IONQ heads into Q4 2025 earnings season with surging revenues, raised guidance and momentum that could set it apart from other quantum pure plays.
D-Wave (NYSE: QBTS) is in the process of commercializing quantum annealing technology— a specialized quantum method tailored for addressing optimization issues. In contrast to competitors pursuing universal quantum computing, they have opted for a more focused yet immediately applicable approach.
For all of its many achievements in 2025, D-Wave Quantum Inc. NYSE: QBTS remains a speculative and controversial investment. The much-hyped quantum computing firm more than tripled in value in the last year with returns of more than 232%, but it has a fairly high short interest of 12.47% of the public float, meaning that a sizable number of investors are skeptical that the firm will be able to maintain its trajectory.
QBTS surged over 200% in 2025, crushing big tech as commercial quantum systems move into real-world deployments.
As 2026 begins, investor optimism toward quantum computing is reaching a new high, fueled by tangible technological progress and solid stock performance in 2025. Quantum pure-play stock D-Wave Quantum QBTS emerged as the standout, with its share price gaining 211% during the year, driven by growing interest in quantum annealing systems and government-linked deployments.
QBTS and IONQ show divergent 2025 gains, but 2026 may favor IonQ with platform breadth and quantum system advances.
The quantum computing industry has had a wild ride in 2025. Despite a pullback this fall, the leading quantum stocks have dominated the broader market this year, and D-Wave Quantum Inc. NYSE: QBTS has remained an eye-catching favorite among analysts and investors alike.
QBTS' surging margins and $836M cash position highlight its growing strength despite recent stock pressure.
D-Wave Quantum (QBTS) stock has declined by 24.2% over the past 21 trading days. This recent downturn underscores renewed worries regarding D-Wave's speculative valuation along with ongoing operating losses.
D-Wave Quantum (QBTS) stock has declined by 24.2% over the past 21 trading days. This recent downturn underscores renewed worries regarding D-Wave's speculative valuation along with ongoing operating losses.
D-Wave's surge, expanding commercial adoption and advancing annealing roadmap highlight a strong long-term story despite near-term pressure.
Although the final hours of the Nov. 17 trading week were a bright spot, quantum computing firm D-Wave Quantum Inc. NYSE: QBTS generally failed to reverse its share price cooldown, which had been ongoing for the most part throughout the month.