D-Wave Quantum stock jumps 20% as quantum names rebound — what QBTS investors watch next week

NEW YORK, Feb 8, 2026, 09:29 ET — The market isn’t open.

• D-Wave Quantum jumped close to 20% by Friday’s close. Trading was heavy, with the stock rebounding sharply following a choppy run for speculative tech names.
• Shares climbed as investors zeroed in on Big Tech’s AI spending plans, tracking a broader rally across Wall Street.
• Focus turns to U.S. inflation data and jobs stats this week; traders are also scanning for fresh company filings.

D-Wave Quantum Inc jumped 20.4% on Friday, closing out at $20.72 as risk-heavy tech names caught a bid. The stock swung between $17.84 and $20.98, with about 38.7 million shares changing hands. 1

That surge stands out: D-Wave and the rest of the quantum-computing pack have been trading like high-beta bets—soaring as growth gets hot, dropping fast when risk appetite fades. After Friday’s pop, there’s still a long way down if sentiment turns sour.

Friday saw stocks rip higher, with the S&P 500 jumping 1.97% and the Nasdaq climbing 2.18%, fueled by chipmakers riding a surge in AI-related data-center bets. Amazon lagged, tumbling after flagging a significant rise in capex. “This trade has been volatile,” Baird’s Ross Mayfield pointed out. 2

The company stayed quiet on Friday after the announcement. Quantum stocks picked up, with traders piling into tech risk again as the sector climbed.

After the late-January news, D-Wave investors latched onto the announcement as proof the company can land hefty commercial contracts—not just pilots. On Jan. 27, D-Wave said it had signed a $10 million “Quantum Computing as a Service” agreement, lasting two years and letting the customer tap into its quantum tech and services via the cloud. The buyer: a Fortune 100 company. 3

Back then, CEO Alan Baratz called it “a significant milestone,” framing the deal as validation for the company’s enterprise strategy. That’s still coloring how traders look at bookings and contract sizes, even as quantum computing remains a far-off reality.

D-Wave’s financials have shifted sharply following the Quantum Circuits acquisition. The Jan. 20 filing spells it out: 10,430,444 shares traded, plus $250 million in cash changing hands, with potential tweaks still on the table. 4

The filing called it straight: merging the businesses could get messy, with costs rising and shares falling if promised synergies take too long to show up. The company flagged another risk, too — if performance disappoints, investors might dump the stock, a pattern familiar from previous forays into hardware.

Positioning throws another wrench into the mix. By mid-January, short interest stood at roughly 46.86 million shares—about 13% of the float, according to market data on Yahoo Finance. That kind of setup can amplify a squeeze or intensify a drop, depending on which way things break. 5

Stocks like QBTS, which move on rate speculation, could see action as traders track this week’s macro data. The Labor Department has pushed the January jobs report to Wednesday, and January CPI is now due Friday. Both releases were shuffled after a short government shutdown. 6

The Bureau of Labor Statistics will publish the CPI on Feb. 13 at 8:30 a.m. ET, per its calendar. If the number comes in hot, long-duration and cash-burning stocks are likely to feel the pressure again. 7

Monday opens with traders watching to see if Friday’s big quantum rebound can hold. Eyes are also on D-Wave—any new contracts or filings could shift the narrative, as the market continues to process last week’s jobs and inflation data.