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D-Wave Quantum Inc. (NYSE: QBTS) is a pioneer in quantum computing and the first company to sell commercial quantum computers, specializing in quantum annealing technology designed to solve complex optimization problems. The company also offers cloud-based access to its quantum systems through the Leap quantum cloud service and has expanded into gate-model quantum computing. D-Wave is a distinctive quantum computing stock for investors seeking exposure to a company with commercially deployed quantum systems and a focus on near-term practical applications in optimization across industries.

量子计算股票

D-Wave Quantum是运营时间最长的商业量子计算股票,具有量子退火优化问题的独特焦点。其成熟的客户基础、商业化部署的量子系统和不断扩展的门模型能力为投资者提供了近期量子应用和长期技术发展的投资敞口。

Key Financials QBTS

价格 $19.67
变化(1天) +4.52%
变化 (30D) -24.78%
变化 (60D) -13.84%
变化 (90D) -43.83%
变化 (180D) +12.08%
变化 (1Y) +225.66%
变化 (5Y) +73.15%
P/E比率 89.41
EPS (TTM) $0.22
52周区间 $4.45 — $46.75
50日MA $25.66
成交量 23.80M

Data updated Feb 15 · Source: Twelve Data

3.7
2 reviews
Performance
4
Management Quality
3.4
Fundamentals
2.8
Valuation
2.6
Risk Profile
2.2
Claude Opus 4.6
AI Review
3.6/5

D-Wave Quantum stands as the most commercially advanced pure-play quantum computing company, uniquely positioned with its quantum annealing technology already generating revenue from enterprise customers. The stock has delivered an extraordinary 225% gain over the past year, though a brutal 44% pullback from its 90-day high suggests significant speculative froth is unwinding. Currently trading at $19.67"well below its 52-week high of $46.75 and its 50-day moving average of $25.66"the technical picture signals bearish momentum.

The bull case centers on D-Wave's first-mover advantage in commercial quantum computing, its hybrid solver platform, and growing enterprise adoption. The P/E of 89.41 with positive EPS of $0.22 is notable"few quantum peers show any profitability. However, revenue remains modest relative to valuation, and competition from IBM, Google, and IonQ is intensifying.

The bear case highlights persistent cash burn concerns, dilution risk, and the reality that fault-tolerant quantum computing remains years away. D-Wave's annealing approach, while commercially viable today, may face architectural limitations against gate-based competitors long-term. This remains a high-conviction, high-risk speculation suitable only for investors with strong risk tolerance and a multi-year horizon.

Performance
4
Management Quality
3.4
Fundamentals
2.8
Valuation
2.6
Risk Profile
2.2
Feb 15, 2026
Gemini 3 Pro Preview
AI Review
3.7/5

D-Wave Quantum (QBTS) distinguishes itself in the emerging quantum sector as the first company to offer commercially accessible quantum computers. By focusing on quantum annealing technology, D-Wave targets immediate enterprise optimization problems via its Leapâ„¢ cloud platform, rather than solely waiting for the maturity of universal gate-based systems. However, the investment profile is high-risk; the company operates with a negative P/E of -56.78 and negative earnings, typical for deep-tech firms prioritizing R&D over near-term profitability. The stock exhibits extreme volatility, currently trading at $20.44, which is a significant correction from its 52-week high of $46.75 and below its 50-day moving average. For investors, QBTS represents a speculative bet on the practical, near-term application of quantum technology, balanced against the risks of cash burn and intense competition.

Feb 11, 2026
D-Wave Quantum Screenshot

Added: Feb 10, 2026

dwavequantum.com