QBTS Stock: D‑Wave Quantum Rises on New U.S. Government Unit – Price, Forecast & Analysis (December 2, 2025)
D‑Wave Quantum’s stock (NYSE: QBTS) is back in the spotlight today after the company unveiled a new U.S. government–focused business unit, extending one of 2025’s wildest stock market stories. By early afternoon on December 2, QBTS was trading around $21.8–$22.0 per share, up roughly 2% on the day, after moving between about $21.4 and $22.9 in intraday trading. That puts D‑Wave’s market cap around the $7.7–7.8 billionmark and leaves the stock sitting in a 52‑week range of roughly $2.50 to $46.75.Investing.com+1 Even after a brutal pullback in November, QBTS remains a massive winner: depending on the data provider and date, shares are up about 160–170% year‑to‑date and roughly 8–9x