NEW YORK, January 1, 2026, 06:01 ET — Market closed
D-Wave Quantum Inc shares were last at $26.15, down 0.4% from the prior close after a volatile final trading day of 2025, with U.S. stock markets shut on Thursday for the New Year’s Day holiday.
The pause matters because many quantum-computing names have traded like high-beta “theme” stocks, swinging with risk appetite and liquidity rather than day-to-day company news. Trading resumes on Friday, when investors typically get their first read on how much year-end positioning carried into January. 1
Macro data are also back in focus after a late-December drop in U.S. jobless claims added to debate over how quickly the Federal Reserve can keep cutting rates in early 2026. “The drop in initial unemployment claims to 199,000 in the week of Christmas was likely another seasonal-adjustment distortion,” John Ryding, chief economic adviser at Brean Capital, said in a Reuters report. 2
Peers were also slightly lower at the last U.S. close, with IonQ down about 0.9%, Rigetti Computing off about 1.1% and Quantum Computing Inc down about 1.3%.
Next week brings fresh macro signals, starting with the Institute for Supply Management’s manufacturing PMI report on Monday and services PMI on Wednesday. Those releases can move rate expectations and, by extension, speculative growth stocks that are sensitive to discount-rate swings. 3
Investors also have the U.S. employment report on January 9 on the calendar, another key input for the Fed outlook and market volatility. 4
On the company side, D-Wave has near-term visibility events that traders will watch for sentiment and customer chatter. The company said it will participate in CES 2026 as a sponsor of the CES Foundry on January 7-8 in Las Vegas, including a scheduled masterclass and demo on January 7. 5
Later in the month, D-Wave said its Qubits 2026 user conference will run January 27-28 in Boca Raton, Florida, where it plans to discuss its product roadmap and progress across both annealing and gate-model quantum computing. 6
D-Wave sells access to its quantum systems and tools, including its Advantage system and the Leap cloud service, and it positions its approach around “quantum annealing,” a method tailored to optimization problems such as scheduling and routing. MarketBeat noted that pure-play quantum stocks often trade as speculative, high-volatility bets whose returns hinge on the pace of commercialization. 7
Wall Street’s published stance remains broadly constructive. A MarketBeat compilation put D-Wave’s average brokerage recommendation at “Moderate Buy,” with a one-year consensus price target of about $33.67. 8
Before the next session, traders will be watching whether QBTS holds the $26 area after the latest day’s range between roughly $26 and $27.4, with a break above the recent high likely drawing momentum buyers and a slip below recent lows risking a deeper pullback.
The next hard catalyst on the calendar is earnings. MarketBeat estimates D-Wave’s next results around March 12, while noting the company has not confirmed a publication date; investors will be looking for revenue traction and signs that cash burn is tracking with management’s growth plans. 9
