I’m noticing a significant surge today for D-Wave Quantum (QBTS) shares, climbing approximately 10.5% as of 2:50 p.m. Eastern Time. This uptrend coincides with the S&P 500 and Nasdaq Composite indexes also showing gains, with the S&P 500 increasing by 0.7% and the Nasdaq Composite rising by 0.5%.
Quantum computing tech developer D-Wave is experiencing an upward trend in the larger quantum industry, as a financial analyst on Wall Street has boosted the company’s stock price prediction.
This analyst is bullish
A financial analyst, working at B. Riley Financial, upgraded their predicted share price for D-Wave. They kept their recommendation as a ‘buy’, but bumped up the estimated price from $20 to $22, demonstrating their optimism about its future prospects.
The quantum field is experiencing a significant surge of attention and growth, with D-Wave’s shares soaring by approximately 1,700% over the past year.
Investors should be cautious
In the past year, D-Wave has gained more attention, but I haven’t seen enough tangible progress to explain such a dramatic price surge in my opinion. The company’s market value of over $6 billion is significantly higher than its projected 2024 revenue of less than $9 million, which seems rather incongruous.
Regardless of the excitement surrounding quantum technology, it seems plausible that we are still quite far from its maturity and ability to generate substantial income.
For those with a high risk appetite and patience to potentially see returns after a decade, investing in the quantum technology sector might be worth considering now. Personally, I plan to wait until prices drop. If you decide to invest, though, it would be prudent to diversify across several quantum stocks as it’s uncertain which company’s method will prove successful in the long run.
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2025-07-23 22:33