NEW YORK, January 1, 2026, 19:43 ET — Market closed.
- D-Wave Quantum shares last closed down 0.4% at $26.15 as U.S. markets shut for New Year’s Day.
- A MarketBeat tally showed a “Moderate Buy” consensus with a $33.67 average price target.
- Focus shifts to D-Wave’s CES Foundry slot next week and its Qubits user conference later this month.
D-Wave Quantum Inc. shares (QBTS) last closed down 0.4% at $26.15 on Wednesday, with U.S. stock markets closed on Thursday for New Year’s Day. (Nasdaq holiday schedule)
The pause leaves investors in the volatile quantum-computing pocket of the market looking for the next catalyst as 2026 gets underway, with near-term events likely to drive sentiment in the absence of fresh company filings or earnings.
D-Wave said it will participate in CES 2026 as a sponsor of the CES Foundry event in Las Vegas on Jan. 7-8. (D-Wave press release)
“Showcasing quantum computing at CES signals that the technology is quickly moving into the mainstream,” Murray Thom, D-Wave’s vice president of quantum technology evangelism, said in that release.
The company also disclosed plans for its Qubits 2026 user conference in Boca Raton, Florida, on Jan. 27-28, where it said it will share a technology roadmap spanning both annealing and gate-model efforts. (SEC filing)
On Wednesday, QBTS traded between $26.05 and $27.42, with about 36.2 million shares changing hands, data showed.
Other listed quantum pure plays also ended lower, with IonQ down 0.9% and Rigetti Computing down 1.1% in the same session.
On the Street, 16 brokerages rate D-Wave “Moderate Buy,” with a one-year consensus price target of $33.67, MarketBeat reported on Thursday — about 29% above Wednesday’s close. (MarketBeat)
D-Wave markets “quantum annealing” systems — a type of quantum computer geared toward finding good solutions to hard optimization problems — and sells hybrid quantum-classical tools that split workloads between quantum processors and conventional computers.
In its most recent results update, D-Wave reported third-quarter revenue of $3.7 million and said it ended Sept. 30 with more than $836 million of cash and cash equivalents.
In December, the company also said it formed a U.S. government-focused business unit led by Jack Sears Jr. to push adoption of its products and services with federal customers.
Before the next session on Friday, traders will watch U.S. weekly initial jobless claims at 8:30 a.m. ET and construction spending at 10:00 a.m. ET, events that can sway risk appetite for high-beta tech names. (New York Fed calendar)
For QBTS specifically, the near-term spotlight stays on whether D-Wave’s January conference appearances translate into new customer wins, partner announcements or clearer signposts on commercialization.
Technically, the stock is hovering near its 50-day moving average of $27.03 and above its 200-day average of $22.91, MarketBeat data showed, after a 52-week range of $3.74 to $46.75.
