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.
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.
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.
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.” dwavequantum.com
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.
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.
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.
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