Bram Berkowitz, The Motley FoolFri, Jun 13, 2025, 8:01 PM 3 min readIn This Article:D-Wave Quantum announced an at-the-market offering to potentially raise hundreds of millions of new capital.The offering could be dilutive to shareholders.Nvidia's CEO Jensen Huang commented on quantum computing this week.10 stocks we like better than D-Wave Quantum ›Since last Friday, shares of D-Wave Quantum (NYSE: QBTS) fell nearly 15% as of the market close on Thursday. The stock also traded lower on Friday. While the quantum computing sector experienced some good news this week, D-Wave also announced an at-the-market (ATM) stock offering to potentially raise new capital.D-Wave's ATM offering is with several brokerages and investment banks and will allow the company from time to time to conduct the "issuance and sale" of common stock for up to $400 million. The word issuance indicates that new shares could be offered to raise capital, which would be dilutive to existing shareholders.Image source: Getty Images.In a filing with the Securities and Exchange Commission( SEC), D-Wave also said that cash balances on hand as of March 31 are enough "to fund the company to profitability." D-Wave plans to use any potential proceeds for general corporate purposes, including funding capital expenditures (capex), acquiring new companies, or expanding the business, as well as for general working capital purposes.Advertisement: High Yield Savings OffersThe news is disappointing because it comes during a week when Nvidia's CEO Jensen Huang praised quantum computing. "We are within reach of being able to apply quantum computing in areas that can solve some interesting problems in the coming years," he said. Few CEOs can move the market, but Huang is one of them, being one of the most influential people in the artificial intelligence (AI) sector. Other quantum computing stocks jumped this week.Shareholders never like to see dilutive capital raises, but with D-Wave trading at an extremely high valuation, this is often when management will try and bring in additional capital to fund growth. Either way, it's been an incredible run. D-Wave's stock is up 1,268% over the last year and currently trades at 191 times forward sales.While D-Wave appears to be making real progress toward eventually mass producing quantum computers, it's very difficult to buy stocks at these kinds of meteoric valuations. I wouldn't recommend anything more than a small, speculative position at this time.Before you buy stock in D-Wave Quantum, consider this:Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5005,976.97 -68.29 (-1.13%)Dow 3042,197.79 -769.83 (-1.79%)Nasdaq19,406.83 -255.66 (-1.30%)Russell 20002,100.51 -39.59 (-1.85%)VIX20.82 +2.80 (+15.54%)Gold3,452.60 +50.20 (+1.48%)PortfolioSign in to access your portfolioSign inTop gainersRUN Sunrun Inc. 10.00 +1.53 (+18.06%)SSL Sasol Limited 5.45 +0.60 (+12.37%)DAR Darling Ingredients Inc. 36.01 +3.02 (+9.15%)BHC Bausch Health Companies Inc. 5.98 +0.47 (+8.53%)ORCL Oracle Corporation 215.22 +15.36 (+7.69%)Top losersVEON VEON Ltd. 38.27 -8.73 (-18.59%)ACHR Archer Aviation Inc. 9.99 -1.74 (-14.83%)DAVE Dave Inc. 208.24 -30.01 (-12.60%)APLD Applied Digital Corporation 11.18 -1.33 (-10.63%)NEGG Newegg Commerce, Inc. 9.36 -1.06 (-10.17%)Most activeNVDA NVIDIA Corporation 141.97 -3.03 (-2.09%)TSLA Tesla, Inc. 325.31 +6.20 (+1.94%)ACHR Archer Aviation Inc. 9.99 -1.74 (-14.83%)LCID Lucid Group, Inc. 2.1000 -0.0600 (-2.78%)PLTR Palantir Technologies Inc. 137.40 +2.21 (+1.63%)Earnings eventsTrending tickersBTC-USD Bitcoin USD 105,470.37 -99.40 (-0.09%)XRP-USD XRP USD 2.14 +0.01 (+0.28%)CL=F Crude Oil Jul 25 73.18 +5.14 (+7.55%)ETH-USD Ethereum USD 2,528.42 -31.68 (-1.24%)SOL-USD Solana USD 145.21 -1.98 (-1.35%)Top economic eventsPowered by Money.com - Yahoo may earn commission from the links above.