NEW YORK, December 30, 2025, 06:52 ET — Premarket
Shares of NYSE-listed D-Wave Quantum Inc rose 1.3% to $26.50 in premarket trading on Tuesday, after closing up 3.4% at $26.15 in the prior session. The stock traded between $25.07 and $26.76 on Monday. 1
The early move keeps QBTS on traders’ radar as year-end positioning and thin holiday volume amplify swings in speculative corners of the market. D-Wave is up about 201% so far this year, Investors.com reported, making it one of the stronger performers among U.S.-listed quantum computing pure plays. 2
Broader risk appetite is also in play, with U.S. stock index futures steady after a tech-led slide on Monday. Investors are waiting for minutes — the detailed account — from the Federal Reserve’s Dec. 9-10 meeting for clues on how policymakers view the path for interest rates. 3
D-Wave sells access to quantum computers — machines that use “qubits,” the basic units of quantum information — through its Leap cloud service and also offers on-premises systems. The company’s approach centers on “quantum annealing,” a method aimed at finding solutions to complex optimization problems such as scheduling and routing.
That focus sets D-Wave apart from some rivals developing so-called gate-model machines, which run quantum circuits. Investors often trade the group together, but stock-specific catalysts can still drive sharp, idiosyncratic moves.
D-Wave’s latest company update came on Dec. 22, when it said it would participate in CES 2026 as a sponsor of the CES Foundry event in Las Vegas on Jan. 7-8. Murray Thom, D-Wave’s vice president of quantum technology evangelism, said the appearance at CES “signals that the technology is quickly moving into the mainstream.” 4
Wall Street research has also kept the sector on screens. Jefferies started coverage of D-Wave and IonQ with Buy ratings and set a $45 target for D-Wave, Barron’s reported. 5
Before the opening bell, traders will parse U.S. home-price readings, while the Chicago PMI — a regional gauge of factory activity — is expected at 44. The Fed minutes are scheduled for 2 p.m. ET. 6
For QBTS, the key question is whether early strength holds once regular trading begins, especially if rates-sensitive tech names remain under pressure. High-growth stocks typically struggle when investors push yields higher and tend to benefit when rate expectations ease.
Technical traders have been watching the $25 area as near-term support, with the prior session’s $26.76 high acting as an initial hurdle. The shares remain well below their 2025 peak near $46.75, underscoring how quickly the stock can swing. 7
