Quantum Gold Rush: D-Wave (QBTS) Stock Rockets on Government Funding Hopes and Breakthrough Deals
Market Reaction & Stock Performance D-Wave’s market performance has been nothing short of dramatic. After lingering near $1 in late 2024, QBTS exploded in 2025. By early October it had tripled on the year, and on Oct. 15 it briefly hit $46.75 – about a 30-fold jump from a year earlier ts2.tech ts2.tech. Technical indicators flagged the stock as “overbought” after that rally ts2.tech, and the subsequent selloff into Oct. 22 was swift: the stock fell about 35% from its high to close ~$27.30 on Oct. 22 ts2.tech ts2.tech. Traders cite profit-taking and a broad tech-sector wobble (fears of U.S.