QBTS Stock: D-Wave Quantum Analysis, QCI Acquisition and Price Forecast 2026
Tech QBTS Stock: D-Wave Quantum Analysis, QCI Acquisition and Price Forecast 2026 D-Wave Quantum stock is trading at $18.08–$18.87 on April 29, 2026 — sitting roughly 60% below its 52-week high of $46.75 but up over 90% from its 52-week low of $6.52. The stock has had a disorienting few weeks: a 46% single-session surge when Nvidia launched its Ising quantum AI models, followed by a sharp reversal as investors questioned whether the rally was justified by the underlying fundamentals. The answer, like most things with QBTS, is complicated. D-Wave has more real commercial traction than any other pure-play quantum stock — actual revenue, actual customers, actual government contracts. It also trades at a valuation that assumes years of flawless execution. That tension defines QBTS right now more than any individual news event. This guide covers what D-Wave actually is, what changed in 2025–2026, what the numbers look like, and what matters before the Q1 2026 earnings report on May 12. What Is D-Wave Quantum (QBTS)? D-Wave Quantum Inc. (NYSE: QBTS) is a Palo Alto-based quantum computing company founded in 1999 — making it one of the oldest quantum computing companies in existence. It went public in August 2022 via a SPAC merger with DPCM Capital