver quantum computing's value to businesses, researchers, and governments now." Last month, D-Wave announced 100% growth in Q3 revenue and offered its improvements in "gross profit, bookings, and cash balance" as evidence of the company's "success in accelerating global quantum computing adoption." Ad This Card Just Received a Rare 5-Star Rating Our team of credit card pros don’t just recommend this card—they actually use it.

Motley Fool Money calls it a top pick for a reason. Apply in minutes > Is D-Wave stock a buy in 2026? Yet D-Wave stock is something of a work in progress. Did revenue double in Q3? Yes, but the company's still doing barely $24 million in annual business, which isn't a lot for a stock valued at $9.6 billion.Advertisement That works out to a price-to-sales ratio of 400 times. And D-Wave, of course, has no price-to-earnings ratio at all, because it has no earnings.

Even Wall Street analysts who recommend the stock (and there are a lot of them) don't anticipate D-Wave turning profitable before 2030 at the earliest, according to data from S&P Global Market Intelligence. To achieve this, they say D-Wave must first reach an annual revenue of more than $590 million. $3.83 $1.43 per week for your first 2 years!* Get Unlimited Access to Motley Fool Stock Advisor whose total average return is 986%** — a market-crushing outperformance compared to 196% for the S&P 500.

Get Instant Access › *$149 for two year is a promotional price for new members only. Membership will renew annually at the then current list price.**Stock Advisor returns as of December 26, 2025. There's a long way to go between here and there. In the meantime, investors should expect D-Wave stock to trade like the momentum stock that it is.