New York, Jan 10, 2026, 19:29 EST — The market has closed for the day.
- D-Wave Quantum shares dropped 4.0% on Friday, closing at $28.11 after fluctuating between $28.07 and $31.13 during the session.
- On Saturday, MarketBeat reported that Wall Street Zen upgraded its rating on D-Wave to “hold.”
- Investors await updates on D-Wave’s planned acquisition of Quantum Circuits, with a timeline set for late January.
D-Wave Quantum Inc shares ended Friday down 4.0%, closing at $28.11 after a choppy session. Investors now turn to next week for updates on the company’s growth strategy.
This move is significant now because D-Wave has turned into a fast-money favorite once more. Even minor changes in expectations can pack a punch when investors juggle execution risks alongside lofty promises in a developing technology.
U.S. markets are closed for the weekend, shifting attention to Monday’s open and the potential impact of Wall Street Zen’s recent rating update on D-Wave. The research service upgraded its rating to “hold,” as reported by MarketBeat on Saturday. (MarketBeat)
D-Wave announced earlier this week its plan to acquire Quantum Circuits for $550 million — with $300 million paid in D-Wave stock and $250 million in cash — as it aims to expand into “gate-model” quantum machines. This approach is broader than the company’s traditional “annealing” systems, which focus mainly on optimization tasks. CEO Alan Baratz said the deal will accelerate the launch of “gate-model products and services” by 2026. (D-Wave Quantum)
A securities filing revealed the merger agreement was signed on Jan. 6, maintaining the same stock-and-cash structure. The share portion is linked to the closing value and comes with adjustments detailed in the agreement. The filing also outlined lock-up terms for certain stock allocated to key employees. (SEC)
D-Wave is setting the stage for longer-term growth. The company posted $3.7 million in revenue for Q3 fiscal 2025, alongside a net loss of $140 million. That loss was mainly due to non-cash charges related to warrant accounting. As of September 30, 2025, D-Wave held $836.2 million in consolidated cash. (SEC)
Peer news came in mixed, fueling the sector’s volatile trading. Rigetti Computing announced Friday it now expects its 108-qubit system to reach general availability near the end of Q1 2026. CEO Subodh Kulkarni said the company is dedicating extra time to fine-tune and test the performance. (Stock Titan)
D-Wave faces a clear risk: the Quantum Circuits deal hinges on closing conditions. Their own presentations warn that forward-looking targets may fall short if technical challenges arise or deadlines are pushed back. (SEC)
Investors should mark late January on their calendars. That’s when D-Wave anticipates finalizing the acquisition. Shortly after, on Jan. 27-28, the company will host its Qubits 2026 user conference in Boca Raton, Florida. This event usually showcases new product strategies and customer applications. (D-Wave Quantum)
