D-Wave’s Contracts Could Be Worth ‘Millions of Dollars.’ Should You Buy QBTS Stock Now?

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This projection implies sustained tailwinds for the industry and ample scope for early movers to create value.D-Wave (QBTS), which identifies itself as the world’s first commercial supplier of quantum computers, is well positioned to benefit.AMD Short Strangle Could Net $1400 in a Few WeeksI’m Preparing for a ‘Bang’ When the Nasdaq Crashes. Here’s How I’m Trading the QQQ ETF First.Amazon Just Ditched Its Stake in IonQ Stock. Should You Bail on the Quantum Computing Leader Too?Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today!Backed by industry tailwinds and positive business developments, QBTS stock has rallied by 222% year-to-date (YTD). However, the stock has corrected by 42% from recent highs of $46.75. This correction seems like a good accumulation opportunity.Recently, Benchmark reaffirmed its “Buy” rating for the stock with a price target of $35. This view is backed by positive business progress that should translate into continued growth momentum.D-Wave is in the development and delivery of quantum computing systems, software, and services. The company already has 200 million problems submitted to its quantum systems to date and has exceeded 100 revenue-generating customers.The company’s established products include the world’s largest quantum computers. While the company is at an early-growth stage, the addressable market is significant, providing headroom for healthy growth.Backed by a robust growth trajectory, swelling client base, and swelling bookings, QBTS stock has surged by 152% in the last six months.www.barchart.comD-Wave has been a frontrunner in terms of innovation, and that’s likely to serve as a foundation for robust long-term growth.Currently, the company has more than 280 granted patents in the United States. Further, there are more than 550 granted or pending patents globally. With a team of 50 PhD scholars, D-Wave seems well positioned to drive meaningful progress in quantum computing.It’s worth noting that for the first nine months of 2025, D-Wave reported $21.8 million in revenue and spent $37 million in R&D. While this implies cash burn, it’s unlikely to be a concern for an early-stage company.Further, as of Q3 2025, D-Wave reported a cash balance of $836.2 million. 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