D-Wave Quantum Stock News

D-Wave Quantum (QBTS 15.66%) stock is soaring higher in Wednesday's trading thanks to bullish analyst coverage. The quantum-computing company's share price closed out the daily session up 15.6%.

Shares of D-Wave Quantum (QBTS 13.62%) are jumping on Wednesday, up 10.5% as of 2:50 p.m. ET. The rise comes as the S&P 500 and Nasdaq Composite gained 0.7% and 0.5%, respectively.

B. Riley's just raised its QBTS price target to $22 a share, with a buy rating.

The retailer's stock could be experiencing a short squeeze.

Key Points in This Article: Quantum computing's leading players are broadly falling today after massive gains over the past year.

Despite tripling in value in the last six months, shares of D-Wave Quantum Inc. NYSE: QBTS seemed to be rallying once again with an increase of nearly 26% over a five-day period in mid-July 2025. This surge comes after D-Wave shares traded mostly horizontally for about two months starting in mid-May.

Quantum computing could be the next great secular trend for the tech sector. Unlike traditional binary computers, which store zeros and ones separately in bits, quantum computers can store them simultaneously in qubits.

Quantum technology stocks, including D-Wave Quantum Inc (NYSE: QBTS), are in focus today after a Bank of America senior expert said “quantum computing is the most radical technology we have ever seen.