NEW YORK, December 28, 2025, 21:00 ET — Market closed.
- D-Wave Quantum shares fell 8.1% in the latest session, ending at $25.29.
- The drop came in quiet post-Christmas trading as small caps lagged the broader market.
- Investors are watching whether the stock holds Friday’s low near $24.76 and for updates tied to upcoming CES and company events.
D-Wave Quantum Inc. shares closed down 8.1% on Friday, extending a late-December pullback in the quantum-computing stock ahead of the final trading days of 2025.
The move matters because trading conditions are typically thinner around year-end, and D-Wave has been a high-beta gauge of risk appetite in the small, volatile pocket of quantum pure-play stocks.
In the broader market, major U.S. indexes finished little changed in post-Christmas trade, while small caps underperformed — a backdrop that often pressures speculative growth names.
D-Wave traded between $24.76 and $27.50 on Friday and finished at $25.29, with about 33.5 million shares changing hands, according to Yahoo Finance data.
There was no new company announcement released on Friday tied directly to the share move. The company’s most recent newsroom update highlighted upcoming appearances rather than new financial results or customer contracts.
D-Wave said on Dec. 22 it plans to participate in CES 2026 as a sponsor of the CES Foundry event in Las Vegas on Jan. 7–8.
“Showcasing quantum computing at CES… signals that the technology is quickly moving into the mainstream,” said Murray Thom, D-Wave’s vice president of quantum technology evangelism, in that release. dwavequantum.com
Earlier this month, D-Wave also disclosed in an SEC filing that its Qubits 2026 user conference will be held in Boca Raton, Florida, on Jan. 27–28, and that it plans to share its latest technology roadmap there.
D-Wave’s core pitch centers on “annealing” quantum computing — technology aimed at optimization problems, such as finding the best outcome among many possible combinations — and “hybrid” approaches that pair quantum processing with conventional computers. dwavequantum.com+1
The stock’s swings have also been watched alongside other U.S.-listed quantum names such as IonQ and Rigetti Computing, which have tended to move with shifts in sentiment toward early-stage computing technologies.
When markets reopen on Monday, Dec. 29, traders will be watching whether D-Wave’s shares stabilize after the late-week drop and whether broader risk appetite returns in the final stretch of the year.
Technically, the immediate reference point is Friday’s intraday low around $24.76; a break below that level would signal the pullback is still building, while a rebound could draw short-term dip buyers back in.
Before Monday’s session, the next dated catalysts on the calendar are the company’s scheduled appearances and presentations rather than an earnings update. D-Wave has said it will be at CES Foundry on Jan. 7–8.
Investors are also likely to focus on messaging at Qubits 2026, where D-Wave has said it will outline its roadmap across both annealing and gate-model efforts — the latter being the more general approach pursued by many quantum labs but still largely pre-commercial across the industry.
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